Carrying a credit card balance? This article talks how a line of credit would be a better option. See article on Globe and Mail
I have a line of credit. When I need to make a big purchase, I would put it on my credit card and then use my line of credit to pay off the amount on my credit card. I also use my Line of Credit to buy stocks from time to time. In this case, the interest charge is deductible when doing your taxes. A Line of credit is a lot cheaper to use than a credit card.
On my other blog I wrote yesterday about Leon's Furniture Ltd (TSX-LNF, OTC-LEFUF) ... learn more. Next, I will write about Barrick Gold Corp (TSX-ABX, NYSE-GOLD) ... learn more on Friday, April 21, 2023 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.