Large change in debt structure
Reduced debt cost to 2.5% via IBKR for most of investment leverage. Targeting a max borrow of 25% of total corporate portfolio value = $550K margin borrow max. Current balance is ~$400K
Have paid out BMO fixed loan and the other LOC which had debt cost of 3.95% Effective interest savings = $6000/year Increased non margin capacity to: $175K personal LOC's $200K Opco LOC $30K HELOC
This allows some room for increased leverage in a down market. Current net long position ~ 110% - max is 125%
Hugely volatile markets leading to a bad December with stock losses, but USD increased to 1.35 CAD which reduced losses
Initiated starter position in Apple |