Another month pass by as my mortgage is slowly transferring to a tax deductible debt. On June 1st, I bought more National Bank Dividend mutual funds. My goal is to accumulate enough to buy other funds such as Sprott Canadian Equity fund which requires a minimum investment of 5K.
My investments account shows $2,297.31. This was not a really good month for me but the key is longer term investing. The reason why Iâ€™m doing a monthly update is too show fluctuations that you may come across with leveraging strategies. You need to be able to face bad months and good months without taking emotional decisions.
My tax deductible debt account show a balance of -$2,300 as I just withdraw another $600 to buy more funds. Last month I paid $4,67 in interest charges.
Here is a quick chart to show my situation over the pass months.
Months Debt Investment Interest Paid
April $1,700 $1,705.38 $3,50
May $2,300 $2,297,31 $4,67
Hopefully, my next month will show better results. Keep on investing!
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