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borrow to invest

  1. Borrow 2 invest - good idea?

    Hi, I have access to a line of credit with my bank at 7.31%. I was thinking of taking out some money and use it to invest in an etf like XML (ISHARES EDGE MSCI MIN VOL EAFE INDEX ETF (CAD-HEDGED)) which pays 8.1% in dividends (MER 0.37%) and use the dividend payments to pay off the monthly...