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  1. Borrowing from LOC to invest HISA

    General Personal Finance Talk
    Hi, I'm in a fortunate position where as a perk of the company I work for, I can borrow up to $350K at only 1%. I'm looking at maxing this out and just dumping all the money in a High Interest Savings account that pays 1.6%. My calculations indicate I'd make $2,100 a year for basically doing...
  2. cashing out gains on leveraged investment - how to calculate amount to pay down LOC

    Taxation
    Scenario: Let's say on January 1, 2010, I borrowed from a line of credit $8,000 and invested in 800 shares of a stock at $10/share. Since that time, a deduction was claimed on the interest payments associated with the revolving balance of the LOC. The LOC of credit was used to fund other...
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