RWRDS Daily Update – February 26, 2024 + MORE Feb 27th

WestJet, United and JetBlue all raise checked bag fees, a New Amex Offers statement credit for Noble Estates and Catch up on This Week in RWRDS. Check out today’s points and miles updates here:
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Ask MoneySense
I wish to leverage my HELOC to invest in dividend-paying investments. How would you advise I approach this? Is this an effective tax savings tool? Is there any financial institution or products you would advise?

—Martha

Borrowing from a home equity line of credit

You know, Martha, in some circles, leveraging—or borrowing to invest—is a taboo subject. I find that funny because there is much less controversy when people borrow to:

Buy a car, which depreciates in value;

buy a house, which normally appreciates, but it can decline;

or take a vacation as a lifestyle investment.

So, why is there controversy around borrowing to invest? It is probably due to a lack of understanding, coupled with the fact that when leveraging goes bad, it’s not good.

Let’s talk about leverage. If you borrow $100,000 at 8%, what rate of return would you have to earn on your investments to break even? Would you guess 8%?

Most people would agree with that answer; it sounds logical, right? I mean, if you borrow $100,000 at 8% and paid $8,000 in interest costs then that would mean you would have to make $8,000 on your $100,000 investment to break even, which is 8%…

AIR MILES is providing advance notice of another great bonu offer from them. On this coming Saturday, March 2, 2024, collectors who opt in for the offer will earn 20x miles when they earn at least 1 Mile at select partners, or via airmilesshops.ca, airmilescardlink.ca, or travel.airmiles.ca. Simple as that! The bonus is capped at […]
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As RBC begins to send out the Avion Visa cards that will be replacing HSBC World Elite Mastercards you will find there is an FAQ insert that has further details on the credit card migration. There is one key detail in that FAQ that HSBC cardholders should be aware of if they are not already. […]
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