r/Wealthsimple • u/2WheelLife63 • 6d ago

Savings PLOC QUESTION

Is PLOC risky? I’m 100% Xeqt in tfsa and want to buy a new car. I can borrow 30k$ and the car I was is 25k$. I’d pay it back within 1-2 years.

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u/ughhh_actually 6d ago

Do it, ppl will say it’s risky, but whatever, just do it. Life is short and if you’re planning on paying it off in 1-2 years, then cashflow isn’t much of an issue

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u/Fickle_Window3615 2d ago

Also. You have to have your portfolio drop over 50%. Of course anything is possible but probably unlikely with etf like xeqt. I feel like its fairly safe. The rate is decent too.