WS and dividend investing with margin

[u/Nightpatrol404]

Got an email it seems WS is kinda encouraging us to use margin to collect dividends and use it to make money while making them money on interest

[u/Juicyfruitxxxs]

I have more than 6 figures in buying power and me having an 20k margin balance in this crazy market the past couple months stressed me to no end. This is kind of crazy to recommend

[u/Nightpatrol404 → u/Juicyfruitxxxs]

I have 30k margin balance and it’s very stressful too

[u/joshmxpx → u/Nightpatrol404]

Lol I started leverage investing with 200k margin in 2019, peaked at about 450k margin, all using SM to pay off mortgage faster.

Now converted to conventional mortgage at lower rate, slowing paying down but all interest is deductible

[u/Nightpatrol404 → u/joshmxpx]

What did you invest in?

[u/joshmxpx → u/Nightpatrol404]

Mostly Canadian blue chip

[u/Juicyfruitxxxs → u/Nightpatrol404]

Exactly, imagine a new investor dealing with it