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    No Excuses TheHaws's Avatar
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    Debt & Investment Question: Canadian Tradies GTFIH

    Currently working on paying off a line of credit (14.6%) I have for 8k, expect to have it paid off in roughly 10 months maybe less due to my pending bonus I receive in March.

    I want to get started in trading, I have no clue what I am doing though. I want to open a TFSA Investing account through TD, I heard good things about their interface and feel like it would integrate well with my life considering I bank with TD and my line is with them.

    My question is, should I wait to open the account and putting money into it until I have completely paid the LOC? If I did open the account I probably would only invest a few hundred a month until the LOC is paid off anyway, then the bulk of what I was putting on the LOC will go into investing after that. What do you boys think?

    Also any helpful resources to an aspiring Canadian tradie would be nice.
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