Q: Hello 5i Staff.
My question is: I wish to offset an amount I plan to borrow, $15,000 at 4% fixed for 4 yrs, rather than unduly deplete my TFSA or RRIF (I am retired). I would like to have a couple of stocks i.e. a $15,000 purchase, to be reasonably certain of garnering a 4% income from the stock(s) with negligible risk to the capital. Slight growth would of course be a bonus. Can you suggest 2 to 3 stocks you would deem most suitable in these circumstances. Thank you for all your excellent work.
My question is: I wish to offset an amount I plan to borrow, $15,000 at 4% fixed for 4 yrs, rather than unduly deplete my TFSA or RRIF (I am retired). I would like to have a couple of stocks i.e. a $15,000 purchase, to be reasonably certain of garnering a 4% income from the stock(s) with negligible risk to the capital. Slight growth would of course be a bonus. Can you suggest 2 to 3 stocks you would deem most suitable in these circumstances. Thank you for all your excellent work.