At the very least, to remain competitive, TD Direct Investing should convert US Dollar dividends in registered
accounts at favorable rates but in recent communications, TDDI indicated the best they can do is wash US dividends into the TD US Dollar Money Market Fund but only for selected clients and only if the client calls before the dividends are due and requests a wash trade.
Not exact matches
At the same time, some brokers allow exchanging currencies at favorable rates inside one multi-currency accoun
At the same time, some brokers allow exchanging currencies
at favorable rates inside one multi-currency accoun
at favorable rates inside one multi-currency
account.
If that still doesn't work, then you should
at least try to reach a compromise — perhaps an intermediate credit limit, or a
favorable interest
rate in return for keeping your
account open.
If you realize a profit on the sale of an asset in a taxable
account, you'll owe tax on the gain
at either
favorable capital - gains
rates (if you owned the asset for more than a year) or regular tax
rates (if you owned it for less time).
Aside from a savings
account, consider whether or not you have family or close friends who might be able to help you out with a personal loan
at a
favorable interest
rate.
Because investments in this type of
account will be typically be held for a long time horizon, they will be taxed
at the
favorable long - term capital gain tax
rates when you liquidate them.
Withdrawals from these
accounts may be taxed
at the more
favorable long - term capital gains
rate, which is 15 % — 20 %, depending on your income.
With the safe bucket covered and generating passive, tax advantaged income, they then have the freedom to entertain opportunities such as real estate, business start ups, private lending and other lucrative opportunities by borrowing money
at favorable rates, often from the mutual insurance companies general
account using their policy cash value as collateral, or shopping the
rate to other financial institutions to see who is most competitive.
In addition, if you end up being unable to make full payments or pay late on your
accounts each month, your FICO scores will decline, making it more difficult for you to obtain loans
at favorable rates.
Somewhere that needs to be
accounted for, else a higher
rate at a longer term appears
favorable, so my approach is to normalize the numbers one way or another.
But if you have both and combine them into one
account, then you can redeem all of them
at the more
favorable Prestige
rates.