RE:RE:Should I borrow to buy BNS? Yes, or consider buying in tranches. Tough to say how long this slump might go.
Also, you are free to borrow the money from anywhere to use the interest tax deduction, but I would highly recommend you don't "co-mingle" the money you borrow to invest with the money to borrow to pay bills, or whatever else you might borrow money for. You must be able to clearly identify the interest paid for money your borrrowed from investments.
I do this, but I have a dedicated credit line that I only borrow from to invest. This way every penny of interest is tax deductible.
Etstedesco wrote: Don't pull the trigger just yet. Might see a lower share price yet this week. That will save you money right from the start. Good luck. Always run the DRIP if your a long hauler. It's worked great for me.