I find myself see-sawing when it comes to having any form of debt.
I have an Interactive Brokers account, so borrowing on margin is stupidly cheap. I am barely using this.
I'm struggling with having cash (GICs, I think you call them CDs in the US) and having any sort of borrowing at the same time. They seem to be counterproductive - do you 'silo' money so you say, I have $25k in cash because that's what I have in my asset allocation, but I also borrow $25k on margin (just say that is 5-10% of the amount in the account, ie little to no chance of a margin call)?
I know lots of people swear borrowing to invest is always a bad thing - I'm not sure I fall into that camp. However, I am generally against market timing, BUT I'm thinking a small amount of margin when there is next a recession (again, small enough vs the account value so that there is no chance of a call) might make sense. But - that is market timing.
Basically I feel like I'm not making the most of the cheap money available to me, but I don't want to take on more risk... and on the other hand I don't want to reduce my risk either. Does that make any sense at all?
What I am actually doing is buying a GIC every so often as cash comes in, though in theory the only cash from now on is from dividends. This is until I get a rolling two year ladder going.