u/69goats

Context: I’m 25m with $24,400 left of TFsA contribution room.

Wealthsimple is offering me a portfolio line of credit of up to $6000 at 0% for 6 months. After the 180 days the standard rate of 4.45% ensues. If I take this 6k and just park it into indexes forever while paying the loan off within a year, what are my downsides besides standard market risk? Seems too good to be true. What am I missing? What would you do? (Yes the index would be XEQT)

For some quick context I have $5511.00 of contribution room for 2026. In my RRSP I hold a mix of 2 USD ETFs (VTI and IEFA) and 1 CAD ETF (VCN) For my investing I auto deposit $1000 every two weeks. My question is, should I just auto buy both USD and CAD ETFs at the same time eating the 2.5% conversion fee every time, or, save up all I would put into the USD funds and use Norbert’s gambit to save? Which you you recommend?