My first batch of restricted stock options from my current employer will vest in ten days. The work bonus program also pays out this week: only two more sleeps until then.
The temptation to immediately apply both to a cottage down payment is overwhelming, but... it is not the quickest path to owning the cottage/land outright! I've done the math.
The interest rate on my Line of Credit still hovers around 6%. I also need to do more homework on the actual costs of property ownership outside my home province, before I firmly commit to buy.
Tech stock is by nature a wild card, even on a good day; the analysts currently expect this one to increase in value by approximately 25% over the coming year.
Land value is not expected to significantly change during this period. I considered it.
I plan to hold the stock, and I will apply the bulk of the bonus to the credit line debt.
As for the rest of the bonus, I will be getting new eyeglasses (including progressive lenses and new frames), but I am not ready to fix my broken tail light quite yet.
