russki
16-11-2006, 08:20 PM
Whats the best way to gear up?
Margin lending seems to have high rates and has forced margin calls..
How about using the old Bricks and Mortar cash machine i.e. take out a loan using the house as security.. Bank Direct have 3years at 7.85%.. borrow 100g on house worth 800, with existing mortgage of 90g (i.e total borrowed 190g) .. and buy Oz stocks..
Any tax benefits in doing this? Laqc? Put the shares under missus' name as she has income of 0 per year?
Comments appreciated :D
Margin lending seems to have high rates and has forced margin calls..
How about using the old Bricks and Mortar cash machine i.e. take out a loan using the house as security.. Bank Direct have 3years at 7.85%.. borrow 100g on house worth 800, with existing mortgage of 90g (i.e total borrowed 190g) .. and buy Oz stocks..
Any tax benefits in doing this? Laqc? Put the shares under missus' name as she has income of 0 per year?
Comments appreciated :D