Hi,
I was wondering if anybody has experience with ASB Margin Lending,and if it possible
to use it similar to a revolving credit facility?
For example, building up a portfolio in a margin account and having leverage within the required ratio. Then paying down the leverage/loan
through regular dividends and income, and after time transferring cash out of the margin account to fund other investments/expenses?
(obviously staying within the required margin ratios).
Is this possible to do this? As it would be potentially be a good strategy to free up cash/equity from current holdings without having to sell them.
Or is it only possible to use the margin to make additional share purchases?
Thanks in advance,
Styerz
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