margin lending - 借过的进来说说看法和感觉

黑山老妖

在考虑margin lending买基金。因为有税务上的好处和最近利息比较低而且看来是还要更低。谁有过经验的能不能说一说你们的看法和抄作上感悟？
谢谢。

cn_yy

买那个类型的基金？

philgu

原帖由 黑山老妖 于 2006-12-7 13:18 发表
在考虑margin lending买基金。因为有税务上的好处和最近利息比较低而且看来是还要更低。谁有过经验的能不能说一说你们的看法和抄作上感悟？
谢谢。 1. Interest is mostly around 9% now (therefore only worthwhile for reasonably high marginal tax rate)
2. 20-25bps interest difference is normal but be very careful choosing the margin lender. Service quality is of great importance. Interest rate is only a secondary consideration. The reason lies with time delay when you lodge your application and when margin lender deliver it to fund manager. Service quality forms an important part of successful execution of your investment strategy. I had terrible experience with HSBC previously.
3. Number of funds and stocks on the approved security list is very important.

黑山老妖

原帖由 philgu 于 2006-12-7 16:09 发表
1. Interest is mostly around 9% now (therefore only worthwhile for reasonably high marginal tax rate)
2. 20-25bps interest difference is normal but be very careful choosing the margin lender.  ... Thank you for the head up phil. I will keep that in mind and ask them when I call for more information.Currently looking at commsec (8.45% fixed 5 years) and NAB(8.6% fixed 5yrs) both have extensive list of approved shares/funds. While going through the docos I also discovered this thing called regular gearing margin loan which works like regular investment, I think I might go for that instead. Need to call them up first to find out how it works first. Had a look at the index today and got the impression that it's in for a correction very soon according to my limited skill of technical analysis.The tax benefit is only 30% but that means I am really paying ~6% interest in real terms, if I go for an imputation fund the distribution with tax credit will almost cov

PeterWay

这是不是就是空手套白狼的一种?

philgu

原帖由 黑山老妖 于 2006-12-7 16:28 发表Thank you for the head up phil. I will keep that in mind and ask them when I call for more information.Currently looking at commsec (8.45% fixed 5 years) and NAB(8.6% fixed 5yrs) both have  ... No worries.I am not sure how five year fix rate work. But to me around 50 bps of discount is not quite enough given now the long term yield curve is flat/inverted. A side question, I am considering buying home next year (hopefully house). Do you have suburb to recommend (not above 700k for house)?

黑山老妖

原帖由 peterwei 于 2006-12-7 16:59 发表
这是不是就是空手套白狼的一种? 那倒不是。。。
margin lending一般只能借40-70%视投资的股票/基金风险而定所以自己也要一点本钱才行。而且不能借满了，不然margin call来了就哭不出来了。股票太危险了，基金比较保险margin call的机会小很多。[ 本帖最后由 黑山老妖 于 2006-12-7 17:08 编辑 ]

黑山老妖

原帖由 philgu 于 2006-12-7 17:04 发表
No worries.
I am not sure how five year fix rate work. But to me around 50 bps of discount is not quite enough given now the long term yield curve is flat/inverted. A side question, I am con ... what's your selection criteria? for living for investment?

cn_yy

原帖由 黑山老妖 于 2006-12-7 16:28 发表Thank you for the head up phil. I will keep that in mind and ask them when I call for more information.Currently looking at commsec (8.45% fixed 5 years) and NAB(8.6% fixed 5yrs) both have  ... The tax benefit is only 30% 是个什么意思，inteset不能全部offset?
我最近也在看基金，准备买点listed property fund
黑山看上了 什么基金

philgu

原帖由 黑山老妖 于 2006-12-7 17:05 发表what's your selection criteria? for living for investment? Mainly for living - but of course with reasonable growth. You don't want to have the property diminish in real term when you try to buy next one. Personally don't feel I can afford anything with substantial growth now (far too expensive in Sydney).Also good transportation to city is essential as both of us work in city. We have been going through suburb first before we look at individual properties. I view comments from people wth real living experience in that area very highly.