Managed Funds Borrowing to invest in managed fund

Discussion in 'Shares & Funds' started by greenstripes2039, 6th May, 2012.

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  1. greenstripes2039

    greenstripes2039 New Member

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    Sydney, NSW
    Sorry if there's already a post on this- I had a bit of a look around and couldn't find anything.

    Is there a company that would lend out say $5000 to be re-paid over a year (maybe two) for the purposes of investing in a managed fund, if I also contributed $5000?

    I already have a managed fund with ANZ and I know they do margin loans, but does anyone know if they lend over a short period such as this?
     
    greenstripes2039, 6th May, 2012
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Maybe a personal loan?
     
    Terry_w, 6th May, 2012
    #2
  3. zudjian

    zudjian Member

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    Seeing as you already have a managed fund with ANZ, you may be able to get a margin loan secured against that managed fund. Just check if your fund is on the approved list:

    ANZ Investment Lending Approved Securities List | ANZ

    The listed LVR will determine how much you could potentially borrow.

    This is an option only - certainly not a recommendation!
     
    zudjian, 7th May, 2012
    #3