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Commonwealth Securities PPL

Discussion in 'Shares' started by samaka, 17th Jan, 2008.

  1. samaka

    samaka Well-Known Member

    Joined:
    30th Sep, 2007
    Posts:
    308
    Location:
    Sydney
    Hi all,

    Does anyone have any experience using a Commsec Protetect Portfolio Loan (PPL):

    100% Gearing
    Tax-deductable interest
    Capital Protection

    Brochure is here: http://images.commsec.com.au/structproducts/PPL/PDF/PPL_Brochure.pdf

    Seems like a pretty good deal - unless I'm missing something...


    EDIT: And I just saw the interest rates ..... ouch!
     
  2. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    I was looking at this very product about 6 months ago but decided the premium payable for the capital protection was to high.
     
  3. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Samaka,

    I'd wait for Perpetual Protected Investments 3 to come out in a month or so.
    12.95% is a bit exy...

    PPI2 was in the 9% to 10%.

    Probably a little bit more now for the next series, though not 12.95%...

    Cheers,

    Dan

    PS This is general information, speak to your FPA registered Financial Planner before making an investment decision.