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Margin Loans Leveraged equities and Navra

Discussion in 'Finance & Banking' started by voigtstr, 9th Dec, 2007.

  1. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    Do LE review their security list monthly?
    I've been advised that they have reached their prudential limit on Navra, so its not currently on their list. How often should I check their site to see if they've re-added it?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Most lenders review once or twice a month in my experience.

    I wouldn't hold your breath for it to be re-added to LevEq ... they were one of the first lenders to offer it and got a huge demand. It hasn't been listed for quite some time now.

    PS. I update the LVR info on my Compare Funds daily - directly from the lender websites, so you can go by the information there too.
     
  3. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    Hi voigtstr,

    In my experience, people with existing Lev Eq accounts that have an existing Navra investment can make additional investments into the fund, with gearing. Don't quote me on that though - best to contact your account manager and confirm with them.

    If they say no, it might be worthwhile telling them that you will transfer your entire account (that is, all of your holdings) to another lender who is more willing to come to the party and see what they say.

    Mark
     
  4. Here_To_Learn

    Here_To_Learn Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    315
    Location:
    Sydney
    This is correct ... I am an existing member and they have always allowed me to reinvest with them.