Macquarie Prime

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Lam Thieu, 23rd Oct, 2007.

Join Australia's most dynamic and respected property investment community
  1. Lam Thieu

    Lam Thieu Well-Known Member

    Joined:
    24th Jan, 2017
    Posts:
    205
    Location:
    Melbourne, Australia
    Just curious...

    Has anyone been to the seminar?? Did you find it useful?

    Is anyone going to the Melbourn seminar this Thursday October 25th???....happy to catch up with anyone who's going...:)
     
    Lam Thieu, 23rd Oct, 2007
    #1
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    345
    Location:
    Adelaide, SA
    I went to an early Adelaide one and it was fairly useful. I think it should be more so now that it has been up and running for a while, asking them to explain their fees in an easy to understand language may be beyond them still.
     
    bundy1964, 23rd Oct, 2007
    #2
  3. Lam Thieu

    Lam Thieu Well-Known Member

    Joined:
    24th Jan, 2017
    Posts:
    205
    Location:
    Melbourne, Australia
    how many people normally go to these things...is it really huge?
     
    Lam Thieu, 23rd Oct, 2007
    #3
  4. Glebe

    Glebe Well-Known Member

    Joined:
    29th Sep, 2019
    Posts:
    819
    Location:
    Central Coast NSW
    Why do Macquarie have to bugger up good products with incredibly complex fee structures? Grr! If only they used their power for good :rolleyes:
     
    Glebe, 23rd Oct, 2007
    #4
  5. bundy1964

    bundy1964 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    345
    Location:
    Adelaide, SA
    So shareholders like me can get a good dividend :D
     
    bundy1964, 23rd Oct, 2007
    #5
  6. FrankGrimes

    FrankGrimes Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    103
    Location:
    Sydney, NSW
    I went to the Sydney seminar last night and it was useful. Glebe, I'm not sure what fees you are referring to but this product isn’t complicated unless I’m missing something. From what I have gathered from the PDS and seminar it was –

    % per trade, minimum $20
    % per CFD trade, minimum $10
    % for guaranteed stop loss (optional)
    And just interest on long positions
    And ASX data fee?

    But upsides

    greater levels of gearing – up to 95%
    Lower interest rates than BT, Commsec
    GSL (guaranteed stop loss) a great feature for short term trades. Max losses are known upfront.

    For those interested, I also have raised the issue of crap LVRs for LICs with the manager of the product and he is going to have it reviewed. I will post the details when he responds. In particular ARG, AFI and MLT which are 70% with most margin lenders yet prime only offers 65%.

    Cheers,

    Luke
     
    FrankGrimes, 24th Oct, 2007
    #6