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Macquarie Prime

Discussion in 'Shares' started by archangelsupreme, 23rd Oct, 2007.

  1. archangelsupreme

    archangelsupreme Well-Known Member

    Joined:
    7th Sep, 2007
    Posts:
    206
    Location:
    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...:)
     
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    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.
     
  3. archangelsupreme

    archangelsupreme Well-Known Member

    Joined:
    7th Sep, 2007
    Posts:
    206
    Location:
    Australia
    how many people normally go to these things...is it really huge?
     
  4. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, 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:
     
  5. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    So shareholders like me can get a good dividend :D
     
  6. FrankGrimes

    FrankGrimes Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    110
    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