Margin Loans Margin Loans - Who is the best lender?

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by Sk3tChY, 6th Aug, 2007.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

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    Do you mean depositing funds into your margin loan using BPay ? Or actually making additional investments ?
     
    Simon Hampel, 13th Aug, 2007
    #41
  2. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    BPayed the money into my margin account, then instructed ANZ to deposit the funds into my Navra.

    Mark
     
    Mark Laszczuk, 13th Aug, 2007
    #42
  3. Sk3tChY

    Sk3tChY Well-Known Member

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    Do you mean BPAY the interest on borrowing more?
    or
    BPAY for additional units/shares. (i.e. Buy them on credit)
     
    Sk3tChY, 13th Aug, 2007
    #43
  4. DaveA__

    DaveA__ Well-Known Member

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    im talking about bpaying in buying additional units....

    i thought it wouldnt of been that hard but i guess it could be wrong
     
    DaveA__, 13th Aug, 2007
    #44
  5. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    DaveA, it's not hard, lol! I BPayed the funds into my account, then instructed ANZ to buy more units with the funds. Easy.

    Mark
     
    Mark Laszczuk, 13th Aug, 2007
    #45
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    Mark, I think Dave wants more control over the "instructed ANZ to buy more units" part of the exercise. Anything where human intervention is required is not very well controlled - even though I've found my account manager at LevEq to be extremely efficient (especially given the volume of transactions I send her way :D ), the fact is, a completely automated process would be far easier and would give me far more confidence in timing the whole process. Which is I think Dave's point.
     
    Simon Hampel, 13th Aug, 2007
    #46
  7. bundy1964

    bundy1964 Well-Known Member

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    Always nice too when the bank loses your paperwork that you have faxed in after getting it ready for them on the same day as your margin call.
     
    bundy1964, 14th Aug, 2007
    #47
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