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Margin Loans my first margain loan

Discussion in 'Finance & Banking' started by dane, 25th Jan, 2009.

  1. dane

    dane New Member

    26th May, 2008
    i am considering taking out a margain loan of $20,000 and splitting it even between WOW and WBC. my goal is one day to provide income off these stocks, do you think these are the right stocks?
    also i have an existing portfolio worth just over $5000 i can borrow against that cant i, though commsec? if i add 2,000 am i correct here in saying all this? :confused:

    thanks heaps again, Dane