rozella said:Sold my last parcel of WBC today @ 1967.0 Bought 29th April @ 1939.0 with a margin of 75% Investment 484.75/share.
Exdiv date 1st June
Dividend was 49.0/share fully franked 21.0
Gross profit 98.0/share = 20.21% return on investment. 47 day trade.
Only what you use.....marginlenders vary a little with the interest & the two I use are 8.4% p.a. All my brokerage & interest is capitalised to the margin loan.I was wondering if you take a Margin loan say for $50.000 and you use only $20.000, do you pay interest on the whole loan or just what you have used?
Not a cent extra, although some brokers want to charge you extra. I believe Comsec adds another $10 to the brokerage if you use a margin loan.Do you have to pay a fee everytime you use you loan money?
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