FM> Macquarie are offering an arrangement whereby they lend you a min of
FM> $100k to buy shares. You pay what looks like ~16% interest but this is
FM> reduced by a) the fully-franked div on the shares (they use NAB as an
FM> example {at} 7.7% yield) and b) the tax concession on the investment. In
FM> their example you end up paying ~$2.8k p.a. If the shares go up, you get
FM> the benefit. If the shares go down they take the shares as *full*
FM> repayment for the loan. If you have more than 1 stock and some go up and
FM> some go down, you get the benefit of the one(s) that go up and they take
FM> the one(s) that go down. ie, you don't have to offset.
FM> I phoned them today and they're sending me more info. I'll let you know
FM> when I know more.

cc: Brenton Vettoretti - Ta.
@EOT:

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