Financing Share Trading

Viewing 10 posts - 1 through 10 (of 10 total)

universaltrader
Member
@universaltrader
Join Date: 2005
Post Count: 5
April 8, 2005 - 12:55 pm
Hi everyone
This is my first post. Forgive me if I am asking a question that is out of context with this forum.
I have developed what I believe is a very profitable medium to long term ( a trade can be as long as 160 bars) share trading system and I am looking to obtain 100% finance. I have about A$100000 equity in my residence, work part-time and get a part disability support pension.
What would be the best way to go about obtaining approximately A$50,000 finance to trade my system? I know about margin loans, but I need to own some shares first. That’s what I need the finance for.
Regards
universaltrader
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
April 8, 2005 - 1:37 pm
You want to access funds without increasing repayments?
Let me know if you find a way.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
universaltrader
Member
@universaltrader
Join Date: 2005
Post Count: 5
April 8, 2005 - 1:48 pm
I have amended my post. I apologise.
Regards
Originally posted by Mortgage Hunter:
You want to access funds without increasing repayments?
Let me know if you find a way.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
April 8, 2005 - 2:29 pm
Hi U.T
On the proviso you can service the debt, I would suggest you look at using your current equity, Cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
universaltrader
Member
@universaltrader
Join Date: 2005
Post Count: 5
April 8, 2005 - 2:32 pm
Steven
Thanks for the reply
Any pointers how to start?
Colin
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
April 8, 2005 - 11:49 pm
Top up your loan or use a LOC.
Should be fairly straightforward.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
April 9, 2005 - 4:36 am
Hi Colin,
If the equity is derived from your PPR then a split loan coupled with a 100% offset may be an option, Cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
universaltrader
Member
@universaltrader
Join Date: 2005
Post Count: 5
April 9, 2005 - 6:17 am
Thanks for the reply Steven.
Unfortunately I don’t know a lot about finance but at least you have given me something to work on.
Thanks
Colin
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
April 9, 2005 - 9:25 am
No problem Collin,
Feel free to call or email me with the relevant info, Iâ€™m happy to crunch the numbers and point you in the right direction, cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
universaltrader
Member
@universaltrader
Join Date: 2005
Post Count: 5
April 9, 2005 - 12:30 pm
Hi Steven
Thanks – I have emailed you some details.
I appreciate you taking time out with me.
Regards
Colin