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[sharechat] Geared Equities


From: "Peter Riches" <peter@peaktechnology.co.nz>
Date: Wed, 13 Jun 2001 18:36:32 +1200


Has anyone used the Macquarie Bank Geared Equities Investment (GEI) programme? Sounds pretty good. They loan you money to purchase a parcel of Australian shares (13.5% pa interest, minimum A$50k, 100% finance). The good bit is that they guarantee to buy back the shares at purchase price or market rate - whichever is higher- so your only risk is the interest (which is partly offset by tax benefits and dividends). Would be interested to hear of anyone's experience with this programme.
 
Peter 

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