“How he took out a margin loan just before the GFC without knowing what a margin loan was”
♫
Said on The Finance Garage
“They said, you get a loan, it's interest only... I took a couple of million dollar loan... I could pay the interest off... I could pay the money back without having to sell any shares.”
The Finance Garage · Ep 53 - Betting everything on being funny with Dave Hughes ft. Dave Hughes
Play from 33:26
33:26
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What was described
took an interest-only margin loan to buy shares and used comedy income streams to pay only the interest during the GFC
a couple of million-dollar loan
Said nearby on the same subject
“Go revalue your property, lock in that equity, get it on an interest only loan ... you can reset the interest only term after five years ... that locks in 10 years, a full decade, of access.”
SW
Stuart Weems
Investopoly ·
“I like the idea of locking in equity positions ... I put, pay the loan back in to redraw, so that the balance is like $50, leave it on interest only.”
SW
Stuart Weems personal practice
Investopoly ·
“Someone who chooses interest-only on the investment split usually maximises the deductible interest and directs all surplus… towards a non-deductible home loan”
AG
Aidan Gullman
Financial Autonomy ·
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