Guys, currently I have an $80k Margin Loan with NAB which I can buy stocks with.
My question is though, can you use a Margin Loan instead of buying stocks buy either the USD or EUD instead?
I'm really thinking of buying a whole heap of USD or EUD when and if we hit parity with the USD as I think our currency is way overvalued in my opinion long term. So what I would to do is borrow to buy heavily into one of those other currencies and also if it can be stored at the bank or whatever?
If anyone can please help that'd be great. TIA
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- can u lend to buy foreign currency?
can u lend to buy foreign currency?
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