Yep, you have to factor in a margin call.
But, if you have access to cash, line of credit, etc then buying say on the 1000 ANZ shares would be ;
$13,500 for every thousand shares.
7% interest, interest only would be $945 for the year.
Tax deductible, at say 30 cents in the dollar is a return of $283 at tax time.
Actual cost for 12 months is just under $700.
So to break even the divi would have to be 2 lots of 35 cents. Of course the interest rate has to be factored in.
Any divi above 35 cents is a bonus and any capital growth is also a win.
Take a long term look and lock the interest rate in at 4 or 5 years around 7% and it is hard to lose money.
Having a six month time frame and you could come unstuck.
Go long!
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$29.92 |
Change
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Mkt cap ! $89.46B |
Open | High | Low | Value | Volume |
$29.60 | $29.92 | $29.44 | $171.1M | 5.741M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 547 | $29.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.93 | 6947 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12555 | 29.810 |
1 | 12555 | 29.780 |
2 | 741 | 29.770 |
2 | 36078 | 29.760 |
1 | 5447 | 29.750 |
Price($) | Vol. | No. |
---|---|---|
29.930 | 2278 | 2 |
29.950 | 36240 | 14 |
29.960 | 11694 | 5 |
29.970 | 60531 | 5 |
29.980 | 25427 | 6 |
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