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I often read posts regarding raising money to make investments in shares. I use a stockbroker to make all share sales/purchases. Most purchases for long term investment are made T2 , ie settlement is in two working days.
However, for trading I buy at T20 giving me 20 working days before settlement.I can sell at any time in between.
Here's the point ,though. The broker will allow purchases of 4 times the assets you have with them. That means that if you have £100k of EUA then you can purchase a further £400k of EUA with a twenty day settlement.
I hold EUA long term, but I trade the dips with T20 purchases.
Interesting debate. Shares require lump sum purchases to be viable, what with fixed transaction costs. Only way to get lump sums are from saving, borrowing or realising other assets. If you have disposable income you can put toward savings, you could put that toward a loan repayment instead, to have the lump sum now, albeit paying interest. As long as it's very affordable, and you're unlikely to need another loan for something critical, then it may be a good idea. AIM is very risky though
This question is always going to cause debate on a forum. I have taken out 2 bank loans, the first was for EUA. I took a topup in December last year thinking a sale was 'imminent' and got a few kn0bby comments regarding it. I got the loan ok but when tried transferring the funds I got put through to their fraud department, this was due to the VPN I was using which put me in another country. I was honest with them the whole time and about the reason for the loan. He was more interested in if it was a legit loan rather than the purpose of it. I think I picked 'other' in the reason for loan section of the application and when the fraud office asked me what the money was for I told him it was for an investment. There were no issues. I don't regret getting the loan, I could afford it but obviously regret the timing as I bought in December which gave me a high average but that's stocks and shares for you, hindsight is a traders dream.
I got offered cheap shares in the company I work for a few months ago. It was a no brainer, I took a larger loan and flipped the shares with around 50% profit, bought a pool table and pumped the rest into EUA almost slicing my average in half. I am now at my maximum risk position in EUA. I wish I had more dry powder available for more topups but I will not be taking any further loans as it would put me outside my comfort zone and will see this deal to conclusion.
Ask yourself, if I take a loan for say 12 months and it takes 12 months to get any money back or lose it. Will I still be comfortable mentally and financially? I would not be taking a loan unless I could honestly answer yes to those questions.
"Brilliant question, I’m thinking of doing something similar as I’m so convinced this going to make me rich . I know my mother has at least £10k under her mattress and there’s a good chance my aunt has a good lump to. Sorry to jump on thread but could anyone tell me would it be illegal if I borrow these funds for more shares"
Seriously? You would borrow your mothers and aunts money for an aim stock. There really are some sad individuals on this forum. Invest by all means, but do it with your own money and money you can afford to lose. As good as you may or may or not think this stock is there is nothing certain in investing.
Its good advice but the risk / reward ratio factor is too good, particularly as we are within the distance. You may lose your stake (for a few years) but you may never get another chance like this in your lifetime to make a fortune.
Twisted - BRH issued a 42p dividend and the sp rose to almost double. I was shocked, I only watched, wasn't invested but point is that dividend does not necessarily drop the sp significantly. Well I hope not.
As good as this looks I'd think v. Carefully about borrowing money to invest further into here. Eua has everything going for it but it's still an aim share, you just have to look at the shananigans that have gone on already here. If they sell an asset they will pay a divi which could be only 30p (hoping for at least triple that of course) and who knows what the SP will be after divi payment. Only invest what you can afford to lose... That is rule no1 on aim. Investment advice over. GL whatever you decide.
Brilliant question, I’m thinking of doing something similar as I’m so convinced this going to make me rich . I know my mother has at least £10k under her mattress and there’s a good chance my aunt has a good lump to. Sorry to jump on thread but could anyone tell me would it be illegal if I borrow these funds for more shares
Assuming you qualify for the loan from the bank in question it doesn't matter a jot what you do with the money provided you make the monthly payments. The only thing you will probably have to do, is state it is for home improvements or something similar. If you state it is for buying/investing in shares I doubt it would be granted. They will never follow up on what you have used it for and once you receive it your only legal obligation is to make the payment.
Do we have anyone here who has experience in banking?
I am thinking of taking a personal loan to add extra shares to my account rather than wait around for other funds to free up. I do not need your advice on wether it's a good idea, I am well aware of the risks and I am happy to risk it knowing I may never come across an opportunity like this again. But where do I stand legally if the bank see the money go in to my stocks and shares account after saying it was for a vehicle for example?
I'm thinking as long as repayments are met they wouldn't be too bothered in reality but I am not sure so does anyone know more?