NAB Equity Builder - too good to be true?

Discussion in 'Sharemarket Investing Platforms, Tools & Services' started by BPhil, 27th Nov, 2017.

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  1. apk

    apk Well-Known Member

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    VIC
    Hi Ryan

    looks like you guys have opened it again as a Expression of Interest.

    Cheers
     
    apk, 29th Aug, 2020
    #221
    fritzsticker likes this.
  2. jprops

    jprops Well-Known Member

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    I don't know about you, but that sounds too good to be true to me.
     
    jprops, 30th Aug, 2020
    #222
  3. fritzsticker

    fritzsticker Member

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    I have applied on the EOI
     
    fritzsticker, 6th Sep, 2020
    #223
  4. fritzsticker

    fritzsticker Member

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    Just read the email that we can re apply again..
     
    fritzsticker, 28th Nov, 2020
    #224
  5. MikeyM

    MikeyM Well-Known Member

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    Melbourne
    Does the rate seem high in the current low interest rate environment? I think we should be sitting at 2.95% or below for this kind of product?
     
    MikeyM, 29th Nov, 2020
    #225
  6. Niche

    Niche Well-Known Member

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    You think a loan that only has equities as security should be on par with mortgage loans? Surely that is being a tad optimistic
     
    Niche, 30th Nov, 2020
    #226
    Silverson, Terry_w and The Falcon like this.
  7. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Not an unusual expectation.............

    IO var Mortgage back loc at 2.95 is equally optimistic

    ta
    rolf
     
    Rolf Latham, 30th Nov, 2020
    #227
  8. MikeyM

    MikeyM Well-Known Member

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    Perhaps.. I don’t expect equities interest rates to be in line with mortgage rates based on the risk factor. However >1% more..? I see an opportunity to question it.
     
    MikeyM, 30th Nov, 2020
    #228
  9. Silverson

    Silverson Well-Known Member

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    3.75% now but closed to new clients at the moment, have filled out EOI form.
     
    Silverson, 14th Mar, 2021
    #229
  10. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I actually received an invite about a month ago - forgot to apply so thanks for the reminder.
     
    Terry_w, 14th Mar, 2021
    #230
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  11. Redwing

    Redwing Well-Known Member

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    Redwing, 19th Mar, 2021
    #231
  12. Tink

    Tink Well-Known Member

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    Just got in for NAB
     
    Tink, 19th Mar, 2021
    #232
    Terry_w likes this.
  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 19th Mar, 2021
    #233
    Szbrown and Gockie like this.
  14. Luca

    Luca Well-Known Member

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    how is everyone travelling with this? Any goos stories?
     
    Luca, 25th Jun, 2021
    #234
  15. pokeutopia

    pokeutopia Active Member

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    Interactive Broker is about 2% p.a for margin borrowings and has better access to international market. How is this comparable?
     
    pokeutopia, 28th Jun, 2021
    #235
  16. MWestern

    MWestern Well-Known Member

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    You don't get margin called if things go tits up.
     
    MWestern, 29th Jun, 2021
    #236
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  17. Szbrown

    Szbrown Active Member

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    Did anyone have this during the COVID crash in the markets?

    Did you receive no margin calls like they say?
    Did they change LVR limits and/or remove investments?
     
    Szbrown, 19th Jul, 2021
    #237
    Terry_w likes this.
  18. MWestern

    MWestern Well-Known Member

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    Yes, I have a significant facility with them. No margin calls, just the same monthly payment I always make.
     
    MWestern, 19th Jul, 2021
    #238
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  19. Szbrown

    Szbrown Active Member

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    Australia
    Thanks for the reply,

    Would you recommend this (with VAS/VGS) for someone beginning their investing journey in 2021 or would you recommend the traditional investment property path?
     
    Szbrown, 20th Jul, 2021
    #239
  20. MWestern

    MWestern Well-Known Member

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    Location:
    Brisbane
    It's hard to say without knowing your personal circumstances. What is important to you? What stage of life are you in? Do you have a family? These things have altered my investment path over the years.
     
    MWestern, 21st Jul, 2021
    #240
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