INVESTING STRATEGY
NAB Equity Loan
A friend recently told me that Nab also offers loan for equity investment @8%. It has its approved list of investment which includes all the major ETF’s in Australia. Property is the not the collateral for the loan, but the portfolio is. Considering a 8-10 yr horizon, if one can achieve a 10%+ CAGR, this might be a decent deal. Thoughts? Am I missing something? Is anyone experienced with this? Also, can the loan interest payments be treated as tax deductible as it is an investment ‘expense’? Keen to know your thoughts..
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