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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (44317)	9/12/2011 7:11:05 PM
From: geoffrey Wren	2 Recommendations Read Replies (1) of 78748

Paul: Your post is an education to me. Per my broker TD Ameritrade, they say that for an account sized 100,000 to 250,000, the margin rate is 7.25%. So what I had not appreciated before was how much TD Ameritrade overcharges for margin if other brokers are charging more like 3%. I have never used much margin, usually using it for a trading position only. Now most of my money is in tax-sheltered accounts, so I cannot use margin there anyway, and I am somewhat gun-shy to take on margin anyway in today's market, especially when rates can go up on short notice. But if I do get a few bucks ahead and decide to take a significant and lasting margin position in a taxable account, I guess it will have to be with a broker other than TD Ameritrade. What a rip. Give you like .01%, but charge you 7.25%. GTW

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