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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (26047)	2/16/2007 11:07:44 AM
From: Carl Worth	Respond to of 78958

okay, i see what you mean about negotiated rates, that definitely affects what any particular individual will pay i have traded with numerous brokers over the years and some report the margin debit with the average interest rate charged (brownco did), but some others (including IB) don't...it's readily available on IB's web site, the current rate that is, but if it changes mid month, they don't give you an average that you paid i guess it's always better to have more information than less, in terms of financial disclosures, but since they give you the average balance and the amount charged, it can be calculated as you said it has been my experience that the amount charged above the base rate stays the same...it's only the base rate that is adjusted according to their cost of capital...this was the case at brownco and is the case at IB as well...it's been years since i used margin at any other broker, so i don't remember how those places figured their margin interest...as i said earlier, i tend to use margin only in small amounts, and only for at most a couple weeks at a time, so i don't keep a real close eye on the exact rates from day to day or month to month