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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (1232)	9/28/1998 11:29:00 PM
From: Moominoid	Respond to of 15132

You don't need to think about futures. Several banks and brokers here will let someone with $A10000-20000 opening a foreign currency trading account the overnight margin is 4%. The minimum trade is typically $A100000 which needs a 4% margin overnight ($A4000). Intraday the margin is only 2%. On bonds several banks would make loans to anyone who'd borrow $A20000-40000 minimum to buy bond based unit trusts at 5% margin. You can buy shares here with a 30% margin. So there's nothing weird about LTCM having a $100 billion portfolio with $5billion in capital