lets say i have 25k in a day trade account. this lets me borrow 75k for non leveraged stocks n funds
how much am i paying for this margin loan? fidelity says its base rate is about 7 percent. so for a single day, would that be 7 divided by 365 times 75000 = interest cost?
thats 1200 a day, hell of a lot of money. if my math is right (which it hardly ever is), could u tell me places with significantly lower margin rates? whats IB rates? i checked and of course found nothing. on this subject, it appears the brokers are intentionally vague.
thanks everyone
Submitted January 19, 2015 at 07:03PM by fastneasyname http://ift.tt/1ADZhUp
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