The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Ejectzero on December 07, 2021, 11:12:25 am
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Hi All,
I'm looking for collateral loan programs, where I can take a loan off of my share portfolio. The portfolio would just be a world ETF, the collateral will be used to make more money actively.
You can made 24% APY on USD denominated stablecoin liquidity farming and autostaking - this is the low risk option the bulk of this loan would feed into.
I know PSG has Scriptfin: http://download.psg.co.za/files/wealth/forms/PSG-Scriptfin-Product-rules.pdf
It allows you to borrow upto 30% - but ideally with STXWDM instead of JSE 40 - at prime.
Does any of the other banks offer this kind of facility? I'd ideally want one with a lower barrier of entry. Else I guess I need to get my credit card limit increased xD
Ez
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Thing is - the low fees of EE is a plus at this stage.
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Specifically if you know of offshore options, with loans against the USD - that would be magnificent indeed.
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Having a monologue here, but so be it.
I contacted PSG - no response on my questions wrt STXWDM.
I realised Interactive brokers have something similar - finally a compelling reason to move funds offshore :)