Just wanted to know if anyone out there uses Macquarie Prime for Margin lending. I am a newbie to serious investing but have been investing in the stock market for years, and made some decent profits so I thought I would venture into negative gearing, long term though. Macquarie Prime seems superior to Commsec margin lending but obviously more complex for a newbie. Also appears to be for much bigger investors as I am only looking at a credit limit of maybe $20K. I was wondering if anyone could tell me how they have found Macquarie Prime and any traps a newbie might not be aware of (apart from those inherent in Margin lending of course).
Thanks in advance!