Edit*
Im about to call them because i can give over 500k for 5-8% with no problems
It's lending your rare stock for their clients to short (for example--small cap biotechs). The interest rate is variable.
call Schwab now
I have about 250k in highly speculative tech/pharma stocks (high short demand) and was wondering if they still have this program.
Was thinking of doing an ACAT transfer with that + 250k cash, possibly buying a little of their select ETFs.
I've heard of people getting 5-8% for their securities, and best of all it's guaranteed. I haven't seen interest rates like this that are safe anywhere.
