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Posted On: 03/18/2020 5:50:59 PM
Post# of 148902
About 4 weeks ago on this board there was quite a bit of conversation about loaning shares. I believe some of the brokers were offering high % interest returns.
I just talked with Fidelity.
1) and they were offering below 3%
2) I asked them what the risks were, the only one shared with me is that if the broker were to file bankruptcy, you could loose everything you loaned.
I do not know if both of these are true across the board or varies by account, but hopefully the news on these two would keep people from loaning shares
Not sure I would trust a broker to not go bankrupt in this market.
Does this sound right to others?
I just talked with Fidelity.
1) and they were offering below 3%
2) I asked them what the risks were, the only one shared with me is that if the broker were to file bankruptcy, you could loose everything you loaned.
I do not know if both of these are true across the board or varies by account, but hopefully the news on these two would keep people from loaning shares
Not sure I would trust a broker to not go bankrupt in this market.
Does this sound right to others?
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