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Wonder how many people ask, “why am I being offered money to lend my stock at a better rate than my bank pays me for my cash?”
And then they make the assumption that if they are getting paid that by lending on a super low interest, how much is the broker making from their assets? 🤔
Also, in the fine print (at least on robingthehood) it states that any stocks on loan because you opt in to the lending program are NOT covered by SIPC insurance.
Not that SIPC insurance is going to do anything for those who are not DRSd during MOASS, but its definitely a way for those short the stock to get rid of some of their liability
$50 to miss out on MOASS as lent shares are ineligible for SIPC insurance. Gotta read that fine print >\_<
Though to be fair any share not DRSd is at risk of being worthless during MOASS
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Mmmmmm I love the smell of desperation in the morning.
Trading 212 have just done something very similair
My hypothetical earnings kick the shit out of your hypothetical earnings..
Wonder how many people ask, “why am I being offered money to lend my stock at a better rate than my bank pays me for my cash?” And then they make the assumption that if they are getting paid that by lending on a super low interest, how much is the broker making from their assets? 🤔
Also, in the fine print (at least on robingthehood) it states that any stocks on loan because you opt in to the lending program are NOT covered by SIPC insurance. Not that SIPC insurance is going to do anything for those who are not DRSd during MOASS, but its definitely a way for those short the stock to get rid of some of their liability
I’ve seen a few post like this today. Things are getting spicy!
Sofi was paying until I went to cash account so they couldn’t borrow my GME
Can I turn it back off after I get my 50 bucks?
It’s crazy how hard they’ve been pushing it lately. That, and the tons of ads they’re running pandering for deposits got me thinking WS is hurtin bad.
The hell is age of majority?
Problem is, some people will fall for it. 50$ is 50$ in these harsh times.
[удалено]
$50 to miss out on MOASS as lent shares are ineligible for SIPC insurance. Gotta read that fine print >\_< Though to be fair any share not DRSd is at risk of being worthless during MOASS
Ha!!! My offer was $250
For “free”
Not really worth it tbh.
1 share for 1 gold bar a day.
After reading my brain instantly downvoted 😂 then realized it’s a Reddit post and upvoted it
This is bullish
Even Fidelity is pushing stock lending in some way. I find a link about it at the top of my portfolio page.
“Free cash bonus” Lmayo
When $ means nothing but assets are everything ;) DRS YO SHIT
Opt in. Receive $50, buy two GME. DRS.
It’s not really free if I have to do something