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Yes, you can get a pledged asset line, a secured line of credit collateralized by your portfolio. A PAL is not for a particular purpose, so you can use it for p
by crystoloxy 4y ago
Yes, you can get a pledged asset line, a secured line of credit collateralized by your portfolio. A PAL is not for a particular purpose, so you can use it for pretty much whatever you want — other than buying securities.
Random example: https://www.schwab.com/pledged-asset-line https://www.schwab.com/pledged-asset-line
- devmunchies 4y ago> Secured by assets held in a separate Pledged Account maintained by Charles Schwab & Co., Inc., you can use your line of credit to… What I expected, need to already have assets within Schwab