M1 launched their first margin product and are charging 3.75%. Its for accounts over $25k and they are selling “M1 Borrow” as a portfolio line of credit. I might now just invest all my liquid NW and borrow whenever I have a large bill due. Does anybody borrow against their portfolio outside of trading (like in lieu of a home equity loan or auto loan)?
www.m1finance.com/blog/announcing-m1s-newest-feature-m1-borrow/
AC
Views: