M1 launches M1 Borrow

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Borrow with ease with M1

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)?




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