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I received a notification from Schwab about the Securities Lending Fully Paid Program. Seems like a good idea to earn some extra income without the risks of options trading. Would like to hear from anybody who has participated in this program. Any downsides?
I’ve been in a similar program at Fidelity for a few years. No issues.
Howard Rohleder wrote about this last year.
I have continued in the Fidelity program as described in my article. I continue to have zero problems, but the dollar amounts I receive each month have dropped significantly. It seems to be a supply/demand situation and the demand for the ETFs in my account command a much lower interest rate than they did when I wrote the article.
You might find this HD post helpful.https://humbledollar.com/forum/free-lunch/
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