Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (21) |
Author: ciao8 ✭  😊 😞
Number: of 15066 
Subject: Re: OT: Schwab for primary brokerage
Date: 09/09/2023 5:30 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 6
Sweeping your account cash into MMKT accounts at Schwab is a bit of a pain ,
current rates...
SWVXX. 5.23%
SNAXX. 5.38%

Another inv. offered by Schwab is a PAL loan (Pledged Asset Loan)which is available at much lower rates than a margin loan.
I used this last yr as a bridge loan in the the purchase of a home.
A separate account is set up & I pledged BRK stock for thePAL loan.
The current PAL rate is, SOFR + 2.4% for the amount I borrowed & todays SOFR is 5.3% ,
Thus, todays PAL loan Int Rate = 7.7%
vs todays margin rate of ~12% to 13%

ciao
Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (21) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds