Hacker News new | ask | show | jobs
by SomeHacker44 610 days ago
This is not true: "very low rate." My brokerage starts at 12+% which I would not call low. It never even reaches prime at millions of borrowing, and I do not have remotely enough to get much better a rate.
3 comments

Wrong brokerage. Interactive Brokers lends at 5% on large amounts and around 6% on small amounts.
You can also lend money from the options market with a box spread for around 4-5%. See e.g. boxtrades.com
options are a whole different box of worms, and playing that game has a lot more risk.

"but uh its a box trade it can't go wrong because bla bla bla bla" -- then things proceed to go wrong

you need to look at the Lombard landing products offered by banks, not margin loans on brokerage or personal loans