Borrow Against Your Portfolio: Pledged Asset Lines

Need cash without selling your stocks? It’s called a Pledged Asset Line (PAL).

Use your stocks, ETFs, or bonds as collateral to borrow cash.

But you keep ownership, no selling required! Offered by brokers like Schwab,

Fidelity, Morgan Stanley, you get a credit line, typically up to

50-70% of your portfolio value. Use it for business,

real estate, or emergencies. No capital gains tax from selling, fast,

flexible access to cash, and you stay invested, your portfolio keeps

compounding! Risk of margin call if your portfolio drops. Interest rates vary,