PAL
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If you don't want to use a PAL or SBLOC - the other common method is to write box spreads - usually close to the risk-free rate and depends on the length of the loan. But it assumes you understand how to arbitrage interest rates using options. No idea how that impacts income calcs for the purpose of taxes since tax straddle rules usually apply. And idk if you can do that in a trust account. Search the subreddit - the topic of using SBLOCs and PALs come up pretty often.
Stonks happened , news flash PAL
My PAL calls bet for today is paying off well.
It's a common practice. It's called a Pledged Asset Line (PAL) or Securities-Based Line of Credit (SBLOC). It's not a CEO thing. It's available to most investors. And there are brokers and banks that offer this as a service to their customers. Popular brokers like Schwab and Fidelity offer such services. [https://www.schwab.com/pledged-asset-line](https://www.schwab.com/pledged-asset-line) [https://www.fidelity.com/lending/securities-backed-line-of-credit](https://www.fidelity.com/lending/securities-backed-line-of-credit)
PAY PAL 100.00 GIVE AWAY!!!! READ YALL!!!! SIGN UP WITH MY CODE, AND FOLLOW DIRECTIONS ON PICTURE!!! DONT SEND ME ANYTHING, IM NOT ASKING FOR ANYTHING!! THE RULES STATE IF U LINK YOUR BANK ACCOUNT TO PAY PAL AND SPEND 5 BUCKS WE GET 10,000 POINTS=10 DOLLARS!!! Tap to join PayPal: https://py.pl/XDuID
You live in a digitized world, and the only way out is money. Macrohard can't come soon enough. Anyway, PALL remains a monster play and ticket out. "Everyone needs a PAL(L)."
Contact your broker and ask if your broker has an SBLOC or PAL. Some brokers also support synthetic loans with PM accounts. Not sure if RH does anything like that though.
I am based in Singapore and Standard Chartered Bank offers a PAL loan (pledge asset line) that is secured by my ETF portfolio and I can borrow in a number of available currencies. The product is called wealth lending: https://www.sc.com/sg/wealth/investment/secured-wealth-lending/ Standard Chartered Bank has their own brokerage in Singapore so I have to use that. This is their base Cost of Funds and they charge you a ban margin on top of this depending on your status with the bank: https://www.sc.com/sg/wealth/investment/secured-wealth-lendingcof/
I am based in Singapore and Standard Chartered Bank offers a PAL loan (pledge asset line) that is secured by my ETF portfolio and I can borrow in a number of available currencies. The product is called wealth lending: https://www.sc.com/sg/wealth/investment/secured-wealth-lending/ Standard Chartered Bank has their own brokerage in Singapore so I have to use that.
which one of you regards suggested PLUG this morning, thanks a lot PAL BUDDY FRIEND i'll send you the -18% bill
Don't tell me how to lose my money PAL.
Daily screeners and 24/7 AI is the DEGEN way! WELCOME ABOARD PAL!!!
I have a wealth manager which is one of Schwab’s preferred partners. However PAL’s are done in house, it’s a function of Schwab. Do you have a point of contact at Schwab? I would first start with them.
You have one of Schwab's wealth management people or a separate manager? I manage my own acct at Schwab but I'm not sure how a PAL there really works tbh
It was a whole negotiation with my contact at Schwab, my wealth manager and the PAL team at Schwab. They did all the work, but yes, you need to speak to Schwab to get the ball rolling.
Did you call them and negotiate the PAL?
PALantir being a real PAL today
Ended up getting a very nice (low) spread on a PAL and the BSL was too complex.
Please see the subreddit resources. This question is asked daily. There is also a wiki in r/personalfinance that covers your question - [https://www.reddit.com/r/personalfinance/wiki/windfall/](https://www.reddit.com/r/personalfinance/wiki/windfall/) and they also have lots of information in that subreddit for your situation. From an investing perspective - the usual answer is the same. Talk with your ML adviser. Or talk with a different investment adviser for a second or third opinion. Investing options depend heavily on your own risk tolerance and financial situation. There is no one size-fits-all answer. If capital preservation and lower risk tolerance is a goal - then the usual answer is to move into an income producing portfolio. There are lots of ways to do this - including self-managed options using bond fund ladders of varying credit quality and duration. If you have experience and depending on the makeup of the portfolio - you can implement option collars, risk reversals, etc. to generate income. If you want to slowly diversify the portfolio - you can slowly ladder collars or covered calls to reduce the delta of the portfolio. You can use a PAL against the portfolio, etc. etc.
If you have $10m in Schwab you can get a PAL at 5.73%, which is pretty good but nowhere close to 1-2%
A lot of ways but easiest is create a PAL.
Robinhood probably isn't the best broker to do something like this. Normally, borrowers would use a broker that provides PAL's or SBLOC services. Or brokers that provide better rates via box spreads in portfolio margin accounts. RH doesn't offer portfolio margin services like other more mature brokers.
I just pay for it with CASH PAL
No - a PAL is similar to an SBLOC - it's a type of SBLOC offered through brokers like Schwab.
PAL, as in a payday loan with 28% interest? How would that be helpful when SBLOC’s are 6% or lower?
You can do something like that with a PAL. There should be brokers out there that let you do that. Recently discussed in this subreddit here: [https://www.reddit.com/r/investing/comments/1irj3fi/best\_sbloc\_rates\_right\_now/](https://www.reddit.com/r/investing/comments/1irj3fi/best_sbloc_rates_right_now/) and [https://www.reddit.com/r/investing/comments/1m5si3u/looking\_for\_sbloc\_rates\_banks\_to\_consider\_for/](https://www.reddit.com/r/investing/comments/1m5si3u/looking_for_sbloc_rates_banks_to_consider_for/)
My cost basis is $44. 3% movement is a daily occurrence PAL
What's a PAL and why should we know what it is to pass sensible gun control?
You been paying attention to the new minister who does not even know what a PAL is ? This is the guy that is going to oversee the the firearms regs in Canada This is the same liberal bunch that put the black rifle coffee company on the prohibited firearms list. The only thing embarrassing in all this is that I am even entertaining you on this by replying . Save the retort
Any margin call would be relative to the investments that you hold. Are you referring to doing a loan via a PAL or using a box spread loan? Each will likely have different pros/cons and it's also going to be broker specific. A 5-15% withdrawal should be reasonable. But it would depend very heavily on the volatility of your existing portfolio.
A pledged asset line of credit would have a lower interest rate than margin - that's another way to borrow against your portfolio. Last time I looked the interest for a PAL was around 10%. Generally margin is if the money you borrow stays in the brokerage (i.e. you use it to buy securities at the same brokerage) and PAL is for taking cash out of the brokerage for something else (real estate, starting a business, etc). And borrowing 5-15% of portfolio should be ok, they may give you a higher leeway than that, like 50% but it's not a good idea to get close to the borrowing limit they give you. A good rule of thumb is probably to stay below half of the borrowing limit they give you. So if they'll let you borrow up to 50% the value of your portfolio, don't borrow more than 25%. That way the market would have to tank by 50% for your loan to get called, and that's very unlikely to happen. You need to do a calculation comparing the interest you would pay *on the full amount* you need to borrow over the time period you need to borrow vs the tax you would pay *only on the capital gains*. Just to be sure borrowing is really the better option.
That works if you have enough in a taxable brokerage account! I don't think they'll let you set up a PAL with a retirement account though.
NO MORE MR NICE GUY PAL 
Also [incorrect.](https://www.pcmag.com/news/nintendo-switch-2-price-cheaper-cost-in-japan-but-theres-a-catch) One model will be exclusive to Japan and region locked to prevent scalpers. There is no region lock for the rest of them. This is quite different from the old region locked days that separated PAL, PAL/E, NSTC U/C, and NSTC-J.
There's a pretty big difference between 10% and 7% + the average dividend of 1.6%, PAL. Especially because the market is now dominated by non-dividend paying stocks. Or dividend paying-in-name-only just so they can be included in Dividend Mutual Funds. (As ridiculous as that is). This wasn't the case back before the 90s. Pardon my precision.
I would probably sell the stuff I like the least or that I think would have the chance of the lowest returns in the near future. Somewhat tax agnostic there. Or if you can see if the firm either will lend the money or has a preferred lender (which is common in professional service firms). Or you can look at a SBLOC/PAL (not margin loan). As it seems like some brokerages (Schwab) will do about 80-100 bps over SOFR. Or there are short box trades. But this is assuming you have enough equity in the portfolio to get a big enough line for the buy in.
I believe that bolsrfuk HOW U LIKE DEM APPLES PAL?
yo buddy either show those puts, or put the fucking fries in the bag PAL BRO
I have 4.8mm in a PAL, not margin actually. And I also have 2.5mm in private equity, and i used the PAL to buy a 1mm house cash as well. My plan is to run this up for a year, then pay it all back. My PAL is locked in at 2.7% until end of 2026
Rental PAL aren’t in the same tax bucket as dividends. So , they wouldn’t offset… If you sell a rental, you can tap into the PAl (offset depreciation recapture, for example)
r/stocks banned me for comparing memecoin performance to "blue chip stocks" over every major downturn the past couple of years and I think some of the mods over there actually thought I cared or something? Lmao or at least thought I was doing something other than pissing my pants in laughter every time they sent me another message like, "HEY! IM WARNIN YOU PAL! KEEP CRYPTO OFF THE SUB!" 💀
Long story actually. My total portfolio is about 11mm, but about 3mm of that is in PE. Plus using the buy, borrow, die strategy, plus being a moron. PE investments don't count as assets to borrow against unfortunately. And it's not actually margin, it's a PAL loan, mixed with a loan I took out to buy a house 1 month ago lol.. Locked in at 2.7% for 2 more years and didn't seem like a risk at the time when my stocks were worth 9.6mm lol. But the short answer is just greed and stupidity.
Yup I asked the question on Reddit about selling back in mid January when the real tariffs talks were going on, I was told I was an idiot and that the stock prices already factored it in. And also that there is no way I could time the market. Glad I didn't listen...sold everything and sitting on cash now since beginning of February when things started to get shaky in the market. It is like sitting in a boat with a motor that won't run and making your way to a waterfall...I'm jumping ship and swimming to shore, I'm not taking the ride down! I solidified all my major gains from last year and prior, thanks Joe! I also sold some other major assets and am just sitting on cash. This is a manufactured covid2.0 to the market, except Trump is tanking the US economy to the benefit of Russia. I am currently educating myself on investing overseas and weapons development, also watching select Canadian companies once the Trumps tariffs kick in. Will I time the bottom? Nope...but we're falling now...and once we start to see a bright side of the tunnel then I'll maybe reconsider investing in US stocks again. Thanks to Trump I have my PAL/RPAL and my house is now armed and many other people in my area are as well.
It's bad enough that I believe all provincial liquor boards have pulled American liquor from store shelves. Even unsold American produce is starting to rot on grocery store shelves because Canadians don't want to send any money to the United States. Packaged American products are being turned backwards or upside-down by shoppers to indicate the product is American and to avoid like the plague. But the sure sign that the United States has screwed up royally is that many weapons safety training courses are now booked solid for at least a month. This is a necessary step to obtain a national Possession and Acquisition Licence (PAL) required to purchase a firearm. If the United States tries to invade Canada, Canadians will be out for blood. You'll be facing a guerilla war in both Canada and the United States from an enemy who looks and talks just like you. You bastards stabbed us in the back. We're not forgetting this betrayal any time soon.
that's great. how big is the approved amt for the PAL? what's the ballpark size of your assets with Schwab?
Ah yes, in Sleepy Joe days I would walk by the Wendy's and see my local Bear fishing for scraps in the dumpster. I would yell BER R FUKT every time I saw him. HOW'S THAT BLACK SWAN COMING ALONG PAL? Yesterday, he pulled up in his new Lambo drop top wearing a Zegna suit and offered me a free ride behind the same dumpster if he let me have my ass for $5000 Man how times change 
MMs: oh you think the market should go down? We’ll see about that. PAL.
My wife and her friends just got their PAL and have started coming to range with us, kinda cute to see because they typically hate our guns
Humanoid robotics is one of the few things that has exponential growth ahead. in humanoid robotics Here are some leading companies in humanoid robotics: - **Boston Dynamics**: Known for advanced robots like Atlas, excelling in mobility and industrial applications - **Agility Robotics**: Creator of Digit, a bipedal robot designed for warehouse and industrial tasks - **Figure AI**: Focused on autonomous humanoid robots for logistics and manufacturing, with innovations like Figure - **Apptronik**: Developer of Apollo, a versatile robot for collaborative tasks in industries like logistics and healthcare - **UBTECH Robotics**: Offers robots like WalkerX for mobility and Cruzr for service industries - **PAL Robotics**: Builds customizable robots like TALOS and ARI for industrial and social applications. - **Tesla**: Developing Optimus, aimed at automating repetitive tasks in factories The market is rapidly growing due to advancements in AI, robotics engineering, and affordability, with applications spanning healthcare, manufacturing, logistics, and entertainment
In the grand scheme of things and historically speaking 7.5% isn’t that bad - the average mortgage rate in 1981 was over 18% and it only came don’t to sub 10% in the 90’s. If I were you I would think about shopping around - you can get things like helocs and PAL’s which are lower than you’re paying and use that to pay down the mortgage.
Yep, but I’m likely going for a PAL which is sub 5% and has virtually no costs associated with is vs closing costs, appraisal m, escrow etc etc.
99%. I keep most in stocks with less than 10% in real estate via my primary home. I keep $30k in cash and when things go crazy and I need more I'll pull from my Loan Margin Account (LMA) which Schwab calls a Pledged Asset Line (PAL) for SOFR +1%. I'll use the money and then I pay the asset line down. Either slowly via income or I sell stocks when it's tax advantageous.
Not your dude, PAL. Lol I know, I actually finally started understanding how the options market can drive price action. It’s a good thing to use.
yea Wall Street 1987 I think was the best overall. MONEY NEVER SLEEPS PAL! I just made 700 thousand Hong Kong gold it's been wired to you...
Fear monger this PAL! I bought my Toilet Paper at Costco in anticipation of exactly this….💩
the most critical part is flexibility- let's say you need 500k right now. you have to file paperwork to maybe get a loan against future payments. with your own account, just do a box spread or PAL. when you eventually reach your longevity age, your assets will be passed down to your spouse, and then your kids. these are known and concrete events. there's absolutely no guesswork involved AND these assets will continue to snowball out of control. now, if you don't know anything about stocks, pensions are fantastic as they'll force you to save. but at the end of the day, i have total control over my investments in VTI and will gladly take on my 10% CAGR. i have no idea what the hell is going inside a pension managed by someone else
!banbet I’M THAT GUY PAL
It's a challenge for sure. I hope over time advisors will start to comprehend it. 😅 We generally tell advisors that using box spreads meaning: 1. better rates than bank options like Schwab PAL, 2. advisors don't need to deal the annoying paperwork of pledged accounts. Sometimes 2 resonates more than 1.
I'm actually not sure if your scenario is possible. If you don't have cash in the account, I don't know of any broker that will let you withdraw cash. There are brokers that offer PAL services. These are pledge asset loans. And they work differently.
That could be from an older term PAL with a fixed rate. I would be really surprised if that's a current rate.
Minimum account equity for pm is about 125k at most brokers. The FINRA minimum is 100k. Running your own cc's on SPY, /es, or SPX should produce similar collateral. >... he gets super low loan interest rates by having pledged accounts ... Is your goal to also be able to use a PAL? I don't have access to a PAL - what type of rates are you seeing? When I looked in the past - it looked like it was about SOFR + 4%. That doesn't really seem very low to me.
Their PAL offering is enticing but are there others that offer similar rates? Currently at 70% of my portfolio.
I took the rating seriously and bought 1000 shares. I'M WATCHING YOU PAL!
Siri is the most obvious one. It was developed as part of the DARPA's "PAL" project, and a commercialized variant of it was then sold by the DARPA to Apple. The click wheel, the defining feature of their iPods, was invented by CERN in the 70s. Multi-touch screens were invented by the Royal Radar Establishment.
> in reality tho recently there's only been 1 major issue . maybe you can try reading again ? I know it's hard but this time you got it PAL !
I feel like maybe *being American* might be more American than a culinary preference at a local Bodega but HEY I'M WALKIN HERE PAL
Bro, it went down 50% on no news. NOTHIGN, not a fucking dipshit CEO grifter fucking over his share holders taht saved his company. HUGE DIFFERENCE PAL. But, by all means buy my calls. I need to make money and get my investment back. This shit's wild indeed kitty.