Personal Finance Canada

1184 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago

MODERATORS

[email protected]

Thoughts on Wealthsimple's Stock Lending? (www.wealthsimple.com)

submitted 1 year ago by [email protected] to c/[email protected]

1 comments fedilink hide all child comments

Wealthsimple recently opened stock lending. I had never heard of it before, but it sounds interesting - you only have potential upside (with the only real downside being your money isn't covered by CIPF if something goes wrong)

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

While there is a cash collateral, there is still supposedly a risk if the borrower doesn't return your stock. I've had it for a few years with interactive brokers, it doesn't bring much money in, but that's still a few more cents here and there.