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

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

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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)

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[–] [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.