re: Diving deeper on Standard Lithium?

quote:

---

I signed up through a program called Fidelity Fully Paid Lending (as I use Fidelity as my brokerage company). Basically you are lending out shares to short sellers and earn an interest rate on that in return. I'm getting 6.25% on SLI shares right now, while Fidelity charges the short sellers probably 12%+ (you get about half of the rate they charge I think). The rate you get varies by stock, I'm getting 6.25% on SLI, 3% on NVVE, and 2% on ASTS. There aren't really any restrictions it places on your account, you can sell whenever you want, so it's pretty much like free money that you can earn. There is a lot of paperwork to fill out, but it only took me about a week or so to get enrolled. They do have some restrictions on what account types and $ thresholds are eligible. HSA's and 401K's are not eligible while IRA's and brokerage accounts are. I think your brokerage account has to have >$250K balance to be eligible.

---