re: Diving deeper on Standard Lithium?

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Can you elaborate how you lend out shares?

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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.

My shares were loaned from October 25-29th. They have not been loaned since then.

13 is manifest destiny for today. Watch it close at 12.33

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$12.73 PM.

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Oh great, another day interrupted by watching this thing go up!

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it only took me about a week or so to get enrolled

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brokerage account has to have >$250K balance to be eligible.

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subtle brag

Thanks for the response, sounds like a great deal. Getting interest on your shares but still allowing your shares to make money

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Yeah I'm getting like $10,000 here in just a few days for the October income. Best part is the Roth lending income gets deposited straight back into my Roth accounts, tax free!

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I've got to get mine switched to Fidelity and get all that paperwork filled out. I'm an expert level procrastinator.

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We are tracking Tesla pretty closely today again.

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Wonder how many shares Elon has?

Made about $1200 in my IRA's last month on FPL. Got to pick up nearly 100 more shares.

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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.

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