You’ve probably heard of margin loans, but do you know about investment lines of credit (ICLs)? Like margin loans, ICLs are backed by the assets in your portfolio but are used for non-securities investmentsmeaning you can’t use them to buy stocks and bonds. In my experience, ICLs also tend to be cheaper and offer higher loans relative to account value.
See Also: Kiplinger’s Interest Rate Outlook
If you’ve been looking at mortgages, home equity lines of credit, or business financing, you should take a look. Depending on your personal financial situation, ICLs can offer substantial loans at amazing rates.
What’s an ICL?
Let me give you an example. I recently had a client who was looking for a line of credit for his business, which he owns with a partner. With an ICL he was able to successfully leverage one of his personal accounts to facilitate the processand the rate was substantially lower than other conventional loans he was considering.
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- [By Lisa Levin]
Here is the list of stocks going ex-dividend on Friday.
Douglas Dynamics Inc (NYSE: PLOW) – $0.2350 dividend, 2.9183 percent yield
Tiffany & Co. (NYSE: TIF) – $0.4500 dividend, 2.6758 percent yield
PulteGroup, Inc. (NYSE: PHM) – $0.0900 dividend, 1.7078 percent yield
Leidos Holdings, Inc. (NYSE: LDOS) – $0.3200 dividend, 3.0851 percent yield
Tupperware Brands Corporation (NYSE: TUP) – $0.6800 dividend, 4.1756 percent yield
Hudson Pacific Properties Inc (NYSE: HPP) – $0.2000 dividend, 2.36
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- [By Money Morning News Team]
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