Thank you for all your help. I took your course on SBLOC I started to use it in the last 2 months and transferred my portfolio to IBKR. IBKR has the best rates. I’m already quite bit up.
@gustavavodiaz4689 Following because I'm seriously considering the same and a transfer to I KR is the next move. You're a step ahead. Feel free to check back on this comment thread to share any experiences you're having on your journey! Good luck to all!
Do you have a video (either on RUclips or one of you courses) that looks more specifically at where and with who to invest the proceeds of an SBLOC? Obviously it could go anywhere, but you've talked a bit about where you personally invest. That info would be very helpful. Thx!
My current SBLOC interest rate is 7.25% or prime- 1.35% I’m cool with this on m1 and I’ll probably never switch because of the low $2,000 barrier of entry
7:47 oh please 20% roi investments are easy for an average joe, bank bonuses, example: deposit 10,000 keep it in a new account for 3 months and get $500-181.25= 12.93% rate of return pre tax interest or effective 20.28% rate of return with relatively 0 risk before tax deductible 🤷🏾♂️
Another informative video with sage advice. Noob question: What's the portfolio balance threshold for acquiring a SBLOC. I realize there are variables like what the loan will be used for, dividends in the portfolio, a 50 percent valie cushion needed just in case, etc..., but is there a minimum value amount?my guess is $100k.
Your videos are great thank you. Please keep them coming. Do you think its a good idea too liquidate my 401k to buy another rental property. I stopped contributing a good while ago and wanted to do something with the money.
What are your thoughts on using an SBLOC to withdraw in a different currency? I realize this introduces forex risk, but I notice, for example, that the IBKR interest rates for borrowing in CHF appear to be significantly lower. than for USD.
Major difference, in a 401k loan, your assets do not remain invested, in an SBLOC they do. So your 401k basically has just switched asset allocation to a bond in the size of the loan with you as the counterparty.
I am trying to do SBLOCK with IBKR. Moved my stock there. Have a pro account. My available funds shows but when to do the withdrawal, the money available to withdraw is ridiculousmy low. Is there something I missed?
I called Interactive Brokers… spoke to their client care, then supervisor, then their trade desk, then their margin team. They said they do NOT do SBLOC’s…. Just accept a margin loan. Do you have a margin loan or something else?
Here's my criticism of this strategy why don't you just leverage your stock portfolio 2 to 1 especially with options Why go through the hassle of trying to find another investment
Winsmith is a legend
Already one of the GOAT financial RUclipsrs
Thank you for all your help. I took your course on SBLOC I started to use it in the last 2 months and transferred my portfolio to IBKR. IBKR has the best rates. I’m already quite bit up.
Maybe next time I'll finish watching the video before I ask my questions. Thank you for pointing us in the right direction
@gustavavodiaz4689 Following because I'm seriously considering the same and a transfer to I KR is the next move. You're a step ahead. Feel free to check back on this comment thread to share any experiences you're having on your journey! Good luck to all!
I watch all your videos but never comment. I appreciate your content immensely. Thanks!
I plan to use buy borrow die in my real estate portfolio
Do you have a video (either on RUclips or one of you courses) that looks more specifically at where and with who to invest the proceeds of an SBLOC? Obviously it could go anywhere, but you've talked a bit about where you personally invest. That info would be very helpful. Thx!
Great stuff. Very impressive. I do find myself having trouble understanding how some ideas work and how to actually use the idea.
Thank you for the info. Can you tell us two Co's that you consider to be quality brokerages ?
My current SBLOC interest rate is 7.25% or prime- 1.35% I’m cool with this on m1 and I’ll probably never switch because of the low $2,000 barrier of entry
thanks a lot for the video. That will be great if you can expand more about how sbloc tax deductible calculation works here. Thanks in advance.
Thank you for your work. Please explain the Debt vs debt free aspects of rental properties. Is the income debt free because of the mortgage?
7:47 oh please 20% roi investments are easy for an average joe, bank bonuses, example: deposit 10,000 keep it in a new account for 3 months and get $500-181.25= 12.93% rate of return pre tax interest or effective 20.28% rate of return with relatively 0 risk before tax deductible 🤷🏾♂️
Another informative video with sage advice. Noob question: What's the portfolio balance threshold for acquiring a SBLOC. I realize there are variables like what the loan will be used for, dividends in the portfolio, a 50 percent valie cushion needed just in case, etc..., but is there a minimum value amount?my guess is $100k.
Thanks for all your wisdom
Thanks for your content!
Your videos are great thank you. Please keep them coming. Do you think its a good idea too liquidate my 401k to buy another rental property. I stopped contributing a good while ago and wanted to do something with the money.
What are your thoughts on using an SBLOC to withdraw in a different currency? I realize this introduces forex risk, but I notice, for example, that the IBKR interest rates for borrowing in CHF appear to be significantly lower. than for USD.
SBLOC reminds me of a 401k loan. An advantage of a 401k loan is the interest paid on the loan goes back to yourself.
Major difference, in a 401k loan, your assets do not remain invested, in an SBLOC they do.
So your 401k basically has just switched asset allocation to a bond in the size of the loan with you as the counterparty.
Great info. Sub & Follow! Keep it coming!!
I am trying to do SBLOCK with IBKR. Moved my stock there. Have a pro account. My available funds shows but when to do the withdrawal, the money available to withdraw is ridiculousmy low. Is there something I missed?
I like your style... patient with us knumbskulls.
I called Interactive Brokers… spoke to their client care, then supervisor, then their trade desk, then their margin team. They said they do NOT do SBLOC’s…. Just accept a margin loan. Do you have a margin loan or something else?
Yes it’s a margin loan but your stocks are used as collateral. Even then a true SBLOC cannot be used to purchase stocks. A margin can purchase stocks.
Hey coach ❤
Etrade SBLOC rate is 9.5 right now fyi.
I wish I wasn't so lazy and I would make a response to this video
What broker has the best rate???
IBKR seems good...
Ok i wrote that early in vid
Love your channel! I want to become a client
What the heck do you invest to get 20% average return? Kathie Wood?
I think you're gonna be careful with this and if you don't back up your portfolio with puts you could have a very rough day If the market drops 50%
Here's my criticism of this strategy why don't you just leverage your stock portfolio 2 to 1 especially with options Why go through the hassle of trying to find another investment
And you might say that stocks are volatile and can crash well that's why you buy puts