04-13-2021, 06:11 PM
(04-13-2021, 11:09 AM)fenders53 Wrote:(04-13-2021, 11:03 AM)rayray Wrote: Well, I just got the email. Apparently it's my IPOE stock, they want to lend it out and pay me 18.75% per month. I know the brokers get over 30%, maybe close to 40%.
Maybe they are tightening up on the imaginary short shares? Sounds lucrative for you.
just got off the phone with fidelity, it's like getting a monthly dividend on a non-dividend paying stock
it can be for
a) voting rights
b) shorting
i thought there was a third one but i forget--i got my moderna shot today and i'm tired
it comes to
(amount) x .1875/360
for example
20 000 x .1875 = 3750
3750/360 = 10.4166
10.4166 x 30 = 312.5 every 30 days