Has the pandemic and your work from home experience made you think of any new products/services that should exist?
👤 pbk1 Accepted Answer ✓
Broader access to securities-based lending (NOT margin). Hearing a lot of people selling parts of their portfolios to fund themselves or their families during the crisis, obviously this is a very inopportune time to be liquidating. Would be a lot better if they paid a fairly nominal interest rate (2-4%) to fund their short term demands instead of being forced to sell to generate cash. Not advising people people take loans against >50% of their nest egg.