Pledged Asset Line (PAL): Borrow With A Portfolio Line Of Credit

A pledged asset line or portfolio line of credit allow you to borrow against the value of your investment portfolio, typically at a low rate.

Wouldn’t it be nice if you could make better use of money tied in your investment portfolio? Maybe for an emergency or to pay down a high-interest credit card?

After all, the money is sitting there waiting for investments to appreciate or collecting dividen...