Our speaker today discussed a product that can be used to unlock money you already have! It is called a Portfolio Loan Account or PLA and it allows you to borrow against your portfolio of stocks, bonds, etc. without having to liquidate the accounts. That means you will not loose out on the money your portfolio can earn yet you can get money for the things you need now. Using your investment account as collateral for a loan or line of credit can provide liquidity for certain business or personal opportunities. The best features are that the interest rate is extremely low (lower than today’s great mortgage rates), you do not need to complete a lot of paperwork and you can receive the money fast. The PLA would be great to use for a down payment on a home purchase, to fund your child’s education or to take an amazing vacation!

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