Yesterday was sort of frustrating with something in one of my stock portfolios.
I have a few shares of something left on Robinhood I hadn't moved off yet.
I have a lot more of those on Fidelity. I'm holding this thing long term, and it doesn't pay dividends.
Robinhood enabled stock lending, and I get something like $0.25 ish cents a month off 50 shares. I have more than 10k shares of this on Fidelity.
I decided to see if I could do stock lending on Fidelity and make them make a few dollars a month passively since I'm planning on holding for years anyway.
Turns out that Fidelity has stock lending, but only if you have Options Tier 2 or 3, both of which have features I don't want to use.
To get either of those, I have to have Margin, something else I don't want to use.
I decide to apply for it anyway, and got approved for margin.
Yay, I can turn on Stock Lending!
Wait... they require your portfolio to be $25k or more to turn it on.
I really don't like Robinhood relative to Fidelity, but I'm very tempted to move the long term shares off, so I can get passive stock lending using them.
