What Is A PAL? Pledged Asset Line Explained: In this video, Bob Powell and Amy Shepard from Sensible Money answer the question: “What Is A PAL?” A pledged asset line (PAL) is a line of credit through Charles Schwab (or other brokerage firms) that allows you to borrow against brokerage assets, without having to liquidate investments. It has some similarities to a HELOC in the sense that you can borrow against your home equity without having to sell your house. It’s also an ongoing credit line that can be used over and over rather than a one-time loan with set terms. Watch more videos on FinStream TV featuring Amy Shepard at this link: https://www.finstream.tv/featured/amy-shepard/
Featuring: Amy Shepard
Categories: Investing