Portfolio borrowing.

LIQUIDITY · WITHOUT SELLING

Unlock cash at institutional rates without selling — and without interrupting compounding.

Is a short box spread the right way to borrow against your portfolio?

It's economically similar to margin borrowing against your investment portfolio, but with rates near Treasury yields and no periodic interest payments: Structurally it is a short SPX box spread.

It can lower adjusted gross income (AGI) in a way SBLOC and standard margin can't: the implied interest recognizes annually as a capital loss on your Schwab 1099-B (60% LT capital loss / 40% ST capital under IRC §1256).

Estimate for borrowing purposes as of July 2026. Excludes advisory fees ≤ 1% per year. Actual implied interest rate may vary depending on market conditions. Tax deductibility depends on your capital gains profile each year.

Our role as fiduciary is to match one of the many sub-advisors we work with to your needs and desired service level.

Pair with stock hedging for protection alongside liquidity.