Securities lending

I turned it on when Swissquote started offering securities lending a couple of months ago.

I made a total of CHF 2.10 on the equivalent of USD 11’308 of a security lent out for 31 days and the equivalent of EUR 5107.2 of another security lent out for 8 days.
Swissquote took a commission of CHF 1.40 (sic!) and another CHF 0.11 was substracted for VAT.

This left me with a whopping net profit of CHF 0.59.
I look forward to paying tax on that profit.*

If this scheme continues to compensate me so well I plan on living off it in the not too far off future.


* At the nice high tax bracket I’m in.

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