Inferential distance? Or simply knowledge distance.
You lose me at “With portfolio margin”. You’re talking about financial instruments that, so I understand, you have a lot of professional experience in using, but I know nothing about these things. I googled “box spread financing”, and it turns out to be a complicated instrument involving four separate options that, I’m still not sure what the purpose is. No criticism of yourself intended, but if a complete stranger started talking to me about box spread financing, despite it being a real thing I’d assume they were touting a scam. I don’t know what “withdrawing excess “equity” from my margin account” means, nor the quote from Goldman Sachs (which would not come to my attention anyway).
And personally, I’m in the UK and a lot of what you’re talking about is US-specific, but I can’t even tell which parts are and which aren’t. CD? FDIC? I do not know of a UK bank offering more than derisory interest on a savings account (typically 0.01% for instant access, 0.35% if you never withdraw money), but perhaps the banks I know of (retail banks) are not the sort of banks you’re talking about. The Wikipedia page for Goldman Sachs suggests it is not involved in retail banking.
Inferential distance? Or simply knowledge distance.
You lose me at “With portfolio margin”. You’re talking about financial instruments that, so I understand, you have a lot of professional experience in using, but I know nothing about these things. I googled “box spread financing”, and it turns out to be a complicated instrument involving four separate options that, I’m still not sure what the purpose is. No criticism of yourself intended, but if a complete stranger started talking to me about box spread financing, despite it being a real thing I’d assume they were touting a scam. I don’t know what “withdrawing excess “equity” from my margin account” means, nor the quote from Goldman Sachs (which would not come to my attention anyway).
And personally, I’m in the UK and a lot of what you’re talking about is US-specific, but I can’t even tell which parts are and which aren’t. CD? FDIC? I do not know of a UK bank offering more than derisory interest on a savings account (typically 0.01% for instant access, 0.35% if you never withdraw money), but perhaps the banks I know of (retail banks) are not the sort of banks you’re talking about. The Wikipedia page for Goldman Sachs suggests it is not involved in retail banking.