 This is smart. What's up, Money Geeks? Mr. V here. Welcome to another video, guys. So in today's video, we're going to be looking at something new, something exciting. We're going to be looking at stock lending program. That might sound crazy to you. You're probably thinking like, Mr. V, okay, we've talked about different ways of making money or generating income here on the channel. Talk about side hustle. Talk about investing in the stock market. Talk about investing in dividend stocks that pay you monthly or quarterly dividends. All those are ways of making some extra money. But this is another way that I just kind of stumble on it. And this is specific for Weibo. So if you have the Weibo app and you have stocks in Weibo that you have bought and holding long term, this applies to you. This is specifically for you. I don't know if the other brokers do have this particular program. I'm going to do some research, but as of right now, I haven't done any research yet. So the program again is called the stock lending program. So basically, if you own stocks that you're holding for long term, let's say one year, two year, three years, those stocks, you can actually lend them out and actually make money and make either monthly income from lending your stocks out. So the way it works is you would give out your stocks and then they would calculate your monthly income based on the price of this stock, based on the quantity of the stocks and then the interest rate. And then that's how much you're going to be getting paid. So let's jump into the app and actually walk through it and read some of the frequently asked questions and just understand it. So if it's something that you want to you want to really get into. So let's open up Weibo here. So once you get into Weibo, what you want to go is under the app. If you go to more and then scroll down, you would see where it says stock lending program. So if you click on stock lending program, so basically this program is open to anybody that has a Weibo account that has stocks that they've paid for fully and by paying for fully means if you have a cash account when you buy a stock, you've paid for that stock fully. So you own the stock and then if you're keeping it, you can actually just, you know, learn about that stock and make money. So let's read through this. So again, you start to say stock lending income program earn extra income from fully paid stocks in your account. Guys, again, like I said, this is specifically for Weibo. So it says so I'm reading directly from Weibo.com. So what is the stock lending program? It says the stock lending income program provides you with the opportunity to earn extra income on fully paid stocks held in your account by allowing Weibo to borrow certain stocks, keyword certain stocks. So it means they're not borrowing every stock. So even if we have certain stocks, they're probably like, Nope, that stock is not good enough for us to borrow it while your shares are on loan, you will be paid an income that is accrued daily and accredited to you and credited to your account on a monthly basis, which is interesting. So here, if you look at the image here, Weibo would borrow stocks from you, lend it out to somebody. That person would pay them interest and then they'll take that interest, take their cut and then give you a share of it. So that's just pretty much the way it works. So Weibo is acting as kind of like a third party here lending out your stock. So before we actually jump into the details, guys, if you're new to the channel, we talk about how to earn money, how to save money and how to invest and build wealth. So if that's something that really interests you, go ahead and hit that subscribe button and the notification bell so you don't miss out on new content. So my understanding of this and which Weibo didn't really explain here is how those stocks are actually being used. So when you say you lend out your stocks, my interpretation is that they take those stocks and use those as collateral for somebody to either borrow money or use them, maybe an emerging account or something. I'm thinking that is used as collateral. That is my interpretation. So if you have, let's say, have $10,000 of, let's say, some stock in your account and they borrow those stocks and then they give it to somebody. That person can say, hey, look at this. I have $10,000 in these stocks. So give me money. I can use it. Maybe they can use it to trade or whatever. Again, that's just my interpretation. Weibo doesn't really explain how the stocks are being used here. So let's look at some of the benefits of the stock lending income program for Weibo. So number one, again, it's extra income for you. So you would immediately begin earning income on any shares that are lent out, which is awesome. Earnings are accrued on a daily basis, but they're paid monthly. So as I said, yeah, that is fully collateralized. So when the lending transactions takes place, our clearing firm will hold the collateral for you to secure the amount of the loan. So which is awesome. It looks like they're not messing around here. And then there's no restriction. You can participate in this program regardless of your account type, the amount of equity in your account. So when they say account type, either if it's a margin account or it's a cash account, you can participate equity in your account. So if you have 10, 15, 20, 30, 40, 50 dollars, you can totally participate. So there's no restriction, which is great. So there's no limitation. I like that and then easy and automated. So you don't really have to do any manual work. Once you sign up for the program, they'll just scoop right in, take the stocks, loan them out, and you pay your interest. So now I'm pretty sure you guys have all the questions that I did ask myself when I just started about it. So how do they calculate the income? So let's read it right here. So if we look at the example here, you see the income, the way it's calculated is number of shares times the price of the stock times the interest and then divide that by 360. That's how you get it. Again, number of shares and the price of the stock times the percentage divided by 360 would give you the amount of interest that you would get paid, which is awesome. And then next question here, can I sell my stocks if they were loaned out? Which is a question that I was asking myself too. So let's look at the answer. There are no trading restrictions on stocks that are lent out. You can sell your stocks at any time just as you would if they were, if they weren't on loan, which is awesome. However, selling of stocks on loan will terminate the loan, which is fine. So let's say you bought $10,000 worth of, let's say, stock XYZ and the price went up to $15,000 or $20,000 and you had loaned out the stocks and it went up, let's say it went up to $20,000 and you want to sell it and take that profit. You can just go into your account and hit sell without having to tell them like, hey, I need my stocks back so I can sell them. You can just sell them and that's it. But at that point when you sell it, they'll terminate your loan and then they'll pay you whatever interest had a crew from the time we're using it at the end of the month and you move on, which is awesome. So now, how can I view my stocks that were loaned and check my income? So let's check number one. It says any stock on loan will be visible in your account on the position page with a loan notification. So they'll have a designation of loan to wait to tell you that that stock is actually loaned out, which is awesome. The details of your security on loan will be reflected on the related position detail page, okay? Which is good. Additionally, you will be sent trade confirmation on lending activities conducted in your account. That's sweet. So when they do any lending activities, you get some sort of confirmation to let you know what's going on. And last but not the least, can I receive dividends from stocks which were loaned? Okay, let's see. That's a very interesting question because if you are missing out on dividends and that's an issue. So let's see. Cash distribution paid on securities on loan and the stock lending income program will be credited to your Weibo account in the form of the cash in little payment. Okay, so you still get payment, but not just like dividends. Receipt of cash in little payments may have different taxable consequences than receipt of actual dividends from the issuer. So you still get paid, but there is some nuances when it comes to your taxes. So there you go, guys. If you're reading these questions and looking at the benefit of this, I think this is a program that's going to change the way people invest. Because if I'm investing for long term, I don't plan on selling my stocks for two, three, four, five, six, seven, eight, nine, 10 years and these stocks are growing. I'm getting my dividends as I would expect them and I'm getting growth and then I'm getting extra income for lending out those stocks. I think it's a fabulous program. I'm definitely going to give it a shot. I'm going to do a video before and after. Maybe do a one month and see how I did, how much income I made and then I'll do another video and post it out here for you guys. So if you want to definitely try this, I'm going to put a link to the Weibo app in the description below. Definitely just for transparency, I'm going to fill it with Weibo. So if you click that link, you get two stocks, not one, two stocks free in your account for just signing up and depositing $100 to get you started. And so definitely take advantage of that and also check out the stock lending program. Do you think, hey, Mr. V, this is crazy. I'm not sure if my stocks are going to be secure or do you think, whoa, this is double dipping. Not only am I buying my stocks and getting that growth and getting dividends, but yet I'm making interest on my stocks. So that's like triple dipping. So growth, dividends and an interest. Wow, I'm loving it. So let me know what you guys think about this program. Guys, I think it's a fabulous program. Like I said, I haven't tried it actually, but I'm going to sign up and try it and see how it works. So yeah, again, just a reminder, link to Weibo in the description below. If you sign up, you get two stocks, not one. Again, guys, two to get you started. So that's it for this video. If you have any questions, definitely don't hesitate to reach out and just let me know. And also don't hesitate to drop your comments below and just tell me what you think about this program. And as always guys, stay motivated.