If you've built significant wealth in your investment portfolio, you may have more flexibility than you think.

In this episode, Emily Harper, CFP(R) joins the show to talk about how borrowing against your portfolio actually works—including margin loans and pledged asset lines of credit (PALs)—and why many high-net-worth investors use them as strategic tools for liquidity and tax planning.

We cover when these strategies can make sense, where the risks lie, and what to consider before tapping your portfolio for cash. From managing short-term cash needs to avoiding unnecessary portfolio sales, this conversation is all about using your wealth intentionally and keeping your options open.

Have a question you'd like us to answer on a future episode? Email us at [email protected].

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures

Episode Timeline/Key Highlights:

0:00 — Reason to borrow from your portfolio

1:50 — Tax-aware reasons investors choose borrowing over selling

4:20 — Real-world cash flow situations where this actually matters

6:55 — Margin basics: how it works and common use cases

10:40 — Margin risks, interest costs, and forced-sale scenarios

14:45 — Pledged asset lines explained and how they differ from margin

18:10 — Rates, spreads, pricing power, and trade-offs

24:20 — Planning payments, payoff strategy, and optionality going forward

Connect with Monument Wealth Management:

Visit our website: https://monumentwealthmanagement.com/

Follow us on Instagram: https://www.instagram.com/monumentwealth/#

Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/

Connect on Facebook: https://www.facebook.com/MonumentWealthManagement

Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit

Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/

Check out our Between Sips Podcast: Where Money Meets Meaning

Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/

About "Off the Wall":

Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic.

Learn more about our hosts on our website at https://monumentwealthmanagement.com