4 ms·
this may be a nit, but unless the $30k is in a cash-equivalent like money market wouldn't you have to wait 3 days for settlement of whatever was sold for that $
by muzz 13y ago
this may be a nit, but unless the $30k is in a cash-equivalent like money market wouldn't you have to wait 3 days for settlement of whatever was sold for that $30k?
- patio11 13y agoIt depends on a bunch of factors. For the type of folks I'm imagining, that won't be a problem for them. Think "margin." Not only do they not need to wait 3 days to receive the $30k they might never have to sell anything for it at all.
- adventured 13y agoA lot of brokerages will hook banking features up to your trading account, such that "checking" and "trading" essentially become just two parts of that account like "savings" and "checking" are for most standard bank accounts. You do typically still have to wait X time for settlement, but if you have margin or cash in your main account (which can also be put into action trading immediately), you can tap into that via a checkcard or similar.