Re: Funds Settlement question
This question is hard to answer... usually if you hold a stock for over 3 days your broker will allow you to use those funds to buy.... but not always... and dang if I can figure out the deal... If you buy a stock and haven't held it for at least 3 days they will always make you wait until funds are settled to make the funds available to you.... I had transfered funds Friday expecting them to go into my brokrage acct today before open... dang holidays... didn't happen ... So I sold (at a loss) a stock I had been holding several days (well over 3) expecting to be able to use those funds to purchase a bargin basement special I don't think I will see again for a long long time... but they didn't make the funds available to me.... may have been the end of the year?
It is just a hard question to answer.... and like Mike said the solution is a margin account.... just have to have discipline!
a signature will be here again one day