How long does it take to get money when investing in stock?
Like when you invest in stock online...how does it work, like when your stock sells, when do you get your cash?
Stock best answer:
Answer by Alvie
To buy and sell stocks, you need to open an online account at a brokerage and deposit some of your money there. And then it takes up to 3 business days to settle the money in your account, each time you buy and sell stocks.
But if you open a margin account where you can borrow money from your brokerage. Then you can use borrowed money from your brokerage to continue buying and selling stocks, while you are waiting for your previous transactions to be settled.
And the thing to keep in mind is that buying and selling stocks isn't free. You have to pay a fee to your brokerage every time you buy and sell stocks. And depending on the brokerage, you might have to pay a fee for taking cash out of your account too.
Which means that you need to trade stocks with a substantial amount of money. Or else the fees from your brokerage might be greater than your profits. And you can loose money this way.
Stock
stock Dog Loves Smitten Ice Cream
Image by Lynn Friedman
Orignal From: How long does it take to get money when investing in stock? and stock Dog Loves Smitten Ice Cream
No comments:
Post a Comment