For instance say I have an account of $25k. If I have $25k in Amazon stock, sell it and buy $25k of Apple stock the same day (before the funds from the Amazon stock have settled) do I pay interest on the margin account (of $25k) until the funds are settled from the Amazon trade? I am not asking about a specific broker, I am researching different brokers and how they work at this point, so a general understanding of this principle is needed (not specifics of a broker or formulas). Thanks.
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Sunday, August 18, 2019
[ Investing ] Open Question : How does a broker calculate margin interest when you buy, sell and rebuy before funds are settled?
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Hello, my name is Kamal Deka. I'm a 40 year old self-employed from India.
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