PatD100, That's good advice for someone who has a regular account with TD Ameritrade. In my case, I'm trading out of an Apex Level, tax free Roth IRA account. The tax free advantage of this account for me outweighs the advantages of switching to another type of account.
I think I did know about this three day hold rule on ACH deposits and then just forgot about it because trading right away with just transfered money, usually wasn't necessary. A lot of times, like you said, I have sold stock already in the account for funds to buy another stock. You just don't think about it.
Not anymore though, because I've got a small sign taped up above the computer as a reminder and nearby theres a file folder with wire transfer instructions for my bank and an IRA deposit form that's faxed to TD Ameritrade.
Thanks for your advice, PatD. I'm sure your information will be helpful to many investors reading this board.
Any opinions expressed by flsunchaser are intended solely for the purpose of providing investors with a guideline. No investment idea is guaranteed to be right and all ideas are subject to high risk. Investors should do their own homework.
