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Saturday, September 03, 2022 7:35:16 PM
What broker account?
I switched over like a frightened school girl.
Little at first and was in fear when I sold some that funds would be on hold for a few days, but I guess even though it is OTC, my other holdings act as collateral and the money was instantly available. I do have a margin account in E-Trade and TDAmeritrade. Worked for me in both.
I figure switch over if you can and little at first to test the waters. Maybe even call first and ask. It's not like I had major position to switch like a whale, but still was nervous. They both are so liquid, it was an easy switch.
Little at a time with a limit order just below bid to make sure it sells. Then calculate and put a limit order above the ask. Went right through. Even with commissions, I ended up with more shares after the switch. I guess the day I did it FNMA was 2 pennies higher than FMCC, so I ended up with more.
I hope that helps.
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