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Re: A deleted message

Friday, 11/13/2009 11:06:56 PM

Friday, November 13, 2009 11:06:56 PM

Post# of 111729
It is 3 days to re-fund the account (or sometimes referred to as settling). If you have owned the stock for more than 3 days, some brokers will fund as soon as 15 mins after the sell.

If you have other funds, you can get right back in. You just can't use the same funds for 3 days. If you have margin stocks, some brokers will fund immediately.

The only benefit of selling on Dec 31 and buying back in on Jan 2 is to take a tax loss.




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