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Saturday, 04/02/2011 11:11:07 PM

Saturday, April 02, 2011 11:11:07 PM

Post# of 142783
With E Trade (been with them for 14 years and they are GREAT) you can have 2 types of accounts: Either a margin or a cash account. If one has a cash account they require that when you either sell a Security or deposit $ into your account you must wait a 3 day period b4 the funds are available/ "Settle". If you have a margin account you have access to the funds immediately after doing a online cash transfer to your account (up to the current balance in your account) or if you sell a Security you also have immediate access to the funds for reinvesting. One can change their account status to a margin account status with ET anytime even if they do not meet the $2000.00 minimum requirement for margin trading. Example, you can have a margin account and not be able to trade on margin if the balance is below $2000.00 but yet your funds are available immediately to reinvest in other stocks even if your account balance is below the $2000.00 minimum equity requirement. Hope that makes sense. Sometimes many of you may think that your funds are not avail after a sale (as they are not) but it is just a matter of switching your account to a margin account "Status" which means nothing other than the fact that your funds will be available immediately to reinvest in another Security. Hope this makes sense.