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    IB no interest on first 10K rule, what do you do with the money?

    You could, but the spreads are better using an EFP.
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    EFPs & Tax consequences

    I was talking about a stock position. Lets say I own 100 shares of MSFT. To finance this position I buy an EFP, so my shares are sold and replaced by a SSF. Later on when the SSF expires I will get my 100 shares back. So my question is if this counts as a sale of the shares for tax purposes...
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    EFPs & Tax consequences

    Did anyone look into the tax implications of using EFPs? Lets say I've got a long term position. Could I finance that position for a period of time using an EFP and still keep its long term status? Or would it be considered a sale?
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    U.S. Dollar Depreciation: What Are You Doing To Compensate For The Fall of The USD?

    Bought Yen.
  5. T

    IB no interest on first 10K rule, what do you do with the money?

    Effective duration is only 0.35 years. Look at the price history.
  6. T

    IB no interest on first 10K rule, what do you do with the money?

    The distribution yield is 3%, which doesn't include capital gains. You'll need to look at 'Average yield to maturity'.
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    IB no interest on first 10K rule, what do you do with the money?

    If you just want to earn interest, why not buy Lehman Short Treasury Bond Fund (SHV) for your excess cash. It will give you ~5% interest. You can find the details here: http://www.ishares.com/fund_info/detail.jhtml;jsessionid=0QUT13H3CT3LURJUGRDRBGSFGRSMID50?symbol=SHV
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