Now that we are T+1, does that mean...

D

David Donner

Now that we are T+1, does that mean, in a cash account, if you sell a stock position in the postmarket, the next morning in the pre-market the proceeds of the sale will be available to repurchase stocks?
 
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Yes.
Microsoft Copilot said:
Yes, with the new T+1 settlement cycle, the proceeds from a stock sale will be available the next business day. This means if you sell a stock position in the post-market, the proceeds from that sale will be available the next morning in the pre-market for repurchasing stocks⁴.

The T+1 settlement cycle applies to the same securities transactions covered by the previous T+2 settlement cycle. These include transactions for stocks, bonds, municipal securities, exchange-traded funds, certain mutual funds, and limited partnerships that trade on an exchange⁴.

However, it's always a good idea to check with your broker-dealer for any specific rules or exceptions that may apply to your account⁴.

Source: Conversation with Copilot, 5/31/2024
(1) SEC.gov | New “T+1” Settlement Cycle – What Investors Need To Know .... https://www.sec.gov/oiea/investor-a...ement-cycle-what-investors-need-know-investor.
(2) What A Shorter Stock Trade Settlement Cycle—Known as T+1—Means For You. https://www.msn.com/en-us/money/mar...-cycle-known-as-t-1-means-for-you/ar-BB1n0Gg8.
(3) New T+1 settlement rules: How investors benefit. https://finance.yahoo.com/news/t-1-settlement-rules-investors-184926813.html.
(4) Wall Street returns to T+1 stock trading after a century. https://www.msn.com/en-in/money/mar...t-1-stock-trading-after-a-century/ar-BB1naiwU.
(5) 8 Things to Know About T+1 Settlement | Charles Schwab. https://www.schwab.com/learn/story/7-things-to-know-about-t1-settlement.
(6) Preparing for Change: What to Know About the Shift to T+1. https://www.finra.org/media-center/shift-to-t-plus-1.
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David Donner said:
Now that we are T+1, does that mean, in a cash account, if you sell a stock position in the postmarket, the next morning in the pre-market the proceeds of the sale will be available to repurchase stocks?
More...
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Something changed;
SCHW accounts[Roth] anyway.
BUT still not really sure , because nothing changed[my accounts] after 3 days past MAY 28.
Because I had the no interest charged margin account @ SCHW + could trade without selling my SCHW money market.
Maybe with the tighter [T+1 ] schedule, it forced them to hire more people or pay overtime ??. Posted JUNE2 noontime.
Ive had pay interest margin accounts + dont want those again ;
if i want to trade much more /could sell my money market.:caution:
 
David Donner said:
Now that we are T+1, does that mean, in a cash account, if you sell a stock position in the postmarket, the next morning in the pre-market the proceeds of the sale will be available to repurchase stocks?
More...
%%
SCHW counts post market as same day-regular hours[some SCHW may havea 3:00-3:05 pause CST ]
But like today, they are still clearing all day trades [cash acount, Roth with clearing non interest margin];
but would not let me trade off SCHW money market, +could do that earlier in year.
Broker said today would have to sell money market to do that now, must be Trade + 1 related
 
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