I sold several of my stocks when the market opened today, so I'm wonder if I have to wait till the afternoon of the 28th or the 29th till I can purchase new stocks. I know it's three days, but I don't know if exactly 72 hours since you last sold or some other measurement of that time.
When exactly can you use the money you get from the sale of one stock to buy another
- Thread starter felixbocharov
- Start date
For me it's the next day (9:30 AM EST) with options - I assume it should be the same for stocks. I'm with BMO Investorline.
If you have a cash account it's T+3 accounting. Your money is tied up for 3 days while the transaction settles.
With a margin account it's not an issue. You can buy and sell shares all day long.
With a margin account it's not an issue. You can buy and sell shares all day long.
> Your money is tied up for 3 days while the transaction settles.
Primarily an issue in retirement accounts. But often there's some wiggle room even there.
Primarily an issue in retirement accounts. But often there's some wiggle room even there.
For what it's worth...
T+3 is US Stock settlement.
T+3 is also used for all of Asia settlement sans HK trades which are T+2
T+2 is also for all europe stocks sans Spain which I think is T+3 but may be T+2 as I think that changed this year.
Looking at Middle East, I believe it's T+3 for most. Israel however, is weird. It can be T+1 or T+2 depending on the broker. Also Israel is closed Friday and Saturday and open on Sunday although some Brokers wont settle until Monday and do not count Sunday as a settlement day (US brokers, local brokers may be different in Israel)
South Africa is T+5.
T+3 is US Stock settlement.
T+3 is also used for all of Asia settlement sans HK trades which are T+2
T+2 is also for all europe stocks sans Spain which I think is T+3 but may be T+2 as I think that changed this year.
Looking at Middle East, I believe it's T+3 for most. Israel however, is weird. It can be T+1 or T+2 depending on the broker. Also Israel is closed Friday and Saturday and open on Sunday although some Brokers wont settle until Monday and do not count Sunday as a settlement day (US brokers, local brokers may be different in Israel)
South Africa is T+5.
Thank you all guys, appreciated !