They promised that a 1 business day fund settlement would likely start in 2004 or 2005.....what's the hold-up for?
Posted by metal1 on :
i would go to the DTCC website and see if they have some info. it doesn't bother me so i haven't really paid much attention to it.
Posted by rkh2005 on :
Thanks for the advise, I'll do that. It does bother me a little because as the baby boomers prepare to retire, not only will they want to invest more often, but their young adult children like myself will want to save themselves from getting financially messed over and make some money before the downfall of the markets that are likely to occur during the retirement years. It's really a serious issue, not only with the social security program, but in the markets as well. Also, I tend to invest in the sub-pennies, and a lot of people who invest in those would like to see it changed.
Posted by Machiavelli on :
there will be no downfall of the markets.. as long as prices go up, down or sideways... the markets are efficient.. and someone can make $$ when they are efficient ....don't compare social security to the markets.. two different things.. the one thing about the Markets is that it will always be a Zero Sum game... for every trader that is on a winning side of a trade.. there is another trader who is on the other side or losing side of that trade.. but like i said there is no such thing as the downfalls of the market.. it is the perfect example of Capitalism at it's finest... remember the Markets are never wrong... only you are if your on the losing side of a trade... let your profits ride and limit your losses (use Stop/loss orders damnit!!! ) lol ....
Posted by metal1 on :
quote:Originally posted by rkh2005: Thanks for the advise, I'll do that. It does bother me a little because as the baby boomers prepare to retire, not only will they want to invest more often, but their young adult children like myself will want to save themselves from getting financially messed over and make some money before the downfall of the markets that are likely to occur during the retirement years. It's really a serious issue, not only with the social security program, but in the markets as well. Also, I tend to invest in the sub-pennies, and a lot of people who invest in those would like to see it changed.
Am i missing something? How is settlement a serious issue?
Posted by rkh2005 on :
quote:Originally posted by metal1:
quote:Originally posted by rkh2005: Thanks for the advise, I'll do that. It does bother me a little because as the baby boomers prepare to retire, not only will they want to invest more often, but their young adult children like myself will want to save themselves from getting financially messed over and make some money before the downfall of the markets that are likely to occur during the retirement years. It's really a serious issue, not only with the social security program, but in the markets as well. Also, I tend to invest in the sub-pennies, and a lot of people who invest in those would like to see it changed.
Am i missing something? How is settlement a serious issue?
Becuase on Scottrade I can buy a security immediately after I've sold a previous one, but I can't sell the second until the first has settled. Some of the ones I buy are short term and others are long term.
Posted by metal1 on :
that makes no sense. if you have a cash account you shouldn't be even be able to buy another stock until the first sale trade has settled (the no freeride rule) waiting to sell the second purshase makes no sense. get a margin account i guess, then you don't have to wait for settled funds.