We all keep talking about L2's, well think about this. If you have Scottrade, their scottrade elite application states that it gives L2's, but you need have a minimum account balance of $25,000 in order to qualify for it ($60/month if not)..well whether or not SNYY shares will be worth anything in a year or not, since they will be in our accounts, most of us will blow by the $25,000 once our SNYY divies show up. Just some food for thought
GTLA!
Posts: 58 | From: South Florida | Registered: Dec 2005
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Quick QUestion..I just sold some GZFX to get into this.. DO i have to wait 3 days for the funds to settle before I buy?
Posts: 25 | From: DFW Texas | Registered: Nov 2005
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buys coming through. Probably won't be any sells until that .0012 on the bid turns to .0013... Then the flippers will start selling. I think i tjust happened.
Posts: 1031 | Registered: Sep 2005
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quote:Originally posted by TexasTrader: Quick QUestion..I just sold some GZFX to get into this.. DO i have to wait 3 days for the funds to settle before I buy?
On my Etrade acct they're available immediately after the sale goes through. Just go to your portfolio and see how much available cash you have after the sale executes...
Posts: 1031 | Registered: Sep 2005
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quote:Originally posted by timber03: If I may add something here...
We all keep talking about L2's, well think about this. If you have Scottrade, their scottrade elite application states that it gives L2's, but you need have a minimum account balance of $25,000 in order to qualify for it ($60/month if not)..well whether or not SNYY shares will be worth anything in a year or not, since they will be in our accounts, most of us will blow by the $25,000 once our SNYY divies show up. Just some food for thought
GTLA!
Where does the $25,000 number come from?
Posts: 1031 | Registered: Sep 2005
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If you have, for example, 30,000 shares from the SNYY dividend, then your account value will be the market value of the shares... For many that will be over $25,000.
Posts: 145 | Registered: Nov 2005
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