08-31-2015, 11:34 AM
(08-29-2015, 10:20 AM)crimsonghost747 Wrote:(08-29-2015, 05:42 AM)Rasec Wrote: As a junior investor, what did I learn from the most recent sell-off:
3) Always have money available and ready to deploy in your broker account, having to wait 3 days for the money to land was rather painful.
Having a margin account really helps with this. No need to make sure you have cash at the brokerage account as long as you have cash somewhere. You can just use the margin and send money to the broker afterwards to fund the account back to normal.
I use E*Trade. I do a direct transfer from my checking account to my ROTH and the money is available to invest instantly. Margin accounts are not allowed in retirement accounts (per E*Trade). You might want to look into tying your checking account to your brokerage account. This will get rid of the 3 day waiting period.