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Uncleared funds

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tugga

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8 October 2006
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How long does it take for your funds to clear, once you have sold a packet of shares?
 
Very Good question.

I sold some warrants on the 11th and there are apparently clearing today.

Why does it takes so long??

I thought it was T+3
 
For traders that trade in and out of a stock, how do they manage this if it takes so long to settle?
Or would it all settle on the one day?
 
you can trade unsettled funds.

i need the money haha cause i put every cent i had into this company made my money then pulled out.

now i need the cash, my gf's bday is in a few days and i only have $80 in the bank, ohh ****!!!
 
T+3 working days, sometimes it means 5 calendar days for shares, not sure in case of derivatives (options, warrants)

Did you think of using credit?
After all, you will have money in the bank, just not today.
 
tugga said:
you can trade unsettled funds.

i need the money haha cause i put every cent i had into this company made my money then pulled out.

now i need the cash, my gf's bday is in a few days and i only have $80 in the bank, ohh ****!!!
Click to expand...


I would consider this as a mighty good investment. No money means no present which means no gf.... Imagine how much you will save in the long run.

 
oshcomau said:
I would consider this as a mighty good investment. No money means no present which means no gf.... Imagine how much you will save in the long run.

Click to expand...

LOL!! or excuse to save up for a bigger present LOL!!!
 
hahaha, she just rang me just then and said she doesnt want anything.

which in women language means she wants something
 
oshcomau said:
I never thought about that! hmm... I wonder how many times that excuse would work...
Click to expand...

Depend how you play it , I would imagine not too much though , but then you could say I lost it in the other share so now im putting it in here, so it seems your risking it all for her present, your hoping to get to her.

Umm lets come back to reality.
 
tugga said:
hahaha, she just rang me just then and said she doesnt want anything.

which in women language means she wants something
Click to expand...

something expensive...
 
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