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Investing - Theory, News & General • "T+1" Settlement times and mutual funds

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Wow, I guess I am spoiled.

When I sell an ETF (which is always between 0930 and 1600 ET on a weekday)(aka when markets are open), the proceeds are available for me to buy something else within 5 seconds (as soon as I refresh the screen).

Settlement for the sell (and the buy, if I bought something else) is dated next day, and shows in account history when I log in first thing next morning (say, 0600 ET).

(My accounts are at Schwab.)

Statistics: Posted by steadyosmosis — Thu Sep 19, 2024 11:33 pm — Replies 8 — Views 681



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