So I didn't really realize this till just now, but I have been making trades on margin with etrade. I know I got approved a while back because I was interested in doing shorts and stuff and you needed it for that.
Anyways, I want 10k of stock, so I buy it. Then I realize it's on margin as I don't just keep cash in my etrade account. So, I pay off the 10k bought on credit from etrade.
Am I paying a fee? I see annual APRs and stuff but what about if it was just for a few days?
The issue with depositing cash is it takes a day or few for the transaction to be approved.
Submitted November 18, 2021 at 04:18AM by OneMoreBasshead https://ift.tt/3oE0Ofi
