I have a margin account with my broker and I have more then enough cash to cover a stock purchase I want to make. Will this position still be placed in margin and I get charged interest?
My stock buying power is twice my cash available balance of course, but I have plenty of cash to cover this so the need to "borrow" on margin is not needed at this time. I am having trouble finding how this is or is not handled if margin borrow is not needed at this time.
Thank you for any clarity!
Submitted March 08, 2017 at 07:55AM by Xystence http://ift.tt/2mXGdoW
