gdm
08-07-2008, 01:17 PM
Hello,
New to the site and I'm about six months into stocks. Today I finally funded my margin account up to 2K and now have margin buying power. It's not something I plan to use on a regular basis unless I feel a situation warrants it. I was wondering how interest is payed when stocks are bought on margin? Is the interest figured at the time of sale and taken out of the proceeds?
New to the site and I'm about six months into stocks. Today I finally funded my margin account up to 2K and now have margin buying power. It's not something I plan to use on a regular basis unless I feel a situation warrants it. I was wondering how interest is payed when stocks are bought on margin? Is the interest figured at the time of sale and taken out of the proceeds?