Cash and sweep vehicle1/13/2024 ![]() I'm currently using the TD Ameritrade FDIC IDA as my Cash Sweep vehicle. In terms of which Cash and Sweep vehicle options, I have two more according to TD Ameritrade's "Summary of Cash Sweep Program": "TD Ameritrade Cash" and "Money Market Funds". Note: I don't have a margin account and am not under the pattern - day trader rule. Because of I can only trade three days a week( Monday, Wednesday and Friday). What this means is that if I buy and sell a security on Monday, I won't be able to use the funds I use to buy that security on Tuesday because those funds have to "settle" and will be returned to my cash account only on Wednesday. ![]() What I have a problem with is the fact that I have to wait a day or two for the funds to "settle" so that can use them again. This is normal and is supposed to happen according to TD Ameritrade's "Summary of Cash Sweep Program" The Avocados from Peru Win a Tesla Car Sweepstakes will award one Grand Prize Winner a 2023 Tesla Model 3 vehicle with approximately 1,000 miles. Whenever I buy and sell a stock - whether I made a profit or not - the funds I used to buy the stock get swept into my TD Ameritrade Cash and Sweep account( Which is currently the TD Ameritrade FDIC IDA). Your cash and sweep vehicle is the vehicle that contains all cash not tied up in equities both settled and unsettled. In connection with their advisory programs, dual registrants often make available programs for cash in an account to automatically be swept into. ![]() I just started trading on TD Ameritrade and have run into an annoyance. Below the Equities and Equities options, you can see the following figures: Selected Totals, Subtotals, Overall Totals, Cash & Sweep Vehicle Totals, Overall P/L YTD (your profit or loss year-to-date), and Available Dollars. Changing your cash sweep vehicle may result in the loss of one or more business day’s interest or dividends while your transactions are being processed. Bank Sweep Accounts as Part of Advisory Programs. ![]()
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