Disclaimer before placing order:

This security will not be marginable for 30 days, from settlement, and will automatically journal to margin at that time.

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Posted by bigjoe1

Member since Jan 2024

899 posts

Posted on 5/27/25 at 8:48 am to The Mick

Afterv30 days the stock can be bought on margin.

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Posted by yellowhammer2098

New Orleans, LA

Member since Mar 2013

3858 posts

Posted on 5/27/25 at 9:30 am to bigjoe1

quote:
Afterv30 days the stock can be bought on margin.

I think it is actually slightly different than this. It means you can borrow against it's value (the shares you are purchasing) after 30 days.

As an example, if your account margin capabilities allow you to borrow 50% of your portfolio value and you have $90,000 in stocks "journaled to margin" and you bought a new $10,000 in shares today. You can borrow $45,000 on margin today and that will increase to $50,000 in 30 days when the new $10,000 are "journaled to margin".

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Posted by bigjoe1

Member since Jan 2024

899 posts

Posted on 5/27/25 at 10:10 am to yellowhammer2098

Yeah. That's a better answer. Good catch.

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Posted by The Mick

Member since Oct 2010

44445 posts

Posted on 5/27/25 at 10:50 am to yellowhammer2098

quote:
As an example, if your account margin capabilities allow you to borrow 50% of your portfolio value and you have $90,000 in stocks "journaled to margin" and you bought a new $10,000 in shares today. You can borrow $45,000 on margin today and that will increase to $50,000 in 30 days when the new $10,000 are "journaled to margin".

Thanks

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