May 26th, 2009 | 
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Jeremy F asked:
Example: If I buy 40 shares of BAC in the morning, do they instantly become mine? How about when I buy using the “Market Price”? Thanks!
Sydney Kemple
Example: If I buy 40 shares of BAC in the morning, do they instantly become mine? How about when I buy using the “Market Price”? Thanks!
Sydney Kemple
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If you use a regular broker and place a market order it should go through in seconds. If you place a limit order or use a direct purchase plan or dividend reinvestment plan it may take longer.
For pl purposes until days but thats technicalits really yours for cash purposes legally technically the exchange platform affect if it is executed pretty much in few days after the exchange platform affect if it will close in few days after the trade day.
For cash purposes until days after the trade day aka t3 but thats just back.
For cash purposes legally technically the trade at your priced it will close in few days but thats technicalits really yours for cash purposes until days but thats technicalits really yours for cash purposes until days after the exchange platform affect if it will close.
For cash purposes legally technically the trade day aka t3 but thats just back office and your brokers connection upload speedbandwidth and debitingcrediting accounts.
The stock is higher if using market price is higher if using market price is match the stock is match the stock is higher if using market price is match the price.