Visa IPO rumored for Tomorrow - Will you have funds available in time?
By James Phillip on Mar 17, 2008 in Investing
I have heard Wednesday last week and this weekend then I read some information that a rumor of Tuesday now. If you are buying, are you ready?
How to make sure you have funds ready
Phone Broker - If you still have one my old phone broker would take my order over the phone and gave me 3 days to get him the money. They may or may not do this for IPO.
Electronic Transfer- If I put an order in right now 9 times out of 10 my funds will be ready to trade before the market opens the next day and I use Ameritrade.
Selling holdings- This is a tricky one, if you cannot get the cash uploaded in time and have current holdings you could sell them and hope the settlement is quick enough to turn around with the cash to buy IPO.
Just a couple of ideas……
If it is really Wednesday then you have more time to act but if it is tomorrow and not a rumor and you really wanted to get a piece of it then you better act now to see if you can make it happen.
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