2006-06-30 19:25:31 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Call Scottrade and ask them. Or call a dozen other brokers.
One rule of investing: Never use borrowed money, or money you cannot afford to lose.
You're making several presumptions with this question. First, that Scottrade is the broker of your dreams, or the best of the best. How do you qualify that? But w/o more info, neither can I give you advice there. For someone with limited knowledge, that is an open question, and probably still won't be decided until after you've investigated it fully, and actually tried one or three.
Second, you seem to presume that you will actually make money. Instead of focusing on how much money you "could" make, you should be focusing on how much money you "could" lose. Most novice investors get this backwards. Rather than focusing on ways to make money, focus on ways to manage risk and ways of increasing your odds.
Only if you can stay in the game do you have a chance of making money.
2006-07-01 10:11:22 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
No. They only accept cash or check. You will have to wait for the funds to clear first, so if you're in a hurry, best thing to do is go to a ScotTrade office and give them cash.
2006-07-01 02:27:20 · answer #2 · answered by Kevin R 2 · 0⤊ 0⤋
That wouldn't be wise because the interest would probably cost you more than your earnings. If you don't have the spare cash to invest, you shouldn't be playing with stocks.
2006-07-01 02:31:49 · answer #3 · answered by Dale P 6 · 0⤊ 0⤋
Bad move....don't even think about it.
2006-07-01 23:00:41 · answer #4 · answered by GC 1 · 0⤊ 0⤋