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Say I buy stock online through TD Ameritrade, Sharebuilder, or what have you, not their IRA accounts, just their standard ones for stocks. Let's say I invest $100 in Apple stock, and in 6 months, it grows to $110 (just to keep things simple). At that 6 months, can I withdraw all the $110 from my account (of course, there might be fees and commissions too, but I'm just asking if I can withdraw all, or just the $10 that I made).

2007-07-17 15:41:57 · 9 answers · asked by Anonymous in Business & Finance Investing

9 answers

Yes.... you can draw the cash.

Please try not to make the typical beginner mistakes;

Don't trade stocks because someone said they're going up.
Always understand why you're getting into a position.
Have an "exit" strategy.
Understand "Asset Allocation" and make one that works for you.
Don't invest in penny stocks ($5.00 or below) for a least five years.
READ READ READ....... Learn investing before you put one penny in.

Good luck. You're on the way to making your future a better one...... as long as you don't gamble, "take a chance", put all your "eggs" in one basket, get advise from strangers, get stock picks from friends and family or get stock tips from media personalities.

2007-07-17 16:22:38 · answer #1 · answered by Common Sense 7 · 0 0

1

2016-12-23 22:29:10 · answer #2 · answered by Anonymous · 0 0

The only time you need to be careful about withdrawing money is if you do it in the same trading day. There are strict rules when it comes to trading in and out of the same stocks more than 4 times in any given 5 consecutive business days. You will be considered a pattern day trader if you do this.

But in your example above yes you can withdraw all the money, and you would pay full capital gains tax because you would have held the stock less than a year.

2007-07-17 23:14:02 · answer #3 · answered by Anonymous · 0 0

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/9EV1q
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.

2016-02-16 12:06:56 · answer #4 · answered by ? 3 · 0 0

Unless there is something weird I have never heard of, you should be able to pull it all out at any time. I seem to recall it takes 3 business days. In my account, if I sell stock I think it goes into my money market account. From there, I can easily transfer it out.

2007-07-17 15:46:36 · answer #5 · answered by Handsome Chuck 5 · 0 0

I've used Charles Schwab for over 15 years. I have never been charged for transferring money out of any of my accounts. In fact, you can get check writing priveledges in which you can write checks from your brokerage account.

2016-04-01 09:41:12 · answer #6 · answered by ? 4 · 0 0

Yes, you actually sell it at the current price and will pay a commission and capital gains taxes if you gained, if you lost take it off on your year end taxes.

2007-07-17 15:46:15 · answer #7 · answered by jetmad1 3 · 0 0

Why not?

Stock Investing for Beginners
http://www.stock-investment-made-easy.com/index.html

2007-07-18 00:23:45 · answer #8 · answered by BigBen 5 · 0 1

Yes. Jetmad gave you the correct answer. Give him the 10 points.

2007-07-17 15:50:44 · answer #9 · answered by golden sephiroth 5 · 1 0

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