When you sell a stock where does the money you earn from that sale go? How does one get it?
2007-07-27 12:00:37 · 4 answers · asked by T-NutZ 2 in Business & Finance ➔ Investing
It goes back in your brokerage account and you can transfer it to checking.
2007-07-27 12:12:20 · answer #1 · answered by shipwreck 7 · 1⤊ 0⤋
I do all my trades on line. It is pretty easy how it works. My trading account is linked to a checking account that I have. When I buy the money is automatically pulled out three days after the trade. When I sell they automatically take out their commissions and deposit the money right into my account.
I imagine the process with a broker is similar, with more commissions.
2007-07-28 01:33:01 · answer #2 · answered by Brad H 2 · 0⤊ 0⤋
To your brokerage account.
You can write a check or you can use your MasterCard or Visa Debit Card or you can transfer your money to your old fashioned bank account.
2007-07-28 01:42:14 · answer #3 · answered by Anonymous · 0⤊ 1⤋
your broker cuts you a check .. less any administrative fees and applicable taxes
2007-07-27 19:05:36 · answer #4 · answered by Jackofalltrades216 4 · 0⤊ 0⤋