demoship, Everything you said is wrong. I have, in other threads, already written extensively about the use of EFPs to earn interest on...
Please don't PM me your questions, unless there is some compelling reason why you need privacy. Please instead post your questions publicly, and I...
The following is identical to a post I made in another thread, where I had to correct the same mistake as the one I made in this thread: I have...
I have to correct a mistake I made. I said that in order to minimize EFP adjustment costs, you should prefer higher-priced stocks, because they...
Suppose you hold 150K of stock, but NOT in the form of EFPs. Suppose you bought it with 150K of cash, so that you didn't have to rely on the...
Kashirin, EFPs are not only a way to earn more interest on your cash than any broker will pay, they are also a way to earn more interest on...
Sorry, I guess the extent of my knowledge of your needs was inadequate for me to be able to comment helpfully.
You can also do it with real-time data through the API, but if you do it through Quotetracker, it is easier and requires no programming.
No, this is not correct. You can choose IB's bundled commissions, which charge half a penny per share, with a minimum of $1, so that 200 shares...
Note that I was referring to net margin interest, not gross margin interest. Net margin interest is the amount relevant to determining whether it...
No, IB cut its commissions, they charge $1 for 200 shares, and half a penny more for each additional share.
Yes, with current interest rates, you would be paying $68 a year, not $15; BUT for purposes of determining whether or not it is time to make an...
I want to clarify my previous comments about paying margin interest when your EFP stocks increase in value to the point where your cash balance...
Yes, using the API for historical data, and using Quotetracker for real-time current data.
I don't know about specific alternatives for your particular needs. You need to research them. I think that you are being scammed. You should be...
You would buy back one of your EFPs, effectively "covering" or removing it from your account. You will pay commissions and the bid-asked spread in...
This might be a problem. You need to consult with a tax professional who is actually knowledgeable about trading. This requirement rules out most...
I believe so. I believe you will make the market rate of interest, but you will also pay IB's margin rate, so that you will pay a net annualized...
Can't you purchase your historical data from a reasonably priced vendor, purchase some reasonably priced options software or get some for free,...
Let me see if I got this straight. You are paying $150 per month, so that you can maintain access to a database of price histories going back...
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