Stock Market

rasbury · April 29

I'm looking at my raymond James statements and it shows as an available cash of 16 grand- is that interest etc not applied?

Willhound · April 30

Cash is cash. It will include any interest accrued up until the statement date. Usually "cash" is held in an interest bearing account or a cash equivalent like a money market account that is easily convertible to cash. Most brokers will always keep some cash aside in case a buying opportunity comes up, or as a readily available source of extra cash if you need it, or as a cushion in case of market declines. Sometimes they will sell investments that have gained and keep that in cash, it preserves the gain.

rasbury · April 30

Thanks for that explanation @Willhound. I assumed as much- that same amount has been on my statement for several months. Perhaps they will take advantages of some of these deals on the dip but over my knowledge to play with.

Willhound · April 30

If the amount hasn't changed, then it is indeed cash. If it was in some kind of interest bearing account or money market you'd see a bit of growth. If your broker thinks there are opportunities in the market it would have to be with your knowledge and consent and even if you don't understand it all they should be explaining what the investment is, the pros and cons and how it works before investing your cash.

J3ff · May 1

rasbury said:

I'd be very happy to be back where I was before the first of the year.

same, but I'd be happy to be where I was on Jan 19th

J3ff · May 1

Formulaben said:

I want your investment strategy.

https://www.marketwatch.com/investing/fund/qcgrrx

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