Schwab has a "sell all" button on their trade screen that fills your quantity box with the correct value. I don't know why you'd ever want to or be able to sell all in dollars when you don't know the price you're getting.But you can't sell all in dollars. I believe Schwab limits dollar sales to 90 percent of last market value.If you'd sold in dollars, you could have bought more MF in dollars, with both transactions executing the same day, even though they were VG MF and not Sch MF. They would not have shown in your cash balance or your unsettled funds balance, but they would have been available to trade with nonetheless.
They were both Vanguard Mutual Funds. That could explain the delay as I don't recall the delay when I've sold Schwab funds.
We had dinner with my 90 old Mom tonight. She just left and I checked back just now. The trades recorded sometime in the past couple hours. Thanks for all the feedback. You folks are very helpful.
Agree that not seeing the funds available in cash balance doesn't mean you can't trade with them. An easy way to know is to try to make a purchase.
Statistics: Posted by toddthebod — Sat Jan 06, 2024 7:33 am