Big Doug I suppose it would average out. I buy a stock and have T+3 to settle, so I can be earning interest on the short term money market also. Or just let it sit in the CommSec management acc and earn interest. If I am late paying you would still get your money and Commsec would have to chase me- all a costly exercise. Also, when I do a T+1 I do it at CommSec's expense- zip in extra brokerage and no interest on the money yet I keep the profit. I trade with CommSec because I consider them more than competitive. Other outfits look cheap until you delve into the fine print. ALL the major 4 will rip you off in the end. The trick is to make you feel the other 3 are ripping you off more!. :) LOL
BLY Price at posting:
$3.71 Sentiment: Hold Disclosure: Not Held
