You don't need to know how to trade, day trade or pick stocks when you take a passive approach. Select funds created and issued by top investment firms, and leave the rest to the professionals.Learn About Passive Investing
NYSE, Nasdaq, Amex traded symbols
All major issues including halal ETFs
Foreign companies traded in the US
YOU CAN ADD MONEY TO YOUR INVESTMENT ACCOUNT BY GOING TO YOUR ACCOUNT SCREEN IN PASIV'S APP AND SELECTING 'DEPOSIT'
* It can take anywhere between 5 to 96 hours to credit your deposit to your investment account, depending on how quickly your bank remits the money. Your funds will appear in Pasiv's app as available cash to invest.
YOU CAN WITHDRAW MONEY FROM YOUR INVESTMENT ACCOUNT TO YOUR BANK ACCOUNT BY GOING TO YOUR ACCOUNT SCREEN IN PASIV'S MOBILE APP AND SELECTING 'WITHDRAW'.
Pasiv usually processes withdrawal requests within 24 hours. Here are a few things to remember about making withdrawals with Pasiv :-
* It can take anywhere between 24 to 96 hours to credit your withdrawal to your bank account. Your funds will appear as a credit in your account.
The U.S. financial services industry operates on a two-day settlement cycle (T+2). This means it takes two days from when a buy order is executed to when you take ownership of those securities. Similarly, when you sell an order, you must wait 2 business days until the cash is made available in your account for additional use. This rule applies differently to margin accounts purposed for day trading.
Investing with unsettled funds : if you have unsettled funds in your account or if you sell a position to generate additional funds, you may use those funds as well, so long as you then hold the new position through the settlement of the positions liquidated to make the purchase. If you sell the new position before this occurs, this results in a good faith violation. If the new position is held through settlement, no violation occurs. It should be noted that the violation occurs only if you prematurely SELL the NEW position.
If you intend to buy and hold stocks for an extended period of time, the trade settlement cycle will likely not affect your investing. Pasiv will alert you in app if you attempt to use any unsettled funds to trade. This way you can avoid any good faith violations.
* Not applicable for stocks priced below $5. Stocks below $5 require 100% initial and maintenance margin for shorting.