Dear- Below is a photo of my IB screen, copied Saturday. 1) You can see the bottom line with -145, which implies that I owe $145 to IB, for full cash purchase of the equities. Probably it happened by acquiring AXP too much on Friday. http://finance.yahoo.com/news/overextended-american-express-201742007.html I guess that I am supposed to pay cash for full-cash settlement on D+3 (maybe Wednesday this week?) What happened if I forget to pay $145 in Wedensday? Will it be automatically changed to PURCHASE WITH LOAN? 2) I could successfully download the content of the screen to csv format in local PC, by clicking right mouse button and Import/Export full content. Where (which menu in IB) can I find previous date and price (share) for previous purchase(acquiring) for the six items? Can I download the two results (csv format) more easily, by using of IB API (possibly with R/Python)? If so, please direct me the link or help page. Thanks in advance. -Jay *************************
With recent AXP $55 per share and lack of $145, is it true that my 6 shares of my 300 AXP are going to be loaned with $25 each (say, half cash and half loan???)? Roughly 6 times $25 makes $150. So the rest of 294 shares (=300-6) shall be cash purchase?
To me, it just looks like you are borrowing $145. You still have excess liquidity, which means to can borrow more if you choose.
Of course, I can borrow more so that maybe up to 100K or more, with cash of 50K. (50%????) I heard that back in 1920's before Great Depression we need cash of 10K to buy 100K. (10%) For the 1920's, please see (I do NOT want to be wiped out) from 8-min at
From 10-min in the above clip, a showshine with 6K cash bought as much as 60K (10%) For the 10%, the ratio was decided (for bubble) by FRB as usual.