Well, I can't argue with that I'm surprised that he hasn't trotted out his bevy of alternate handles to chat himself up. After all, someone should agree with himself On a more relevant note, does IB list their interest rate on free cash at their web site? I get charged borrow fees (interest) for a fair amount of short stock that I carry and the statement doesn't break it apart from the cash balance interest. Dya have any bread crubs that I can follow?
http://www.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc Benchmark rate is 0.17% But they pay less than that. I did not see the details, but they should be on the page. Mark
Ouch! I think I need to be more aggressive in pulling out excess cash as it accumulates. Thanx for the link.