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Stuck in Money market, how to get out


copperarab
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Hi All.. I had a long thread not long ago about my Sharebuilder acct. There is just over $2k in it. I went online 3 days ago and sold my shares to try to recoup what I could. NOW it is saying it is in my Money Market acct. I HAD $24.81 available in my Money Market acct 2 days ago, I withdrew it.

IS this money going to move to a withdrawel phase? I have been watching it daily, I just am unsure HOW to pull out what I can since it is not giving me the option as yet..wait another day or two??

~Lisa

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You have to wait for the settlement date prior to withdrawal. Remember, you owned portions of companies that needed to be sold back into the market when you gave the sell order. This is done electronically and instantly but they won't officially release your funds to you until the paperwork clears. For stocks, this takes 3 additional days from the date of sale.

When that happens, it should go into money market and say that it is "available funds". Then you can withdrawal (just like you did with the other money).

If you are having problems, dial them up and tell them what you want. There has to be some sort of customer service. Again, I don't have sharebuilder, but all of these online brokerages are more or less pretty similar.

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