RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Cash deposit or selling stocks to meet margin? Migraine, I just got off the phone TD Waterhouse. I think their customer service is unsurpassed. Their reps are always nice, so nice that they they'd try to answer your questions without sounding offensive.
So when I asked about my not seeing margin for the stocks that trade less than $5 but still over $3, the response was something like, "Uh, Ms. Wilkes, you should monitor your margin account and not wait until we need to call you. Margin requirement should be met at all times. There were many down days last month and we cannot call everybody. The marginable amount is granted at TD's discretion. Even if the stock is marginable at 50%, we can at times extend the marginable ratio to 75%, depending on who the client is and how the account is managed."
I have had this margin account for so many years. A small amount here and there was not a problem. I kept telling myself that I'm a pig, and I'd go straight to the slaughterhouse if I can't keep my hands off this margin thing. Then I read one of your posts when you said investing in energy stocks, any energy stocks, will do well. So I margined up and went all in.
If I can make my money back, I think I'll convert this margin account to a cash account.