Detailed Instructions: Given a passage and a query based on the passage, generate an unambiguous, concise and simple answer to the query from information in the passage. Note that the answer may not be present in exact form.
Problem:Basic. 1 If you had just $1,000 to invest, it would be difficult for you to assemble a varied basket of... 2 A mutual fund is an investment company that qualifies for special treatment under the tax law.... 3 There are five main indicators of investment risk that apply to the analysis of stocks, bonds... Shares being sold must be in good form in the account and cannot be sold before the original purchase has settled. The earliest any mutual fund position can be redeemed is on settlement plus one business day. Most mutual funds purchased at Scottrade settle on trade date plus one business day. Have at it. 1 Find potential leads in the Investing Ideas section. 2 Consult our analysis for professional insights. 3 Narrow your choices with our selection tools. 4 Use our Automatic Investing Plan to buy funds on your scheduleit's an easy way to get the benefits of dollar cost averaging6. Dividends and Capital Gains paid in cash will be deposited into your Scottrade account. You must comply with the fund's investment minimums when placing your order. Buying power may not be used when purchasing a fund. Mutual funds may be margined after they have been owned for 30 days. However, the SEC website notes that a broker cannot deposit the money until it has been received from the brokerage firm of the stock buyer, and delays in the receipt of funds can occur. The SEC makes a point that securities laws don't mandate a hard deadline when the money must be available to you. Get up to $600 plus 60 days of commission-free stocks and options trades for deposits of $10k or more.1 How it works. 1 Get up to $600 plus 60 days of commission-free stocks and options trades for deposits of $10k or more.1 How it works. It can take up to 48 hours for the mutual fund company to confirm your transaction. Your Scottrade confirmation statement will appear online 24 hours after the fund company has confirmed the trade. This may be several days after the trade. We let you choose from thousands of mutual funds. And to help make the choice easier, we offer tools that let you quickly find the funds that may help meet your goals. Choose from more than 9,000 mutual fundsmany with no loads and no-transaction fees2. Top five searched mutual funds. Disclaimer. Data delayed by 15 minutes. Top five lists are not a recommendation by E*TRADE Securities or its affiliates to buy, sell or hold any security, financial product or instrument, nor is it an endorsement of any specific security, company, fund family, product, or service. The Securities and Exchange Commission has specific rules concerning how long it takes for the sale of stock to become official and the funds made available. The current rules call for a three-day settlement, which means it will take at least three days from the time you sell stock until the money is available. Stock Settlement Stock trade settlement covers the length of time a stock seller has to deliver the stock to the buyer's brokerage firm and the length of time the buyer can take to pay for the shares. The current rule is referred to as T+3 settlement. Query: how long does it take to buy mutual funds
Solution:
It takes up to 48 hours for buy mutual funds.