Hmmm, TDA just gave me Margin privileges on my Roth IRA. Don't plan on using it other than to have the ability to sell a position and have the funds available immediately to reinvest. Usually IRA/Roth need to wait for the trade to clear, trade date + 2, before reinvesting.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.