Does vanguard buy your funds before it withdraws the money from your bank? : personalfinance


Yesterday I put in an order for some VTSAX in my vanguard brokerage account. The money has not come out of my bank account yet but it shows the funds in my brokerage balance? Wondering, because today the shares went up about $3 a share since I “bought” yesterday. Am I missing something here or does vanguard front you the money until they withdraw it from your bank days later?



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