Let’s say you’ve made some bank 🥳Now what? 🤔
Here’s exactly how you can collect your profits 🏦
To “realize” or collect profits on a growing stock, you sell it! 💸
If you receive stock dividends, these funds will automatically be in your buying power 🤝
Once you sell the stock, the stock’s current value will be converted into cash and rest in your buying power 🛏️
Stocks take 2-5 business days to fully settle, or turn into spendable cash ⏰
Once the stocks have settled, you can keep the profits in your Bloom buying power to reinvest 📈
Or, you can withdraw the funds to the connected bank account 🏦
To withdraw, ask the parent to go to Transfers > Withdraw 📲
On this window, you’ll also see what’s “withdrawable” or funds available to withdraw as well as “Unsettled” balance, or money that isn’t available yet 🤷
Transfers can take up to 2-3 business days to land in the account 😁
You can track the transfer progress by going to Profile > Transfers and you’ll also see the transfer under “pending buying power” 💸
Now you know how to collect your stock profits 💰
Happy investing 🥳