# To use the proceeds of stock sales immediately, any cons(downside) to upgrade to margin account?

**URL:** https://forum.mustachianpost.com/t/to-use-the-proceeds-of-stock-sales-immediately-any-cons-downside-to-upgrade-to-margin-account/8412
**Category:** Investing / Brokers
**Created:** [May 13, 2022, 9:59am UTC](https://forum.mustachianpost.com/t/to-use-the-proceeds-of-stock-sales-immediately-any-cons-downside-to-upgrade-to-margin-account/8412 "2022-05-13T09:59:08Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![neutralname](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/n/45deac/32.png) [@neutralname](https://forum.mustachianpost.com/u/neutralname)
#### Post date: [May 13, 2022, 9:59am UTC](https://forum.mustachianpost.com/t/to-use-the-proceeds-of-stock-sales-immediately-any-cons-downside-to-upgrade-to-margin-account/8412/1 "2022-05-13T09:59:08Z")

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I have IBKR cash account, I never planned to use a Margin account as I wish to reduce the risks and fees linked to margin trade…

The issue now is I wish to be able to use the proceeds of stock sales immediately, instead of having to wait for the 2 days settlement . I have unconciously violated the free riding rule so the ban will not get lifted till June.

I could apply to upgrade my Cash account to Margin account, but I am a bit scared of the additional risk/fees. As my sole purpose of the upgrade is to use the sales proceeds immediately, not interested in any other margin account feature.

So what would be the risks/cons/downside to have a margin account? and shall I upgrade in your opinion?

Thanks

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### Author: ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)
#### Post date: [May 13, 2022, 10:50am UTC](https://forum.mustachianpost.com/t/to-use-the-proceeds-of-stock-sales-immediately-any-cons-downside-to-upgrade-to-margin-account/8412/3 "2022-05-13T10:50:12Z")

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If you don’t borrow funds, meaning having a negative cash balance **overnight** , you don’t pay anything.

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### Author: ![Ewian](https://forum.mustachianpost.com/letter_avatar_proxy/v4/letter/e/3be4f8/32.png) [@Ewian](https://forum.mustachianpost.com/u/Ewian)
#### Post date: [May 13, 2022, 12:01pm UTC](https://forum.mustachianpost.com/t/to-use-the-proceeds-of-stock-sales-immediately-any-cons-downside-to-upgrade-to-margin-account/8412/4 "2022-05-13T12:01:35Z")

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I switched recently, no problem so far. For 2 days, the interest/fees will be negligible, don’t worry. The only downside would be to get tempted to use more margin than your risk tolerance should allow.