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by scottm01 2366 days ago
Fidelity also offers this in a "Cash Management Account" which you can tie to a brokerage account. It's possible to maintain a $0 balance in the cash account and use margin or some funds (generally money market) to cover each debit. Works great. I wouldn't be interested in a system that automatically sold equities from a taxable account; too volatile and too likely to cause a tax nightmare.