# T + 2...Ugh

By [jer979](https://paragraph.com/@jer979-2) · 2022-11-25

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I placed a trade the other day in a traditional brokerage account.

The next day, I went into move the cash.

But the cash wasn’t there.

Neither was the stock.

This is the “T+2” problem of traditional finance.

It used to be a “T+3” problem, but hey, there’s improvement.

The T stands for “trade” and the +2 is the number of days after the trade when you actually can make use of your funds.

You’d think it’s instant, but because there are many ledgers across many financial institutions that all need to be updated, it takes 2 more days.

That’s 2 days when you aren’t able to use your money or deploy it to a better yielding opportunity.

That costs you money.

Add that up across everyone and you start to see the hidden costs of the current financial system.

I know crypto is getting a bad rap these days. Some of it is fair. Some not.

But crypto fixes this and that’s going to be make everyone (well, except for the banks and brokerages), better off.

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*Originally published on [jer979](https://paragraph.com/@jer979-2/t-2-ugh)*