Re: How safe are our brokerages?

["theo lockefeer" <sky40912@xxxxxxxxx>]

Good Question Neo,
 
1) just looking at balance sheet could be "too 
little"
2)  How checked Datek recently thourougly 
?
     any doubts ??
 
 
Theo
 
 
 
 
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  neo 
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>b_MetaStock List 
  Sent: Friday, January 18, 2002 9:06 
  PM
  Subject: How safe are our 
  brokerages?
  
  
  With 
  the onset of major bankruptcies, I think it is important to consider the 
  security of your broker. Besides Enron (world's 7th largest company), K-Mart 
  (world's 3rd largest retailer), and JP Morgan, many other well established 
  companies are in trouble. Many of the newer online brokerages and mutual funds 
  are part of the dotcom era. I wonder how solvent they are?
  <SPAN 
  class=000501519-18012002> 
  I 
  just finished reading an article about what I felt was one of the most secure 
  (although expensive) online brokerages. In Q3 2001, Schwab's trades were down 
  26% from Q3 2000. In response Schwab has begun selling investment 
  advice.  This is not making Schwab's independent advisors happy and they 
  account for 1/3 of it's total client assets. In addition, estimates are that 
  Schwab's 2001 net income is down 50% from 2000.
  <SPAN 
  class=000501519-18012002> 
  <SPAN 
  class=000501519-18012002>
  <SPAN 
  class=000501519-18012002>How can we tell how 
  solvent out broker is?
  <SPAN 
  class=000501519-18012002><SPAN 
  class=290490420-18012002> 
  <SPAN 
  class=000501519-18012002>neo