RE: How safe are our brokerages?

["neo" <neo1@xxxxxxxxx>]

<FONT face=Arial color=#008080 
size=4>Theo
<FONT face=Arial color=#008080 
size=4> 
Do not 
understand financial statements and do not trust them anyway. I guess the best 
thing is not to keep all of you eggs in in one basket and never more than 
$100,000 at each brokerage. Then just hope that there is not a major brokerage 
collapse and the SPIC (private) does not go under.
 
<FONT face=Arial color=#008080 
size=4>neo 

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of theo lockefeerSent: Saturday, January 19, 2002 4:22 
  AMTo: metastock@xxxxxxxxxxxxxSubject: Re: How safe are 
  our brokerages?
   
  Good Question Neo,
   
  1) just looking at balance sheet could be "too 
  little"
  2)  How checked Datek recently thourougly 
  ?
       any doubts 
  ??
   
   
  Theo
   
   
   
   
  <BLOCKQUOTE dir=ltr 
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    ----- 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?
    
    
    <SPAN 
    class=000501519-18012002>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