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RE: How safe are our brokerages?



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<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><span
style="mso-spacerun: yes"> You have alerted me to a problem. ( 100.000
max insurance on cash). I wonder if a money market fund is considered cash. I
suspect all cash   is put in to some
kind of storage which is invested in something.<span style="mso-spacerun:
yes">  Otherwise everyone would limit their funds to 100,000 per
brokerage house.

<span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<span
style='font-weight:bold'>On Behalf Of theo lockefeer
Sent: Saturday, January 19, 2002
3:22 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: How safe are our
brokerages?

<span
style='font-size:12.0pt'> 

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<font size=2 color=black
face=Arial>Good
Question Neo,<span style='color:black;
mso-color-alt:windowtext'>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=2 color=black
face=Arial>1) just
looking at balance sheet could be "too little"<font
color=black>

<font size=2 color=black
face=Arial>2) 
How checked Datek recently thourougly ?<span
style='color:black;mso-color-alt:windowtext'>

<font size=2 color=black
face=Arial>    
any doubts ??<span style='color:black;
mso-color-alt:windowtext'>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=2 color=black
face=Arial>Theo<font
color=black>

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face="Times New Roman"> <font
color=black>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

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<font size=3 color=black
face="Times New Roman"> <font
color=black>



<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
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padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=2 color=black
face=Arial>-----
Original Message ----- <span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
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padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>

From:<font size=2 color=black
face=Arial> <a
href="mailto:neo1@xxxxxxxxx"; title="neo1@xxxxxxxxx">neo 

<span style='font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:<span
style='font-size:10.0pt;font-family:Arial;color:black'> <a
href="mailto:metastock@xxxxxxxxxxxxx"; title="metastock@xxxxxxxxxxxxx">b_MetaStock
List <span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:<span
style='font-size:10.0pt;font-family:Arial;color:black'> Friday, January 18,
2002 9:06 PM<span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:<font size=2 color=black
face=Arial> How
safe are our brokerages?<span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3 color=black
face="Times New Roman"> <font
color=black>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=4 color=teal
face=Arial>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
style='color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
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face="Times New Roman"> <font
color=black>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=4 color=teal
face=Arial>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
style='color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3 color=black
face="Times New Roman"> <font
color=black>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=4 color=teal
face=Arial>How can
we tell how solvent out broker is?<span
style='color:black;mso-color-alt:windowtext'>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
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face="Times New Roman"> <font
color=black>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=4 color=teal
face=Arial>neo<font
color=black>