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<FONT face=Arial color=#008080
size=4>Theo
<FONT face=Arial color=#008080
size=4>
When
major companies are going bankrupt I begin to be concerned about all companies.
If we have a real capitulation where investors want nothing to do with stocks, I
suspect all of the small brokerages will fail. This would cause the SPIC to fail
so we would have no insurance. This is, of course, a worst case
scenario.
<FONT face=Arial color=#008080
size=4>
I am
very concerned about protecting my capital so I have moved most of my liquid
assets into FDIC banks. Our $ is safe there unless the fed goes
under.
<FONT face=Arial color=#008080
size=4>
<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 John AdairSent: Saturday, January 19, 2002 6:00
PMTo: metastock@xxxxxxxxxxxxxSubject: RE: How safe are
our brokerages?
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"><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.
<FONT face=Arial color=navy
size=2><SPAN
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt">
<FONT face=Tahoma color=black
size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Tahoma">-----Original
Message-----From:
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<SPAN
style="FONT-WEIGHT: bold">On Behalf Of theo lockefeer<SPAN
style="FONT-WEIGHT: bold">Sent: Saturday, January 19, 2002 3:22
AMTo:
metastock@xxxxxxxxxxxxx<SPAN
style="FONT-WEIGHT: bold">Subject: Re: How safe are our
brokerages?
<FONT face="Times New Roman"
size=3><SPAN
style="FONT-SIZE: 12pt">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face=Arial color=black
size=2>Good
Question Neo,<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face=Arial color=black
size=2>1) just
looking at balance sheet could be "too little"<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face=Arial color=black
size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">2) How checked
Datek recently thourougly ?<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face=Arial color=black
size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">
any doubts ??<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face=Arial color=black
size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Theo<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT face="Times New Roman"
color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<DIV
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">----- Original
Message ----- <SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; BACKGROUND: #e4e4e4; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=black size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">
From:<FONT face=Arial
color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A
title=neo1@xxxxxxxxx href="mailto:neo1@xxxxxxxxx";>neo
<SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=black size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">To:<FONT
face=Arial color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A
title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>b_MetaStock List <FONT
face=Arial color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=black size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Sent:<FONT
face=Arial color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Friday, January 18,
2002 9:06 PM<SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=black size=2><SPAN
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Subject:<FONT
face=Arial color=black size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> How safe are our
brokerages?<SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face="Times New Roman" color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=teal size=4><SPAN
style="FONT-SIZE: 13.5pt; COLOR: teal; FONT-FAMILY: 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?<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face="Times New Roman" color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=teal size=4><SPAN
style="FONT-SIZE: 13.5pt; COLOR: teal; FONT-FAMILY: 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="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face="Times New Roman" color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=teal size=4><SPAN
style="FONT-SIZE: 13.5pt; COLOR: teal; FONT-FAMILY: Arial">How can we tell how
solvent out broker is?<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
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face="Times New Roman" color=black size=3><SPAN
style="FONT-SIZE: 12pt; COLOR: black"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in 4.0pt"><FONT
face=Arial color=teal size=4><SPAN
style="FONT-SIZE: 13.5pt; COLOR: teal; FONT-FAMILY: Arial">neo<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
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