|
PureBytes Links
Trading Reference Links
|
I believe the safest idea is to designate a US treasury based
money market fund as a "sweep" for your brokerage cash.
... John
<BLOCKQUOTE dir=ltr
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
neo
To: <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Saturday, January 19, 2002 6:59
PM
Subject: RE: How safe are our
brokerages?
<FONT color=#008080 face=Arial
size=4>Theo
<FONT color=#008080 face=Arial
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 color=#008080 face=Arial
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 color=#008080 face=Arial
size=4>
<FONT color=#008080 face=Arial
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 color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; 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<SPAN
style="mso-spacerun: yes"> 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 color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">
<FONT color=black face=Tahoma
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Tahoma; FONT-SIZE: 10pt">-----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 color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black face=Arial
size=2>Good
Question Neo,<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black face=Arial
size=2>1)
just looking at balance sheet could be "too little"<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black face=Arial
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt">2) How
checked Datek recently thourougly ?<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black face=Arial
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt">
any doubts ??<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black face=Arial
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt">Theo<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<FONT color=black
face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<DIV
style="BORDER-BOTTOM: medium none; BORDER-LEFT: black 1.5pt solid; BORDER-RIGHT: medium none; BORDER-TOP: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 4pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt">----- Original
Message ----- <SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<P class=MsoNormal
style="BACKGROUND: #e4e4e4; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">
From:<FONT color=black
face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <A
href="mailto:neo1@xxxxxxxxx"; title=neo1@xxxxxxxxx>neo
<SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">To:<FONT
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt"> <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>b_MetaStock List <FONT
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Sent:<FONT
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt"> Friday, January
18, 2002 9:06 PM<SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Subject:<FONT
color=black face=Arial size=2><SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt"> How safe are our
brokerages?<SPAN
style="COLOR: black; FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=teal face=Arial size=4><SPAN
style="COLOR: teal; FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">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-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=teal face=Arial size=4><SPAN
style="COLOR: teal; FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">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-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=teal face=Arial size=4><SPAN
style="COLOR: teal; FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">How can we tell
how solvent out broker is?<SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=black face="Times New Roman" size=3><SPAN
style="COLOR: black; FONT-SIZE: 12pt"> <FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
<P class=MsoNormal
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 39.75pt; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in; 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
color=teal face=Arial size=4><SPAN
style="COLOR: teal; FONT-FAMILY: Arial; FONT-SIZE: 13.5pt">neo<FONT
color=black><SPAN
style="COLOR: black; mso-color-alt: windowtext">
|