Do you get something in the mail? A piece of paper or something? https://www.sec.gov/fast-answers/answersdriphtm.html …
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Stupid question alert: 1. Apparently, it's possible to buy stock directly from a company, bypassing a brokerage account. Is that practical? The benefit is avoiding a brokerage fraud? I know about SIPC. 2. If you buy a stock directly from a company how do you prove ownership?
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Great article found by @realHiltonHart https://www.thebalance.com/rehypothecation-investment-disaster-357232 …pic.twitter.com/DhNztHtw8G
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Hello
@Vanguard_Group@Vanguard_FA, Are accounts opened with your brokerage, by default, cash or margin accounts? Thank you.pic.twitter.com/Po0bFyHLnM
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I like this article quite a bit as well. https://www.nestmann.com/your-money-isnt-safe-in-any-u-s-financial-institution#.VlU8Pt8zaEJ …pic.twitter.com/Yg22R6TT3N
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I called
@Vanguard_Group and@Vanguard_FA and spoke with two representatives (who are usually quite good!), one an entry level and someone who specialized in technical questions. Neither had heard of MF Global nor could they tell me whether customer assets in brokerage...Show this thread -
...accounts could be used as collateral in loans made by other entities.
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What happens when
@Vanguard_Group@Vanguard_FA lends its customers' securities to an entity shorting the stock and that entity goes bust? https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/article/InvComVIPSSecLending&SYND=RSS&Channel=RI …pic.twitter.com/SnhWpoMORA
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Sounds very inconvenient. Especially when trade costs are near $0.
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Fwiw, instead of using FDIC savings accounts I used http://Treasurydirect.gov and I think it was a big improvement.
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only for companies offering these plans. There is a stock registrar. I think it is a cute anachronism.
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My wife had a bunch of DRIPs. Whatever you save in brokerage fees is more than offset by having to deal with separate statements and 1099s from each of them.
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