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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Replying to @Molson_Hart
Sounds very inconvenient. Especially when trade costs are near $0.
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Replying to @davekopec
Fwiw, instead of using FDIC savings accounts I used http://Treasurydirect.gov and I think it was a big improvement.
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Replying to @Molson_Hart
Well I’m sure you get a better interest rate, but what’s the liquidity like?
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Replying to @davekopec
Yes, you're right, slightly better. Off the top of my head 0.25% on 3 month rolling t-bills. In normal times, liquidity is worse. In periods of distress, wayyyyyy better.
9:45 AM - 28 May 2019
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