Piffer OT - And Other Assorted Nuts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alan Smithee who wrote (22157)	3/8/2000 10:26:00 PM
From: Patrick Slevin	Read Replies (1) of 63513

Just as a point of order, the way accounts are most efficiently XFerred are through a DTC and/or an ACAT. The one is overnight, the other takes about 3 to 4 days. I forget which is which. The overnight one cannot XFer all assets; but you can leave almost nothing in the account and XFer the rest using the slower method. I think the ACAT is the overnight and the DTC is the 3 or 4 day transfer. Been a long time since I was that acquainted with the procedure. EDIT If you really want to hack 'em off you ACAT it and follow up with the DTC. Blows their minds. They will always delay the extra day on the DTC. But by then you've already taken the bulk of the funds and left. Why does it Blow their Minds? Because most people don't know what an ACAT is. They figure they can stall you, speak with you, drag their feet..... But the bucks are gone and they usually aren't even aware of it because no one ACATs. 'Cept me, of course. RE-EDIT By the way, ACATs and such are for Individual Accounts, not Plans; just glanced again at your Post and did not wish to confuse the two.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next