The Financial Collapse of 2001 Unwinding 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 : The Financial Collapse of 2001 Unwinding

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert b furman who wrote (11930)	12/19/2023 7:31:57 PM
From: E_K_S	Read Replies (1) of 13783

Hi Robert & rest of posters: I watched this video that was linked in a Zero Hedge article (link: to The Great Taking - Documentary) youtu.be It got me thinking about all the book entries of my stocks held on account at the different brokerage companies. I remember growing up, my Dad had the actual certificates which he kept in our local bank safe deposit box. The certificates showed your actual ownership in the companies and are/were the equivalent to your property deed. I wanted to take a % of my shares in my largest holding (CVX) and have an actual certificate issued to me (in the name of my Trust). Dividends could be either mailed to me or just ACH'd to my brokerage account. This to me was equivalent of holding the 'deed' to my shares (not a digital book entry in some database) and could almost be like holding my gold coins but earning the dividend. I have shares that go back 20 years & I have no plans on ever selling. If the end game is anything similar to what the video portrays, my digital stock entries in that database in the cloud may just be worthless especially if/when some 3rd party hedge fund blows up and can not make good on the stock they borrowed. I thought at least holding the actual certificate, I could avoid this type of 'event' and having just a portion of shares issued in certificate form would be a good accompaniment to my gold coins. ------------------------------------------------------------- I come to find out, CVX's Investor relations handle everything through their transfer agent computershare.com and NO Certificates are issued anymore. This entity is the transfer agent for many companies. All the stock transfers are routed through huge intermediaries as digital entries and it is not clear (as explained in the video) if your 'vested' interests in the company actually exist. I specifically told Schwab I do not want my shares 'hypothecated" and only keep those shares in a 'Cash' account. That is only as safe as the company (ie Schwab). If something much bigger 'blows up' (a Black Swann event) it may be possible that your vested shares may/could no longer exist. --------------------------------------------------------------- To my surprise, you can no longer get the 'actual' certificates (at least for the companies I checked). Maybe it's something to not worry about it appears our portfolios are only as good as the book entries held in account by our broker.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next