Oh my dear rhett
you are just making money hand over fist both in real life and in the stock market
i am really happy for you
You are one of those "good" people...even when you are working in the Rain Country
or maybe it is just all your websites influencing me.....LOLOL
+peter n matzke (29322 )
From: +Michael D.Burke
Wednesday, Jun 24 1998 2:38PM ET
Reply # of 29332
Peter, let me preface this by saying that in all my years of mutual fund management, I
have never seen anyone do any window dressing. And the business pages used to talk
about it then. Maybe I worked at firms that were not idiots and everyone else was
stupid. But there is absolutely no reason to perform the shenanigans that most folks
assume are happening. For example, if my fund was down 10% while the market was
up 10%, would the presence of the top performing stock in the last quarter on my
portfolio list make you think that I did a good job? I hope not. <G>
But, if it is happening in some galaxy far, far away, then the stock requires 3 business
days to clear if it is done for normal settlement. That would make Thursday the last day.
However, you should be aware that normal settlement only happens for retail customers
and institutions who don't demand other settlement. You can always settle earlier or
later if you agree upon it in advance. I don't know if the new generation of 12-year old
fund managers are aware of these facts, but, if they are, they could actually trade on
Monday and take delivery on Tuesday.
MB |
