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To: Andrew Vance who wrote (14869)7/17/1998 10:59:00 AM
From: Patrick Slevin  Read Replies (2) of 17305
 
Weekly salary

<All I have to do is remove it from the account. That will be the tough part. >

As a broker I was paid once a month. That may be easier for you than scoffing it up each week.

These days I just take it whenever. But the monthly routine is convenient. I have an account set up in NYC that has mostly high-yield instruments in it. It's set up to juice out about 25% more than my wife normally wishes to have each month. The firm was instructed by me to forward her a check for a specified amount each month and the rest of the dividend capture goes into cash until I find another high-yield instrument.

This way, she gets a check each month and does not ask me for money every few days.

So you could set them up to send you a check for 8 grand each month and forget about it....just a thought.
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