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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (28952)	11/13/2007 2:30:12 AM
From: Madharry	Respond to of 78753

i think that is an excellent strategy.

To: E_K_S who wrote (28952)	11/15/2007 8:09:52 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78753

Jut a FYI for anyone with interest in the ETrade situation. The company spelled out its excess SIPC insurance yesterday. It's for a maximum of $150 mil./account. Total aggregate amount of this excess SIPC is $600 million. I wonder what the asset pool is at ETrade beyond the standard SIPC protection.

To: E_K_S who wrote (28952)	9/20/2008 7:40:27 PM
From: E_K_S	Read Replies (2) \| Respond to of 78753

SEPTEMBER 19, 2008 Investors Flee Money Funds, Moving Cash to Safer Spots online.wsj.com From the article:"...Departing holders of Reserve Primary Fund could get out Monday at the full $1 per share, Tuesday at 97 cents and after that would have to wait, and may receive much less. A representative for The Reserve said the net asset value hasn't been calculated since Tuesday. Some of the money in the Reserve fund and others is tied to mutual funds' securities lending. Another source of fund money comes from "sweep accounts," through which brokerage customers' spare cash is automatically deposited in a money fund. That was the case for Rob Hotchkiss, 47 years old, a founding member of the Grammy-winning band Train. He has about $52,000 stuck in Reserve Primary, because of his sweep account with broker TD Ameritrade Inc. "How much money can I end up losing here?" he asked. A spokeswoman for TD Ameritrade said it is working with The Reserve to redeem client assets...." ================================================================= I was lucky with my account at TD Ameritrade. The sweep account I set up for my money fund WAS NOT their "Reserve Primary Fund" (which paid a higher rate) but an FDIC guaranteed money fund. Many of the TD Ameritrade customers had the Reserve Primary Fund set as their default "sweep" account and their funds are presently frozen. I get a much lower rate (1/2 of 1%) with their FDIC "sweep" Money Fund but the money is available immediately. I usually electronically ACH my funds after settlement to anyone of four different money fund accounts I have including my credit union (3.2%) or 100% treasury funds at Schwab (closed to new investors 1.17%) and at Vanguard (1.74%). EKS