SI
SI
discoversearch

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 Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Sure Thing who wrote (5715)1/6/1999 11:01:00 PM
From: Logistics  Read Replies (1) | Respond to of 90042
 
Are you crazy. It is hard enough trading one account.

Breaks up your concentration if you trade for others IMO.

JL



To: Sure Thing who wrote (5715)1/6/1999 11:15:00 PM
From: QuickTrade  Read Replies (1) | Respond to of 90042
 
Why don't you put all their money in one account and treat it like a mutual fund where everyone owns a percentage of the account. That way everyone gets equal treatment and it saves you time.



To: Sure Thing who wrote (5715)1/6/1999 11:21:00 PM
From: Paul A  Read Replies (2) | Respond to of 90042
 
wow.. If I had that kinda workload I would be smoking 2 joints a day and a bottle of vodka at night.. how do you do it?!?!?

I never have more than 2 positions at one time.. I envy people who can operate like that- hats off to you!

Heck- one 1/2 hr position in CMGI and im doubling the above drug prescription come 4pm... not joking either...



To: Sure Thing who wrote (5715)1/6/1999 11:35:00 PM
From: daylate  Read Replies (1) | Respond to of 90042
 
I have the same problem. Checking into starting an investment club
with everyone having a percent.
Try better-investing.org



To: Sure Thing who wrote (5715)1/7/1999 6:20:00 AM
From: JustInTime  Respond to of 90042
 
>Here is my question, is there anyone out there that has the capability to place block trades electronically in a master account and then spread those shares around to other accounts? If so, what system are you using?

I may be wrong, but I am willing to bet that no broker will do this for you, unless you are a registered investment advisor and have a limited power of attorney that will give you legal authority to trade for others accounts. I know for a fact that both schwab and fidelity offer this type of account, but as I said, you could not be a retail customer, you would be considered institutional and would have a lot more controls on you than you would as a retail investor. Your commission structure would also be higher (and negotiated most likely).

Good luck.