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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4357)	3/21/1999 12:18:00 PM
From: Mike Devour	Read Replies (2) \| Respond to of 4969

Steve, everyone. Thank you kindly for this thread. I'd like your informal opinion on the wisdom of having one's spouse as "Co-Account Holder" rather than only registering the account as "Joint Tenants with Right of Survivorship" and having just myself as "Account Holder". My understanding: In either case my spouse has immediate ownership if I croak. If she's co-account holder, I believe she can continue to trade and/or close positions in an orderly fashion if I died or if I wasn't dead but had become incapacitated. However, if we're co-account holders, I wonder if there are joint assets issues if either of us get sued by somebody. Or, if some combination of stupidity and bad luck left our account massively negative, does this put joint property at risk that might otherwise be somewhat sheltered from the brokerage's collection efforts? Should it be important WRT the laws, we live in Michigan. Lastly, I don't know if there are any income reporting or other tax issues affected by this choice. This has to be a pretty basic question, since every person with both a spouse and a new brokerage account has had to make the same election. I don't expect you to make the choice for me, but you could help me frame the questions to ask my CPA and attorney. Thank you, in advance. Mike

To: steve goldman who wrote (4357)	3/21/1999 7:28:00 PM
From: Barronio	Read Replies (1) \| Respond to of 4969

Steve, Here's something that happened to me, could you render an opinion whether the broker was just making something up, or whether this could be true? I tried to short a stock, they said no borrow available. I said I was simply trying to short against the box, and I would move the shares from the cash section of my account to the margin section so I could borrow them from myself. The broker said, "No, we borrow all shares externally and don't borrow at all from our own customer's accounts". This sounds strange to me, though I can see how it might simplify their internal record-keeping. I use Waterhouse. What do you think?

To: steve goldman who wrote (4357)	3/22/1999 7:46:00 AM
From: 1-DAY-TRADER	Respond to of 4969

Steve,and ALL day-traders .. can you honor us and join our conference ?? Please come and visit this thread now or as soon as possible :)) Subject 26776