Your stocks are NOT safe | |
smokahontas User ID: 939083 Canada 10/06/2012 03:53 PM Report Abusive Post Report Copyright Violation | Nor are your Pensions, 401 k, Bank Accounts, Safety Deposit Boxes, Or Your Property. People are so dumbed down though they will never see it before its too late. "I may not agree with what you say, but I would defend to the death your right to say it." Voltaire "Facts do not cease to exist just because they are ignored." Aldous Huxley |
Anonymous Coward User ID: 22421783 United States 10/06/2012 03:53 PM Report Abusive Post Report Copyright Violation | |
G3 User ID: 497757 United States 10/06/2012 04:01 PM Report Abusive Post Report Copyright Violation | |
sylvie (OP) User ID: 25044892 United States 10/06/2012 04:01 PM Report Abusive Post Report Copyright Violation | I only dabbled in the stock market for a little while, but it wasn't for me and I didn't feel good about having money in stocks, so I got out after a year or so. Obviously, stocks are not *safe* (as in "bullet-proof") anyway; share prices go up and down, even more so when you move into the small-cap sector -- but that's not what I'm talking about. What I'm talking about is that if you think you own shares of a company, YOU ARE MISTAKEN. That used to be the case, but isn't anymore. Unless you have paper stock certificates at home, like in the olden days, you have nothing, really. And they don't like to issue those paper certificates anymore so they can get on with their scheme. If I WERE still in stocks at this point, I'd get out immediately. |
sylvie (OP) User ID: 25044892 United States 10/06/2012 04:09 PM Report Abusive Post Report Copyright Violation | If there's any kind of implosion of the financial system (and as we've seen in many, many threads lately, there's a very good chance of that happening in the near future), those small-time investors and retirees could be left with nothing. Now, you could say if there's a stock market crash, they'd be left with nothing anyway, but historically, even in the 1929 crash, for example, there were always stable, good companies -- many of them dividend payers -- that made it. THIS is completely different; it has to do with the definition of a stock itself - and that's unfortunately just about all I can say about it. Last Edited by sylvie on 10/06/2012 04:10 PM |
sylvie (OP) User ID: 25044892 United States 10/06/2012 04:18 PM Report Abusive Post Report Copyright Violation | |
smokahontas User ID: 939083 Canada 10/06/2012 04:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 22421783 United States 10/06/2012 04:22 PM Report Abusive Post Report Copyright Violation | Most people are trying to keep from being homeless and you want to talk about stocks, 401K's and IRA's. You stupid rich bitch, what "advice" you are giving was needed maybe 5 years ago. Too late for most. Now it's just some rich bitch wringing her hands about her fucking money! Kiss my ass. |
smokahontas User ID: 939083 Canada 10/06/2012 04:23 PM Report Abusive Post Report Copyright Violation | Most people are trying to keep from being homeless and you want to talk about stocks, 401K's and IRA's. You stupid rich bitch, what "advice" you are giving was needed maybe 5 years ago. Too late for most. Now it's just some rich bitch wringing her hands about her fucking money! Kiss my ass. You mad bro? "I may not agree with what you say, but I would defend to the death your right to say it." Voltaire "Facts do not cease to exist just because they are ignored." Aldous Huxley |
The Governor User ID: 25061971 United States 10/06/2012 04:26 PM Report Abusive Post Report Copyright Violation | I found out yesterday that contrary to what most people think, stocks aren't safe at all -- what I'm saying is that ordinary stock investors like you and me have basically no protection whatsoever. Quoting: sylvie You mean the FDIC doesn't cover my FaceBook loses? This isn't news OP, this is obvious to anyone who has traded stocks. |
The Governor User ID: 25061971 United States 10/06/2012 04:27 PM Report Abusive Post Report Copyright Violation | Most people are trying to keep from being homeless and you want to talk about stocks, 401K's and IRA's. You stupid rich bitch, what "advice" you are giving was needed maybe 5 years ago. Too late for most. Now it's just some rich bitch wringing her hands about her fucking money! Kiss my ass. This is a prediction: AC is going to die like he lived: Bitter and poor. |
The Governor User ID: 25061971 United States 10/06/2012 04:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 14118171 United States 10/06/2012 04:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 24461947 United Kingdom 10/06/2012 04:37 PM Report Abusive Post Report Copyright Violation | I only dabbled in the stock market for a little while, but it wasn't for me and I didn't feel good about having money in stocks, so I got out after a year or so. Quoting: sylvie Obviously, stocks are not *safe* (as in "bullet-proof") anyway; share prices go up and down, even more so when you move into the small-cap sector -- but that's not what I'm talking about. What I'm talking about is that if you think you own shares of a company, YOU ARE MISTAKEN. That used to be the case, but isn't anymore. Unless you have paper stock certificates at home, like in the olden days, you have nothing, really. And they don't like to issue those paper certificates anymore so they can get on with their scheme. If I WERE still in stocks at this point, I'd get out immediately. YES DO NOT USE 'NOMINEE' ACCOUNTS. GET PAPER CERTIFICAES FOR YOUR SHARES AND YOUR NAME ON THE REGISTER OF SHAREHOLDERS. THEN YOU OWN THE SHARES. OTHERWISE, YOUR BROKERAGE WILL USE YOUR SHARES TO SHORT YOUR SUPPOSED INVESTMENT. THIS IS A FACT. |
The Governor User ID: 25061971 United States 10/06/2012 04:38 PM Report Abusive Post Report Copyright Violation | I only dabbled in the stock market for a little while, but it wasn't for me and I didn't feel good about having money in stocks, so I got out after a year or so. Quoting: sylvie Obviously, stocks are not *safe* (as in "bullet-proof") anyway; share prices go up and down, even more so when you move into the small-cap sector -- but that's not what I'm talking about. What I'm talking about is that if you think you own shares of a company, YOU ARE MISTAKEN. That used to be the case, but isn't anymore. Unless you have paper stock certificates at home, like in the olden days, you have nothing, really. And they don't like to issue those paper certificates anymore so they can get on with their scheme. If I WERE still in stocks at this point, I'd get out immediately. YES DO NOT USE 'NOMINEE' ACCOUNTS. GET PAPER CERTIFICAES FOR YOUR SHARES AND YOUR NAME ON THE REGISTER OF SHAREHOLDERS. THEN YOU OWN THE SHARES. OTHERWISE, YOUR BROKERAGE WILL USE YOUR SHARES TO SHORT YOUR SUPPOSED INVESTMENT. THIS IS A FACT. Yes ^this^ is true, if that's what OP was referring to. |
Anonymous Coward User ID: 22421783 United States 10/06/2012 04:39 PM Report Abusive Post Report Copyright Violation | Real funny assholes here. Poor people are a real funny topic? Angry? Fuck yes. People that can't see the pain right now in the world disgust me. Actually I got out of stocks and cashed in my 401K long ago and did just fine. The utter lack of compassion and lack of awareness is disgusting. I can just hope that most of you are just stupid kids. If not, may God help you... |
Anonymous Coward User ID: 25070120 Italy 10/06/2012 04:41 PM Report Abusive Post Report Copyright Violation | Real funny assholes here. Poor people are a real funny topic? Angry? Fuck yes. Quoting: Anonymous Coward 22421783 People that can't see the pain right now in the world disgust me. Actually I got out of stocks and cashed in my 401K long ago and did just fine. The utter lack of compassion and lack of awareness is disgusting. I can just hope that most of you are just stupid kids. If not, may God help you... |
Anonymous Coward User ID: 24957083 United States 10/06/2012 04:44 PM Report Abusive Post Report Copyright Violation | |
Angelic_Warrior User ID: 23290196 United States 10/06/2012 04:44 PM Report Abusive Post Report Copyright Violation | You mad bro? Probably a democrat Thank you OP for the head's up. Is there anyplace that is more safe? Just thought I'd ask But the natural man receiveth not the things of the Spirit of God: for they are foolishness unto him: neither can he know them, because they are spiritually discerned. I Corinthians 2:14 God doesn't choose favorites.. They choose HIM It is not the greatness of my faith that moves mountains but my faith in the greatness of God |
Anonymous Coward User ID: 24461947 United Kingdom 10/06/2012 04:45 PM Report Abusive Post Report Copyright Violation | There is a way and means of protecting against this. Direct Registration and Certificate Costs: Regardless of the website for the DTC system, a competitor of the DRS, the following is the cost of both direct registration and certificate issuance by the transfer agent: ZERO. Any charges quoted to you are inventions by the brokers or their clearing house generally structured to dissuade you from leaving the system or to earn something for nothing. |
The Governor User ID: 25061971 United States 10/06/2012 04:45 PM Report Abusive Post Report Copyright Violation | You mad bro? Quoting: Angelic_Warrior Probably a democrat Thank you OP for the head's up. Is there anyplace that is more safe? Just thought I'd ask Last Edited by The Governor on 10/06/2012 04:46 PM |
Anonymous Coward User ID: 24461947 United Kingdom 10/06/2012 04:50 PM Report Abusive Post Report Copyright Violation | from someone with experience: Both TD Ameritrade and EverTrade (using Penson as agent) told me $500 to $600 to register each stock. I sold all my positions and opened an account with ScotTrade. ScotTrade does DRS for eligible stocks for $0.00. I found that many companies and Canadian stocks do not use the DRS system. I sold all of those. |
Anonymous Coward User ID: 720559 Australia 10/06/2012 04:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1230442 United States 10/06/2012 04:54 PM Report Abusive Post Report Copyright Violation | A friend of mine has a business that invests money for banks. Big banks. He's worth 44M. He confided in me this week that the whole market is going to collapse soon and it will level the banks. Because of Bernake's actions and its affect on government bonds that banks are required to invest in and that stocks are way over priced. We didn't get into detail but he had no reason to bullshit me. He sort of had this attitude like he was just playing the game until there is no game left to play and implied that's what the banks, his clients are doing too. The big boys know the game is over and the average investor thinks they are safe. Probably nothing new to us here but it just reaffirmed what you are saying. |
Anonymous Coward User ID: 9106140 United States 10/06/2012 04:54 PM Report Abusive Post Report Copyright Violation | |
scubastock User ID: 4649382 United Kingdom 10/06/2012 04:56 PM Report Abusive Post Report Copyright Violation | Here are some tips these are company on www.lse.com on the London aim MARKET the code for the the share are as follows SOU...WAIT BUY AT 0.60 WSG...WAIT BUY AT 0.22 OPE...WAIT BUY AT 0.42 SGRO..WAIT BUY AT 222.00 NTOG..WAIT BUY AT 0.37 WET...BUY NEXT PUSH THIS WEEK 0.18 RERATE 0.33-0.40 take this how you see it but you will make money put buy orders in sell when you want no odds to me but i make a hell of a lot of money ...... |
Cautious User ID: 13582764 United States 10/06/2012 04:56 PM Report Abusive Post Report Copyright Violation | Get out of the stock market now! Only keep enough in the bank each month to cover that month's expenses! (In case there is a long bank holiday) Buy up to 1000 ounces of silver first. Hide it and forget it for about 5 to 10 years. With the rest of your cash, buy as many ounces of gold that you can get. Hide it and forget it for about 5 to 10 years. Keep a few ounces of gold around for emergency cash. Keep buying gold, and every time you get 10 ounces, hide it and forget it for about 5 to 10 years. In 5 to 10 years you should be in great shape financially! |
Anonymous Coward User ID: 24461947 United Kingdom 10/06/2012 04:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2475575 United States 10/06/2012 04:57 PM Report Abusive Post Report Copyright Violation | |
boilerbengal User ID: 24195231 United States 10/06/2012 05:01 PM Report Abusive Post Report Copyright Violation | I not only believe what you say is true, i have already prepared for it. it seems as though this is difficult for people to understand. i believe also those who deny the situation we are in can't in their minds accept it. its almost as a defense mechanism to preserve them from reality. I'm glad i did all i can do. Now its nothing more then a waiting game. The road the can gets kicked down is only so long. i personalty look at all the money printing as destructive but at the same time regard the extra time to prepare a blessing. A Clear Choice Is Upon US. Communists VS. Capitalists |