Money and Finance
When it comes to investing there's more than the normal definition of investing across multiple companies that operate in different sectors of the economy. There's also diversification among the brokerages that you have capital invested at. In the case of a brokerage firm becoming insolvent most times your assets will be transferred in a timely manner to another registered brokerage firm. There's also SIPC insurance that will kick in that acts in much the same way as the FDIC insurance that banks fall under. You can read more about SIPC and what happens in the event of a brokerage firm failure here. The transfer of your assets should take place in a timely manner but I'd hate to be relying on access to my dividends once I reach financial independence and having to deal with a brokerage failure.
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- Mf Global Redux As Regulator Says Pfgbest Client Funds Missing
Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest...
- Mf Global Risk Officer Says Ousted After Warnings
The former chief risk officer at MF Global who raised red flags about the firm's aggressive trading bets told lawmakers that his warnings contributed to the firm's decision to let him go in early 2011. Michael Roseman, who was ousted in January...
- Recent Buy
Whenever I make a new purchase for my portfolio I feel it's only fair to get a post written giving all of the juicy details. I want to be as transparent as possible with my journey to reach financial independence through dividend growth investing....
- Dividend Update - October 2013
Another month down. Seems like just yesterday I was having to switch to October and now we're already moving on to November. The debt ceiling and budget debate came and went with a decent sized dip coing about 2 weeks before the deadline, but...
- Roth Ira
I originially opened a Roth IRA to invest in mutual funds through Vanguard. I got to thinking about the expense ratios, which Vanguard is usually the lowest, however by purchasing solid dividend paying companies with solid fundamentals you'll pay...
Money and Finance
Alternative Brokerages
When it comes to investing there's more than the normal definition of investing across multiple companies that operate in different sectors of the economy. There's also diversification among the brokerages that you have capital invested at. In the case of a brokerage firm becoming insolvent most times your assets will be transferred in a timely manner to another registered brokerage firm. There's also SIPC insurance that will kick in that acts in much the same way as the FDIC insurance that banks fall under. You can read more about SIPC and what happens in the event of a brokerage firm failure here. The transfer of your assets should take place in a timely manner but I'd hate to be relying on access to my dividends once I reach financial independence and having to deal with a brokerage failure.
Read more »
- Mf Global Redux As Regulator Says Pfgbest Client Funds Missing
Less than nine months after MF Global's collapse sent shockwaves through U.S. futures brokerages, news that more than half the customer funds at Iowa-based PFGBest are missing is threatening to shatter the fragile confidence in the industry. PFGBest...
- Mf Global Risk Officer Says Ousted After Warnings
The former chief risk officer at MF Global who raised red flags about the firm's aggressive trading bets told lawmakers that his warnings contributed to the firm's decision to let him go in early 2011. Michael Roseman, who was ousted in January...
- Recent Buy
Whenever I make a new purchase for my portfolio I feel it's only fair to get a post written giving all of the juicy details. I want to be as transparent as possible with my journey to reach financial independence through dividend growth investing....
- Dividend Update - October 2013
Another month down. Seems like just yesterday I was having to switch to October and now we're already moving on to November. The debt ceiling and budget debate came and went with a decent sized dip coing about 2 weeks before the deadline, but...
- Roth Ira
I originially opened a Roth IRA to invest in mutual funds through Vanguard. I got to thinking about the expense ratios, which Vanguard is usually the lowest, however by purchasing solid dividend paying companies with solid fundamentals you'll pay...