Another reminder that the real Igy publicly washed his hands of this thread weeks ago. Either this guy is a fake, or the real Igy us a liar. I know which one I believe.
Another reminder that the real Igy publicly washed his hands of this thread weeks ago. Either this guy is a fake, or the real Igy us a liar. I know which one I believe.
Yeah' that too.
Sally,
My friendly nemesis, perhaps I am missing something, but I don't think I said "stocks can't be converted to cash." That would not make any sense. Perhaps you are referring to a comment on traders versus investors?
Some bonds are back by assets, or the full faith and credit of the institution, others are merely a promise to honor, and neither have the backing of assets or the institution credit quality is questioned. That is why bonds have credit quality rated by S&P, Moody's or Fitch. In 2016 the recovery rate on defaulted bonds is 20 cents on the dollar. If that is a guarantee of return of principal in your mind, well OK.
As far as misspellings go, I post often, and am replying to a variety of posters. I also post on an IPad as the wife makes dinner. I'm not as nibble as you youngsters. I proof read once and go.
Igy
Yor standard for "liar" is pretty thin. I can do what I want and care very little what you think. As far as I am concerned you may have been the jerk stealing my handle.
Igy
If you don't care what I think, why are you replying?
I wanted to accuse you of being the jerk that was stealing my handle.
Nibble? LOL. Well done, troll, but your cover has been blown.
B N M next to one another on the keyboard. Perhaps beyond your comprehension.
Igy
LOL. M is not next to B. The jig is up, troll. I'm sure it was fun while it lasted. Time to slink away.
Yes, I am the troll. But I did correct your error on bonds.
The New Igy
Nice try. It's over.
Sally,
Please don't go. I'm sorry, I didn't really mean to say you are "wrong." But you might want to Google "are debentures guaranteed. "
I'm sorry, I real am.
The New Igy
I'm not biting. Try the Rossi thread. You have a registered name albeit a stolen one. Have fun.
Sally,
I'm sorry, for pointing out your errors. I am only picking up where the Real Igy left off.
Why can't I be Igy?
Please come back, I need your foolishness.
The New Igy
Don't say I didn't warn you.
I'm not as fast as I used to be.
For entertainment purposes -- triggered by the opportunity caused due to the Brexit induced drop in the market -- I have been pushing a chunk of dough into a ETF (or pulling it out) at the start of each day base on how the markets are doing in Europe.
Pushed in yesterday morning -- made some dough.
Today it's looking like I will take it out -- I'll give it another 1/2 hour or so.
Does anyone know of any studies as to the correlation of the American market to the Euro markets that are 6 or 7 hours ahead? If the American markets follow the Euro one more than 50% of the time, maybe there is some dough o be made.
Maybe I won't be doing this.
Apparently this is a "Good Faith Violation".
I got this email.
"You recently received a Good Faith Violation (which is a violation of SEC settlement rules that I will explain below) that occurred in your account. Your account is not restricted, but it may be with further violations.
When you sell a stock or ETF, the trade settles in 3 trading days, which is when the funds become available to transfer/withdraw. So in this case, once you sell a stock you will have to wait the 3 trading days to be able to use the funds for trading as well due to the restriction.
A Good Faith Violation occurs when you purchase an investment with unsettled funds, then sell that security before the proceeds used for the purchase have settled. The SEC normally allows you to sell an investment, then immediately use the unsettled funds to buy another investment. However, if you sell the new investment before the first sale settles (which takes 3 trading days for a stock settlement) then it is a Good Faith Violation."
Can any of your folks who work in investments explain the "logic" behind this? Is what I am being told true?
U.S. stock futures on Thursday pointed to a small drop at the open, putting the Dow industrials on track to halt a nine-session winning streak.
Investors are focusing on an update due from European Central Bank President Mario Draghi, and for a big dose of U.S. economic data and earnings reports.
Dow Jones Industrial Average futures dropped 25 points, or 0.1%, to 18,506, while S&P 500 futures shed 2.35 points, or 0.1%, to 2,165.25. Nasdaq-100 futures were roughly unchanged at 4,650.75
"What will be interesting today is how Mario Draghi will address how the eurozone should attempt to mitigate the impacts of the Brexit," said FXTM analyst Lukman Otunuga in a note.
On Wednesday, the Dow and S&P both advanced moderately to close at fresh record highs. The Dow has risen for nine trading days in a row, marking its longest winning streak since March 2013.
T+3 rules. Trade day one, the trade settles (you are delivered the stock) three days later.
Igy