Dow Jones 11,000 preemptive thread

[legion]

yep, looks like we'll hit 11,000 by nxt week.

big money! no whammies, no whammies!!

hows gold doing, ya'll?

 

[tmosley]

big money! no whammies, no whammies!!

hows gold doing, ya'll?

Paper gold is holding up quite well.

 

[legion]

Paper gold is holding up quite well.

stocks are going to go up forever because nobody actually owns stocks. after all, how many people do you see every day holding physical stock certificates? i own all my stock certs and am going to be insanely wealthy when this market manipulation is exposed.

 

[Che]

stocks are going to go up forever because nobody actually owns stocks. after all, how many people do you see every day holding physical stock certificates? i own all my stock certs and am going to be insanely wealthy when this market manipulation is exposed.

small caps stocks are goin through roofs !!!

 

[Zippyjuan]

Paper stock certificates are not worth more than electronic ones. They can be harder to sell and may cost more in transaction fees so are probably worth less than electronic shares. It is not the same deal as having physical gold vs paper gold.

http://www.usatoday.com/money/perfi/columnist/krantz/2006-04-11-stock-certificates_x.htm

Some of these fees can be hefty, even among discount brokerages. An informal search of several brokerages shows that you should consider yourself fortunate. Ameritrade, for instance, says on its fee schedule that it charges $40 for certificate delivery. BuyandHold charges $30. E-Trade charges $40 for stock certificate delivery.

Even Scottrade, which promotes its low commissions, charges $40 for stock certificate delivery.

My informal survey shows Ameriprise has one of the lowest stock certificate delivery fees, at $15. But its stock commissions of $19.95 are higher than many other online brokers.

 

[Che]

up we go..

 

[tmosley]

Paper stock certificates are not worth more than electronic ones. They can be harder to sell and may cost more in transaction fees so are probably worth less than electronic shares. It is not the same deal as having physical gold vs paper gold.

http://www.usatoday.com/money/perfi/columnist/krantz/2006-04-11-stock-certificates_x.htm

I sold some silver the other day. It went a lot faster than it would have had I been selling shares of SLV. Handed over some silver, and got cash. If I had sold some SLV or miners, it would have taken several days before the money "settled" in my account, and then another three days to transfer it to my bank.

Paper certificates are probably just fine if you have an old-school broker around somewhere near your home.