Abouttbaarr Expertise I answer only public questions so all can benefit .
I do NOT endorse any of the website ads that will bring you to my answers.
I have started a blog called ..AS Tbaarr Sees It.. tThats the only site where I might benefit from any ads,see below for the address.
I dont care about ratings as i am not here to make you buy a service from me... If you want my opinion just ask me...
I was a askme.com expert who was consistantly in the top ten....
I have found my screename,on google,being used without my permission to promote
scottrade and other garbage... Ask me here first before you
try any service that is claiming my screename or using it as a link....
PLEASE let me know at my webpage or blog....
http://www.geocities.com/tbaarr/night_vision.html.. ..
http://www.tbaarr.blogspot.com/
....So i can go after them
Thank you
MY BROKER OF CHOICE IS CHARLES SCHWAB
Experience I retired in 1996 at the old age of 39 by using city based utilities and leap call options. on stocks like ibm and wal mart because you can control these stocks for 2 years for ten cents on the dollar.
As of 1998 I got married and went to work driving Big Rig in 2004 so I could provide my 2 daughters,who are 4 and 8 as of 2007, with QUALITY AFFORDABLE health insurance. THIS job still allows me to trade but will cause you a slightly longer wait for any answer.. I apologize for This but my families welfare comes first..
I am a investor only so i am not here to force anything on you and choose this site because it was free
The subjects listed below cover the main reasons i feel justified to call myself an expert
the stocks I trade and why
my options strategy
my use of credit cards
how to achieve multiple card accounts
some ways to get your first credit card,that i know work
how to make approx 120 a year by simply paying your bills with a credit card
any questions outside of these topics
i will attempt to answer or just say sorry i cant help you
Question With all the current financial mess, I was wondering what happens to the stocks people bought and hold through brokers like Lehmans or Merrill? Are their holdings simply moved to the bank or other broker that buys Lehman for example? So if someone owns 100 shares of GE which they bought through their brokerage account with Lehmans, do these shares get moved to Lehman's buyer who now holds these shares for the investor and the that person would then still own these 100 shares of GE but now held by the new buyer?
And what about their cash account they had with Lehmans? Is that "toast" or does that move also to their name with the new buyer.
I looked all over to better understand what happens in this situation but came up with nothing.
Thank you.
Answer first did you call up your brokers office and ask. Now when my coales sabol accounts were aquired by Muriel Siebert... I merely got a letter informing me of my new broker number to call.... As far as lehman I dont know but you might call the main broker I use ....Charles Schwab.... and ask if there is a way you could transfer your account and will you get all your holdings...... Thats the direction I would follow ... If schwab is not a choice for you then call another reputable broker that has live human people to talk to..... that to me is a number 1 issue that I will pay a higher commission to get ....hope that helps .......good luck.... you may want to check my blog at www.tbaarr.blogspot.com and look at my recent entries about Ibm .....I am up 16 percent since sept 9
