what are your contingency measures?

Discussion in 'Retail Brokers' started by qdz2, Mar 5, 2003.

  1. qdz2


    Have your prepared your contingency measures to protect your capitals with your brokers just in case if something happens to them.

    Will you be wiring cash out quickly enough? Will you always have some security positions rather than holding cash? Will you order your security certificates to claim the ownership of your positions? Will this make a difference? Anyway, I'd like to hear what you do to manage this kind of risks? Thanks.

  2. Miki


    No measures - easy come easy go.
  3. Select a broker with good insurance.
  4. Withdraw large portions of your money regularly. :D
  5. Actually, no... even if you did, if the brokerage is going down... the broker himself will find out at the same time as you.
  6. lindq


    I have trading accounts with two different brokers, which each have their backroom systems in different parts of the country. It sometimes makes record keeping a bit more difficult, but I feel safer knowing that if someone does crack an account, or if there is a major meltdown, I will at least survive.