Each of the five 'FAANG' stocks – Facebook, Amazon, Apple, Netflixand Google-parent Alphabet – slipped into a bear market during Monday trading. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high.
Interactive Brokers & Ameritrade. US got no CDP --- so if you use brokerage for active trades, then your securities are held thru the broker company. (What we Sinkies would call "nominee account")
Reputable US brokers should be insured under SIPC for US$500K of securities per individual.
The term "custodial account" has a different meaning in US brokerage --- something like joint account with minor or mental handicapped with power of attorney.
FAANGs kena fanged by bearbear LOL!!
ReplyDeleteHmmm although I'm no fan of individual coys, maybe should put them on my watchlist ;)
Anyway got a relatively small position in QQQ already ... bought on 30 Oct US time (Halloween trade).
Damn ... should have waited longer! LOL!!
Hi Temperament,
ReplyDeleteInteractive Brokers & Ameritrade. US got no CDP --- so if you use brokerage for active trades, then your securities are held thru the broker company. (What we Sinkies would call "nominee account")
Reputable US brokers should be insured under SIPC for US$500K of securities per individual.
The term "custodial account" has a different meaning in US brokerage --- something like joint account with minor or mental handicapped with power of attorney.