These changes are unprecedented and will ultimately represent some excellent investment opportunities. Nevertheless, because the changes also impact your holdings you should know what to expect going forward. Economic BackgroundThe housing market meltdown that we forecasted and discussed at length in previous newsletters continues to plague financial institutions. The losses are so significant, they are […]
May 13, 2008
Schwab and the SIPC have you covered With current market conditions resulting in large losses at Merrill Lynch, UBS, and the recently bailed out Bear Stearns, investors are understandably wary about the financial condition of their brokerage firm. For this reason MCS feels it’s important to address two questions that may be on your mind.