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  1. J

    How safe are shares held in Stockbrokers' nominee accounts?

    Right so you are responsible for an AUM equivalent to over half the AUM of DB, UBS or CS.... well having spent 31 years in the sector in mainland Europe, I have Never met any one person with responsibility remotely close to that kind of figure. Having consulted at all three and a few more, I’d...
  2. J

    Understanding Davy's online charges and custody arrangements

    Actually could you confirm exactly who's name the shares are held in.
  3. J

    How safe are shares held in Stockbrokers' nominee accounts?

    I can’t comment on Davy, but in the cases I have worked on that is not what actually happens. If the brokerage firm has a sufficient holding with their nominees to cover your trade, then no physical transaction will take place, just a paper transaction on the books of the broker.
  4. J

    How safe are shares held in Stockbrokers' nominee accounts?

    And that is the point, if the shares are in some way the legal property of the brokerage, no liquidator is going to wash their hands of them since it would expose them to claims by the creditors. In such a situation you have no documentation that identifies a particular block of shares as...
  5. J

    How safe are shares held in Stockbrokers' nominee accounts?

    Very rarely actually. Most times ‘street name’ means that the shares are held in some obscure name other than the brokers name.
  6. J

    How safe are shares held in Stockbrokers' nominee accounts?

    This is just nonsense. Once the company is under the control of an administrator or liquidator they will not be in a position to do anything because they will have no legal authority to do so. Hell they probably won’t even be employed there never mind having access to the records etc.
  7. J

    How safe are shares held in Stockbrokers' nominee accounts?

    Where they are held is not of great importance, but in whose name are they registered that is the big issue. Basically if you’re broker goes bust and most of your positions are in ‘street name’ you are done for. In such cases you will have no choice but to deal with the liquidators. If you...
  8. J

    180k to invest in Irish Property

    Learn about investing, understand what property is such a high risk asset class and is discouraged as a major holding. Build a portfolio that will generate a superior result with lower risk profile over the next 20+ years.
  9. J

    irish reits

    You missed one... not a single one of them are suitable for including in the portfolio of most Irish investors.
  10. J

    irish reits

    Except it was not some people it was most people. And the was majority lost not because of the recession nor the banking crisis but because they ignored the basic rules. And the exact same thing will happen again, the build up is already under way.
  11. J

    irish reits

    And this kind of nonsense is exactly why Irish households lost more in personal wealth than most other countries...
  12. J

    Non-contributory state pension - lump sums

    She has contributed nothing towards this pension... and you think it fair that the taxpayer should continue to sub her when she clearly has over twice the allowed savings.... put your sense of entitlement in check for a change.
  13. J

    cabot financial letter

    It is standard practice these for days to withhold both caller id and phone number, so that if your phone is left on a desk etc... people will not now who is calling you.
  14. J

    Spanish property worth it

    So you want some random person on the internet to do your homework and tell you if it is a good idea... if you don’t know the answer to most of your questions, then it is not. Investing in something you know about, you have a better chance of at least not loosing money.
  15. J

    Very Strange Company Indeed . . .

    Apparently it is a family run company, they don't want to do it. Thats where it ends.
  16. J

    Very Strange Company Indeed . . .

    And presumable if they had wanted to, they would have gone over the market, but they did not... this may come as surprise to you, but not everyone wants to make more money. If they make a comfortable living as they are are happy with it, there is not reason why they should have to take on the...
  17. J

    Car won't sell at Auction but owner is overseas ..suggestions

    Make sure they will in fact accept it on their property before you get landed with it, for a start.
  18. J

    Very Strange Company Indeed . . .

    If they have no particular interest in selling to the UK/Ireland why would they??? Of the four manufacturing firms here in my village at the edge of the Emmental, only one actively seeks international sales. The other three don't. They all have eShops, even in English (for the local who don't...
  19. J

    irish reits

    No because it does not give you the proper type of diversity you should be looking for in a Euroland REIT and on top of which it is basically a penny stock, so it should have no place in the portfolio of most investors.
  20. J

    Accident with substandard tyres, insurance company refusing cover. Options?

    You want to add contributory negligence to the mix as well....
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