Comments on: Banks going empty quickly

By: Investingnoob

Investingnoob — Thu, 24 Jul 2008 13:30:03 +0000

how did you know indymac was in danger? can you point out the list to me? i’m worried about the banks i use, but i cant seem to find a list online.

By: CHESSNOID

CHESSNOID — Sat, 12 Jul 2008 17:15:32 +0000

Looks like you called it right on IndyMac. Taken over yesterday on a Friday.

“It’s not Friday yet, on which day FDIC usually shutdown the banks. Better clean out your secure deposit boxes before your local branch disappears. Stick with the strongest bank for now:”

What do you think will happen to Fannie Mae and Freddie Mac come this week?

Cheers!

By: Amit C

Amit C — Wed, 09 Jul 2008 20:10:50 +0000

Thanks Frugal!

By: Frugal

Frugal — Wed, 09 Jul 2008 13:47:46 +0000

Erik,

I scale down the numbers of my net worth by a fixed constant on the web, so that people don’t know exactly how much it is, but rather just the ups and downs. Please read it carefully.

Regards.

Amit,
I’m using Interactive Brokers, WellsFargo, FirsTrade, TDAmeritrade, and still Scottrade (for my relatives only because I cannot reopen accounts for them).

By: Erik

Erik — Wed, 09 Jul 2008 07:41:35 +0000

Hi Frugal,
Just curious. I saw that you had one million dollar at 33, but today your net worth is about half a million. Could you share with me what happened in between? I had a paper net worth of close to a million dollars only about 9 months ago, but today my net worth is less than yours, so I can feel the pain of the loss if that is what you experienced also. If you like, please reply to my email if you don’t feel like posting. Thanks and good investing!

By: Amit C

Amit C — Wed, 09 Jul 2008 06:55:57 +0000

Frugal,

What online brokerage are you currently using, specially for your mutual funds?

Thanks
Amit