Kiplinger

Stockbrokers Told These 2 Clients NO, for Their Own Good

Some time ago, a reader contacted me, upset with her stockbroker for not following her instructions to purchase a large number of shares in a company with significant losses due to COVID-19. The share price had plunged, and she wanted to take advantage.

She acknowledged seldom making stock investments; rather she typically just parked retirement funds in the brokerage’s money market account and CDs.

I received permission to speak with her family and the broker, and my initial impression was that there must have been some reason for the broker to reject the “buy” instruction, likely a suspicion of dementia or another form of diminished mental capacity.

“That was my

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Kiplinger

Kiplinger1 min lettiAmerican Government
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
President Biden's latest economic "Build Back Better" package – the $1.8 trillion American Families Plan – isn't kind to America's upper crust. It would provide a host of perks and freebies for low- and middle-income Americans, such as guaranteed fam
Kiplinger2 min lettiSocial Science
The Consequences of Gray Divorce
Divorce rates overall are increasing but it is notable that the number of divorces for those over age 65 has tripled in the last 25 years. The term “gray divorce” was coined by the AARP to describe adults 50 and up who are going through a separation.
Kiplinger2 min letti
The 25 Best Stocks of President Biden's First 100 Days
President Joe Biden's first 100 days have effectively been several months of heaven for investors – especially those lucky enough or smart enough to have exposure to the 25 best stocks since the inauguration. Mind you, it hasn't exactly been necessar