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@traderjo I'm not "true believer" in crypto, and I'm not trying to "convert" you or anyone else LOL. I don't trade crypto. I don't own it. I don't use it. I could see using it one day if there was a genuine commercial purpose or advantage. For example, if someone had something I want to buy...

If you are trying to say that this is how the system should work, then I suppose that is a reasonable opinion. But this is not how the system actually works. Bitcoin and other decentralized cryptocurrencies can change hands without the involvement of any financial institution or exchange. If it...

In some cases, there may be a domino effect or chain reaction, in which each bank that is involved can recover the money by getting it back from the next bank. For a complete answer, you would have to read the federal regulations governing ACH transfers, or talk to someone who works in that...

Fraudulent ACH transactions can often be reversed to recover the money. The concept, and the process, are similar to stopping payment on a check, or the reversal of a deposit when a traditional paper check is returned for insufficient funds. I have addressed this in more detail in a different...

Many "true believers" in crypto think that eventually it will become commonplace for people to get paid in crypto for work they perform, and then use that crypto to buy things like gas and groceries, and operate completely outside the conventional banking system.

It is possible to acquire cryptocurrency without purchasing it from an exchange. Your next question will be "Well, okay, but then how are you going to convert it into fiat money without going through an exchange?" The answer is: It is possible to trade crypto for fiat money by dealing directly...

@zdreg wrote: Most brokers will allow you to link a second or even a third bank account to your brokerage account. Or change the relevant data to reflect a new account if you have closed the old account (or if the bank itself closes). But most brokers will not transfer funds to or from a...

Let's see how long it takes for the hacking affair to become part of the Robinhood Wikipedia article... As of 10:20 PM eastern time on October 9, there is no mention of it. https://en.wikipedia.org/wiki/Robinhood_(company)

You make a good point, but you are assuming that the hack involves thousand or millions of customers, and millions of dollars. This Robinhood thing may only involve a couple hundred customers, and the damage may only be six figures. As I said in my earlier post, Robinhood may well have some...

I have not read the full text of Bloomberg article, because they have a paywall, or else they want me to get out of private browsing, which I am not going to do. But I found this article at Gizmodo: https://gizmodo.com/robinhood-hackers-stole-from-the-rich-and-gave-to-them-1845328723 Robinhood...

I have to disagree here. I am certainly not saying that the customers at Robinhood whose accounts were hacked have not recourse or protection. But SIPC is intended to protect accountholders from losses if the brokerage fails. Failure, in this context, refers to the brokerage becoming insolvent...

Try the Young Adult Fiction section of your local bookstore. BMK

You really, seriously, need to pay for the services of a competent estate planning attorney. In the USA, the kind of sophisticated estate planning you are talking will cost you several thousand dollars in attorney's fees. If you can't afford that, then your net worth is not high enough and you...

The correct term is beneficiary, and it refers to someone who receives money or property from your will or from a trust.

Your concern is valid, but there are other ways to address that concern. , The word executioner means someone who performs an execution, and that means killing someone. The correct term is executor. And the term benefactor, used in one of the replies, refers to someone who gives money away...

Was that book any good?

Anyone ever heard of this guy? https://www.joeduarteinthemoneyoptions.com/ Most of his advice is outright buy recommendations for stocks. Sometimes he recommends a buy/write. He always provides a sell stop. His recommendations are not day trading. But it isn't long-term buy and hold, either...

Maybe @Overnight meant that by insisting on using hardcopy books, magazines, and newspapers, one would be contributing to the destruction of our environment. Maybe he thinks that hardcopy newspapers are delivered by vehicles with gasoline engines, i.e. by the US Postal Service or something. I...

Tradex wrote: I like old-fashioned paper products, too. But the price of a traditional paper subscription to FT is really high. And I live in a remote, rural area. The paper could not possibly get to me the same day it is published. We get the Sunday New York Times on Tuesday LOL. And one...

For individual subscribers in the USA, The Financial Times offers an electronic subscription called ePaper for only $99.00 per year. It is not the same as a "digital subscription." It is described as a "digital replica of the printed FT newspaper." In other words, it's an image of the printed...