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re: Call the bottom on JPM

Posted on 5/15/12 at 3:01 pm to
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 5/15/12 at 3:01 pm to
quote:

My bank is really laid back about all things related to the stock market. They give a 15% discount on complany stock purchased with up to 15% of my paycheck and there is no lockup period. I buy the max amount every month and turn right around and sell it.


My firm(not a bank) won't let us trade any individual securities, only mutual funds and ETFs. Only way I could buy a stock was if I made a written and oral plea to our president explaining that there was no client conflict. But that just doesn't seem worth it to me unless I'm going to invest a good amount of money...that I don't have.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 5/15/12 at 3:52 pm to
quote:


My firm(not a bank) won't let us trade any individual securities, only mutual funds and ETFs. Only way I could buy a stock was if I made a written and oral plea to our president explaining that there was no client conflict. But that just doesn't seem worth it to me unless I'm going to invest a good amount of money...that I don't have.


Agreed. If I have to report my trades, it's going to kill trading for me.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124546 posts
Posted on 5/15/12 at 5:37 pm to
quote:

My firm(not a bank) won't let us trade any individual securities, only mutual funds and ETFs. Only way I could buy a stock was if I made a written and oral plea to our president explaining that there was no client conflict. But that just doesn't seem worth it to me unless I'm going to invest a good amount of money...that I don't have.
Whoa! That sucks.
Posted by whodatigahbait
Uptown
Member since Oct 2007
1758 posts
Posted on 5/15/12 at 6:27 pm to
quote:

quote:


My bank is really laid back about all things related to the stock market. They give a 15% discount on complany stock purchased with up to 15% of my paycheck and there is no lockup period. I buy the max amount every month and turn right around and sell it.




My firm(not a bank) won't let us trade any individual securities, only mutual funds and ETFs. Only way I could buy a stock was if I made a written and oral plea to our president explaining that there was no client conflict. But that just doesn't seem worth it to me unless I'm going to invest a good amount of money...that I don't have.


my firm's policy isn't that bad but close to it. i have to get pre clear approval for any trade from both compliance and one of my superiors, every single time i want to make a trade even on ETFs.
This post was edited on 5/15/12 at 6:28 pm
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