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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 15,208
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Quote:
Originally Posted by steve911
If I read your post correctly, you've got an brokerage account with Morgan Stanley for the assets (stocks/bonds/etc.) which you inherited when your mom passed away.
Customer accounts (and their assets) are safe - the brokerage firm manages them for you (for which you pay them a fee), but does not own them - you do.
I'm assuming from your description of a "broad investment scheme" that the porfolio has different types of investments, which is good. It goes almost without saying, though I will say it, that valuing investments is tricky, all the more difficult in these challenging times.
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Steve you are right on with your assumptions it is a managed account. I probably should have been clearer in my original post. And I am going to call them to follow up. After my original post I did a financial search and I see Morgan Stanley posted their earnings today ( a day early ) and they turned a profit although less than last year but better then " financial experts " had estimated. I guess short term I'm alright but man it's a scary time right now. 
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2002 Boxster S . Arctic silver + black top/int. Jake Raby 3.6 SS engine " the beast ". GT3 front bumper, GT3 side skirts and GT3 TEK rear diffuser. 1999 996 C4 coupe black/grey with FSI 3.8 engine . Rear diffuser , front spoiler lip with ducktail spoiler .
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