InvestorsHub Logo
Followers 2
Posts 1185
Boards Moderated 0
Alias Born 07/15/2014

Re: Toofuzzy post# 41883

Thursday, 03/23/2017 3:40:25 PM

Thursday, March 23, 2017 3:40:25 PM

Post# of 47082
Hi Toofuzzy, Actually the problem with my mother's account was the broker guided her to positions that high dividends but often that was a return of capital, or some such crazy accounting thing I never completely understood. Some of the positions were not actually "stocks" that you could find on the exchanges, some as REITs and others as limited partnerships, things like what was GNL before it was a listed stock. It was bought at $10/share but with the various crazy accounting it went on the market at around $8.95/share.

Another was a bond for an Indian Casino that is now in bankruptcy. All crazy stuff to sort out that I still have not completely solved. One more to go, also another bankruptcy issue.

Ah well, the joys of high finance.

Best,

Allen

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.