Why going all-in is not financially responsible. Capital is your Security.

[Spaceman_Spiff]

I'll check this again later but I actually checked and Interactive Brokers does not own my shares I do. If I goes bankrupt I lose my balance in fiat (USD and Euro) but keep my stocks as they cannot be seized by creditors.

Am I totally wrong in this?

I asked about it once, and IB indeed does not own the shares, it's a specialized firm that holds it for them.  On the other hand apparently that firm can loan out the stocks for shorting too, so actually its not really safe either.  At least that is how I understood it.

[wachtwoord]

I'll check this again later but I actually checked and Interactive Brokers does not own my shares I do. If I goes bankrupt I lose my balance in fiat (USD and Euro) but keep my stocks as they cannot be seized by creditors.

Am I totally wrong in this?

I asked about it once, and IB indeed does not own the shares, it's a specialized firm that holds it for them.  On the other hand apparently that firm can loan out the stocks for shorting too, so actually its not really safe either.  At least that is how I understood it.

The last portion I am certain is inaccurate. I joined their "Stock Yield Enhancement Program" 1.5 years ago. This program gives IB the right to loan out my shares to people willing to short and IB and me split the fees. When stocks in my portfolio are loaned out collateral is placed in my account matching the value of the stocks exactly (which is corrected every night) and I receive payments in lieu of dividends which match the dividends exactly. Without me joining their program they could not loan out my stocks (otherwise, why pay me for the privileged?)

[justusranvier]

I'll check this again later but I actually checked and Interactive Brokers does not own my shares I do. If I goes bankrupt I lose my balance in fiat (USD and Euro) but keep my stocks as they cannot be seized by creditors.

Am I totally wrong in this?

Your understanding what the law says is correct but you still don't get it.

The law doesn't matter in "exigent circumstances". And every situation is exigent when following the law would benefit you instead of someone with more political clout.

[Spaceman_Spiff]

I'll check this again later but I actually checked and Interactive Brokers does not own my shares I do. If I goes bankrupt I lose my balance in fiat (USD and Euro) but keep my stocks as they cannot be seized by creditors.

Am I totally wrong in this?

I asked about it once, and IB indeed does not own the shares, it's a specialized firm that holds it for them.  On the other hand apparently that firm can loan out the stocks for shorting too, so actually its not really safe either.  At least that is how I understood it.

The last portion I am certain is inaccurate. I joined their "Stock Yield Enhancement Program" 1.5 years ago. This program gives IB the right to loan out my shares to people willing to short and IB and me split the fees. When stocks in my portfolio are loaned out collateral is placed in my account matching the value of the stocks exactly (which is corrected every night) and I receive payments in lieu of dividends which match the dividends exactly. Without me joining their program they could not loan out my stocks (otherwise, why pay me for the privileged?)

Well, I don't have a direct IB account, but through a local 'middle-man' company for IB, maybe that is the difference.  (I am willing to provide you the emails in pm if you are interested).

[wachtwoord]

I'll check this again later but I actually checked and Interactive Brokers does not own my shares I do. If I goes bankrupt I lose my balance in fiat (USD and Euro) but keep my stocks as they cannot be seized by creditors.

Am I totally wrong in this?

I asked about it once, and IB indeed does not own the shares, it's a specialized firm that holds it for them.  On the other hand apparently that firm can loan out the stocks for shorting too, so actually its not really safe either.  At least that is how I understood it.

The last portion I am certain is inaccurate. I joined their "Stock Yield Enhancement Program" 1.5 years ago. This program gives IB the right to loan out my shares to people willing to short and IB and me split the fees. When stocks in my portfolio are loaned out collateral is placed in my account matching the value of the stocks exactly (which is corrected every night) and I receive payments in lieu of dividends which match the dividends exactly. Without me joining their program they could not loan out my stocks (otherwise, why pay me for the privileged?)

Well, I don't have a direct IB account, but through a local 'middle-man' company for IB, maybe that is the difference.  (I am willing to provide you the emails in pm if you are interested).

I am interested so please do. Thank you.

[RationalSpeculator]

just thought it's a good time to bump this thread