Scudder - financially secure?
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Subject Author Date
Scudder - financially secure? Honest Abe 03-17-2008
Posted by Honest Abe on March 17, 2008, 7:11 pm
Is there any way to find out just how secure investments with DWS Scudder
and other fund firms are?



Posted by Steven L. on March 17, 2008, 7:48 pm
Honest Abe wrote:
> Is there any way to find out just how secure investments with DWS Scudder
> and other fund firms are?

What is your definition of "secure"?

No stock's value is ever guaranteed.

If, on the other hand, you mean proof against fraud or theft, you can
put your mind at ease. These giant mutual fund companies spend a
fortune on security procedures to avoid getting hurt by embezzlers,
hackers, etc.


--
Steven L.
Email: sdlitvin@earthlinkNOSPAM.net
Remove the NOSPAM before replying to me.

Posted by Honest Abe on March 18, 2008, 3:45 pm
> Honest Abe wrote:
>> Is there any way to find out just how secure investments with DWS Scudder
>> and other fund firms are?
>
> What is your definition of "secure"?
>
> No stock's value is ever guaranteed.
>
> If, on the other hand, you mean proof against fraud or theft, you can put
> your mind at ease. These giant mutual fund companies spend a fortune on
> security procedures to avoid getting hurt by embezzlers, hackers, etc.

Thanks for the opinion.
What I have in mind is not stocks or stock funds, as anyone with any savvy
got out of those some time ago. I mean such investments with DWS Scudder as
precious metal funds and even money markets, which continue to do well. If
Scudder ran into serious trouble, could the money invested in such funds be
lost? Just how secure is Scudder, and how does one find out the condition of
any such investment firm?



Posted by Ed on March 18, 2008, 6:36 pm


>> Honest Abe wrote:
>>> Is there any way to find out just how secure investments with DWS
>>> Scudder and other fund firms are?
>>
>> What is your definition of "secure"?
>>
>> No stock's value is ever guaranteed.
>>
>> If, on the other hand, you mean proof against fraud or theft, you can put
>> your mind at ease. These giant mutual fund companies spend a fortune on
>> security procedures to avoid getting hurt by embezzlers, hackers, etc.
>
> Thanks for the opinion.
> What I have in mind is not stocks or stock funds, as anyone with any savvy
> got out of those some time ago.

That's funny.

> I mean such investments with DWS Scudder as precious metal funds and even
> money markets, which continue to do well.

That's funny too.


> If Scudder ran into serious trouble, could the money invested in such
> funds be lost? Just how secure is Scudder, and how does one find out the
> condition of any such investment firm?

Anyone with any savvy would call them and ask.



Posted by dumbstruck on March 18, 2008, 9:52 pm
See http://sipc.org/how/brochure.cfm where you can even get to an
onlinie applicaton for refunds. Note there are a few exceptions... are
commodity etfs under powershares not included due to partnership
structure? Are mutual funds companies considered brokers, and are
brokerage core/cash accounts covered?

I think the overall plan is that your investment money is held as a
guardianship - the brokerage or whatever has no legal access to your
stuff except to extract fees. Your investments are babysat or bought
or sold as your assets, not theirs. SIPC can recover for you any
losses of securities themselves (not their market value of course,
just the share possesion).

Contrast this with banking, where I think the bank does actually
"consume" your money into their own pool, and can legally lose it by
loaning to deadbeats or whatever. They give you a promise to cough up
some of their own money to repay you, or else the FDIC will.

Question for armageddon types... silver has shot up much more than
gold the last couple months, and seems to fall faster than gold
recently. What is driving silver besides the obvious speculation, so
that its price action can be guessed better?


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