Investing in stock market. If my broker in Wachovia, and I invest in P&G stock, and Wachovia has a financial crisis, does that affect my holdings in P&G stock?
by 
sessna1
ANSWERS: 3
-
No. Once you buy the shares in P&G, they're yours until you sell them, no matter what happens to your broker... unless the company (P&G, that is) goes belly up, but I think that highly unlikely with such an established company. Now, if you were thinking of buying airline stocks... I'd stick with Southwest (ticker symbol LUV), since they seem to be the only ones keeping their heads above water.
-
No. If your broker goes under, you still own the shares. When you buy shares you're literally buying ownership of the company; your broker is just a way to buy that ownership and doesn't affect what you own.
-
nope, but you should buy a mutual fund rather than individual stock.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC