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#1
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Sourcing The Depositor(s)?
I hadn't even noticed cash deposits taking place in the cash sweep account at my brokerage house going back several years, until I noticed one for almost $400.00 that took place Monday evening. I frankly don't pay a lot of attention to what little I have in cash anymore. Just never noticed $88 here, $56 there over time. I never realized it, but there's no source attached to any these deposits. They're not dividends, because any and all dividends are re-invested automatically in more shares of
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#2
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So some unknown entity is anonymously making cash deposits into your account? That sounds like a problem I wouldn't mind having, though it might make me a bit nervous for tax reasons.
__________________
Whoever said there's nothing more expensive than a cheap Mercedes never had a cheap Jaguar. 83 300D Turbo with manual conversion, early W126 vented front rotors and H4 headlights 400,xxx miles 08 Suzuki GSX-R600 M4 Slip-on 22,xxx miles 88 Jaguar XJS V12 94,xxx miles. Work in progress. |
#3
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Could be someone making a deposit to an account with transposed digits or off by one digit. Happens quite frequently, especially if your account number is close to a corporate account number that receives a lot of deposits.
Last edited by spdrun; 08-12-2014 at 11:00 AM. |
#4
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Have you tried asking the bank...?
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#5
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I have my suspicions, and would usually blow off finding the source, but because it's more than $100, curiosity will get me to go to the bother of finding out. My hunch is that it is the first of it's kind because of a new stock offering of some sort. Time Warner (formerly AOL) introduced their THIRD stock division about 1-2 months ago, so I am thinking that's the unknown 'entity' - but as I stated, the list is short of possible entities because they are held at the brokerage house. As per taxes? It would be included on a DIV-1099 at year end. So, that's not an issue.
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#6
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Possible. If the split doesn't give you a round number of shares, they pay the remainder in cash. But the online account should show the deposit as a dividend or proceeds from a split, not as a bank deposit. Should be easy enough to check.
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#7
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__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#8
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Sounds like a money laundering conspiracy. I suspect drug cartels or maybe a Nigerian prince. Could be al Qaeda. Maybe even WalMart.
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#9
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Tracked down source(s), making deposits, but still unidentified. No clear explanation of reason(s) for funding other than mispriced securities or a change in exchange rates/charges, if that? Basically, just don't know. As long as the money is flowing in they're welcome to send more anytime they want to. I'll put it to good use!
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#10
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how unethically enterprising of you
youve identified that its not connected with any of your investments, and you are gonna stop there and keep the money as it comes in. and this isnt classified as stealing how? id be taking every dime of that mistaken money and putting it in its own account until i resolved the mistake and returned the cash to the rightful owner. that is the only appropriate action.
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#11
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Surely this wouldn't be simply an opportunity to talk about the "portfolio" on this site now would it?
Wonder how long it'll take you to just ask the bank what is going on and what action to take...
__________________
TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#12
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I really don't care to hear about his Ameritrade account.
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#13
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Quote:
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#14
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Quote:
Since the thresholds of minimums have crossed the lines at different times, as well as my having over 5 brokerage houses since I was 24 years old - I wasn't understanding the where and why for the last couple years. But once I realized the why, then I set about finding the origins. Have a great year! |
#15
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It is unfortunate that it took 5 months to resolve such a simple concern.
__________________
1968 220D, w115, /8, OM615, Automatic transmission. My 1987 300TD wagon was sold and my 2003 W210 E320 wagon was totaled (sheds tear). |
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