Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Thought I’d post this as a public service announcement
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Catatonic" data-source="post: 3335678" data-attributes="member: 7966"><p>Another example is when a person hypothecates their stock there is in that contract that the lending entity has the right to execute margin calls on a stock used for collateral for the hypo loan.</p><p></p><p>Many UPSers lost a lot of their UPS Shares when the banks executed margin calls back in 2008-2009.</p><p>on top of that, the UPSer had to sell additional stock to cover the tax on the long-term gains of their shares.</p><p></p><p>Luckily for me, I sold most of my stock and paid off my hypo loans in 2006.</p><p>I remember the CIO calling me into his office over my selling of my stock ... 2 years later he congratulated me on the move.</p><p>Definitely a GREAT financial decision for myself. I might still be working at UPS if I had not sold 80% of my stock back in 2006.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 3335678, member: 7966"] Another example is when a person hypothecates their stock there is in that contract that the lending entity has the right to execute margin calls on a stock used for collateral for the hypo loan. Many UPSers lost a lot of their UPS Shares when the banks executed margin calls back in 2008-2009. on top of that, the UPSer had to sell additional stock to cover the tax on the long-term gains of their shares. Luckily for me, I sold most of my stock and paid off my hypo loans in 2006. I remember the CIO calling me into his office over my selling of my stock ... 2 years later he congratulated me on the move. Definitely a GREAT financial decision for myself. I might still be working at UPS if I had not sold 80% of my stock back in 2006. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Thought I’d post this as a public service announcement
Top