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Whither E*TRADE

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We sent the following note to our clients and those we have put on our “Friends of Alexis and Palmer” email list. If you would like to be added to this list, please send a request to info@alexis-palmer.com with your name and affiliation.

We are getting inquiries about E*TRADE, their financial future, and the safety of accounts held at E*TRADE.

General takeaway:

More on E*TRADE
I worked for a brief period for E*TRADE five years ago and I still know people who work there. I became VERY concerned about their mortgage holdings several months ago after they publicly released certain portfolio information about their mortgage holdings. Since that time, the stock price declined over 70%. That said, E*TRADE has a number of strategic options which I think could keep it afloat. I actually published an “article” on SeekingAlpha.com (http://seekingalpha.com/article/54013-e-trade-a-bargain-at-these-levels) about E*TRADE last night that you can read for more background information on their woes.

Please remember that everyone’s financial situation is different and the information provided may not apply to your situation in particular.

Topics: Financial Planning, Housing Bust, Investments, Stock | 1 Comment »

One Response to “Whither E*TRADE”

  1. David Goldstein Says:
    November 15th, 2007 at 5:26 pm

    great website, Elizabeth. How can I get on your mailing list?

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