Compton Advisors, LLC

This Blog is a parallel site to our web site www.comptonadvisors.com. It contains notes, observations, thoughts and links.

Tuesday, November 27, 2007

Housing Price Index Site: New Address

I've posted this before, but the site has changed. This is a set of indices, by city, of housing prices based on repeated sales of the same properties. The new address is:

http://www.ofheo.gov/hpi_city.aspx

Wednesday, November 14, 2007

How SIPC Insurance Works

With the recent news surrounding E*Trade Financial, it may be time to take a look at how your holding with brokerage firms are protected.

Authorized by Congress in 1970, the SIPC was created to protect investors from fraud and theft by failed brokerage firm. Unlike the FDIC, the SIPC does not protect you from market losses, but rather works to return customer's cash and securities missing from customer's accounts in the event of a failure.

Let me point out that E*Trade is no fly-by-night firm and even if they were to fail, odds are the customer accounts would be handled without the need for SIPC involvement.

Coverage is $500,000 per account ($100,000 cash). For full details see: http://www.sipc.org/how/brochure.cfm