How Investments, Stocks And Bonds Lead To Missing Money
Instead of saving their money, many people choose to invest their money to make it ‘work’ for them. They will buy and sell stocks and bonds, and will engage in other investments, in the hopes of yielding a healthy return. Sometimes, these investments, stocks and bonds get left by the wayside. For the investor, life may happen, the person may become too busy or in other cases the investment account has a very small balance, too small to even bother with. It might be misplaced in another larger investment portfolio or simply might have even been overlooked.
No matter how it happens, it certainly does happen. Investment money goes missing all the time. So what happens with all this missing money? Who gets it and how do we find it? The answer lies with the rightful owner of the missing money. All that person needs to do is act and conduct a search for it.
Missing money can be represented by a great number of things: abandoned bank accounts, utility deposits that were never returned, court settlements that were never delivered, and of course investment accounts that haven’t been claimed. These investment accounts lie dormant, usually with a bank or broker, and the rightful owner just forgets about it. Over time, just like with a bank account that gathers interest over time, that missing money investment account can become much more substantial than it once was.
Searching For Missing Money – A Great Time Investment
If you think there is a chance that you could have an investment account, or possibly even some stocks, bonds or some other mutual fund in a missing money account somewhere. If you are one of these people or think that your not but have had any of these types of accounts in the past then you truly owe it to yourself to search for that money. You don’t need to call your broker and you don’t even need to call the state or federal treasurer’s office. All you need to do to search for missing money is enter your first and last name into an online database.
Most online databases are set up like third parties and collect a broker fee. Your job when conducting a search is to find a database that you trust and has a good online reputation with the lowest fee. If all of these sites offer the same types of services then why not go with the one who will take the lowest amount of your newly found money. In your online database search it will check the databases of all fifty states and the federal government for any instance of missing money that could possibly be in your name. If an investment account is found, you’ll know about it in seconds and will soon be on your way to find out how to go about claiming it too.
With so many investment accounts going missing each year and with millions in missing money accounts, and with the process of searching for this money being incredibly simple, you have zero excuses left for searching for and finding the money that may be owed to you.
