Buying 1 of every stock?

[SilverRanger]

apparently there is no problem
https://www.aussiestockforums.com/forums/showthread.php?t=16214

 

[Strident]

I have had plenty of disappontment with IB on share offers. They scale back on most of them saying that IB just gets a package that must be shared by their customers. That is I order $15,000 and get maybe $3,000 this hurts when it's something like Macqaurie Bank. Last effort was i requested NMS share offer of $15,000 on 15/7 (offer closes 17/7). They reply to my message that on 17/7 at 11am that i had missed the "deadline". Now if they get a "package" for IB that is shared among it's customers, then how can i miss the "deadline".

I give them a lot of brokerage and save on their great prices BUT I have lost a lot in missed profits from the many windfall share offers they have "handled".

That doesn't sound very reliable...

(and then there's the other guy who got more than he would have otherwise)

 

[skyQuake]

Actually its more probably that the scaled back in the SPP because it was oversubscribed.
No problems with IB here.

 

[skc]

Brokers like IB may have a slightly earlier deadline than the offering company... it is the responsibility of the investor to find out what they are and not leave it to the last minute...

 

[Prem]

Doesn't first investment in a company have to be > $500

so i would think you cant buy one share of each

 

[JWR]

If you go through IB, I'm quite sure you can buy less than $500 per stock (i.e. 1.) So if I buy the top 300 stocks, this should cost $6 brokerage X 300 = $1800 plus whatever it costs for each stock.