Blocked Period

  

No, a blocked period (in the financial world) has nothing to do with fallopian tubes. But if you're curious, uh...ask your parents.

A blocked period is the length of time during which you can’t access money in your trading account or stocks that you may have put up as collateral.

Perhaps you have misbehaved in some fashion, such as buying stocks and not having the funds to complete the trade, which is called freeriding. Day traders who obviously do a lot of trading might be required to have a certain amount of money in their account at all times, and if they go below that amount the account is blocked. This is especially true for pattern day traders, who buy and sell stocks while borrowing using margin accounts more than a few times a week.

Other naughty investors with a cash account get blocked for as much as 90 days if they keep buying shares when they have not yet received the funds from a previous trade. Then they can only buy stock with completely settled cash.

Let’s say Johnny Hot Shot sells 20 shares of Can’t Lose, Inc. for $30 a share, for total proceeds of $600. He expects the funds to arrive in his account any day now, but meanwhile spots a great deal to buy 10 shares of Facemagazine at $50 a share.

Unfortunately, the $600 hasn’t arrived yet when it comes time to pay for the Facemagazine purchase, so his account gets blocked.

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00:00

Karl Marx was a fiercely bearded German economist and philosopher.

00:07

seriously look at beard .fierce. with the help of his equally bushy pal Friedrich [Marx pictured]

00:12

angles Marx wrote a little book that would have enormous influence on the

00:16

Russian revolutionaries of the early 20th century. that book of course was

00:21

called Little House on the Prairie. it's just making sure you're with us. it

00:26

was actually called the communist manifesto. so let's break it down .the

00:30

world according to Marx suffers because of social classes. well in the Western

00:34

world we started with feudalism as the class system .if you were a king life was

00:39

groovy. if you were a serf and not so much. feudalism crashed and burned and

00:45

capitalism rolled in with its booze huazi and proletariat classes. well

00:49

according to the Communist Manifesto capitalism was much much much worse than

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feudalism. why ?because the booze huazi or owners are the means of production who [communist manifesto pictured]

00:59

embraced capitalism would do anything to make a dollar.

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this included dehumanizing abusing and manipulating the proletariat or worker

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class who toiled on their behalf. so Marx and Engels believed that capitalism

01:12

caused enormous suffering and hardship in the modern world. furthermore it

01:16

caused corruption because the government was essentially in cahoots with the

01:19

bourgeoisie. thanks to the unfairness inherent in capitalism Marxism states

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that the proletariat and bourgeoisie will forever be butting heads .more

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importantly that tension will eventually result in a revolution of the masses. and

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just what would that revolution look like? well Marx and Engels had a few

01:37

ideas .there would be no private ownership of land. there would be no

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inheritance rights. the state would control the means of communication and

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transport .and instead of laboring in factories kids would go to school where

01:50

they'd get a free education. the communist manifesto posits that Marxism

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would succeed where other forms of socialism had failed because communists

01:59

would always put the proletariat first. furthermore other forms of socialism

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were nothing more than programs for small reforms .if the ship of the worker [different ships with different forms of government written on sails]

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was going to be set right full-blown an all-out revolution was needed.

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and that's what Marxism was all about. Marx and Engels like to think that

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Germany would be ground zero for the proletariat takeover.

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they probably rolled over in their graves when Hitler came to power, but

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never fear the Communist Manifesto was a home run for one group. da the Russians.

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at the turn of the 20th century there were two divisions of the Russian social

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democratic Labour Party .the Bolsheviks and the Mensheviks many of whom had been

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kicked out of Russia for being naughty revolutionaries spent about a decade

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meeting in pubs in London. over a nice warm pint they'd argue about whose

02:47

interpretation of Marxism was correct and what the best method for taking over

02:52

Russia was .well frankly we would have picked somewhere tropical for our

02:55

communist revolution but well to each his own. while the Mensheviks and [Castro pictured]

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Bolsheviks both wanted Russia to ditch capitalism and the Czar their

03:02

medium-term goals were quite different. well the Mensheviks wanted to work with

03:06

Russian officials already in office to build a kind of democratic system that

03:11

would make Russia a better place for everyone. Bolsheviks wanted to burn it

03:15

all down. well if you're wondering where Vladimir Lenin is and all this wonder no

03:19

more it was at the head of the Bolsheviks. he thought the Mensheviks

03:22

were wusses and that Russia's communist government would need to be small and

03:27

tightly controlled so that the masses wouldn't rebel. anywho after all those

03:32

years of plotting abroad the Mensheviks and Bolsheviks finally saw an

03:35

opportunity to get things going in 1917. and viva la revolucion. but that's for [mob of Russians protest]

03:41

another video. what, you thought we'd give you all the fun stuff right now?

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