It didn’t start auspiciously, that I can tell you.
I opened an etrade account a week ago. Wow, I thought, this is great! I can transfer funds automatically. Tweedle dee, tweedle da, I blithely linked up my bank account and transferred a thousand bucks. Done. Easy as pie.
Come to find out that if you type 1,000 with a comma, as any civilized person would do, the etrade system reads aforementioned comma as a 0. And suddenly, that carefree transfer becomes a harbinger of doom. It sucks $10,000 out of your bank account, defaulting into your savings where you had been storing your tax money. Sadly, you are now going to be late paying your quarterly taxes.
It takes five full business days to clear. Poof! The money seems to be gone; it’s not in your bank account, nor is it in your etrade account. It has seemingly … vanished. Where does it go? Into a high-yield escrow account? Probably.
But finally, you have the money wired back into your bank account. All is well. Uncle Sam is happy. You are happy. Etrade is happy because you just bought three probably completely worthless penny stocks that are environmentally friendly.
Anyone have any good tips?