Mar. 8th, 2007

tithonium: (Default)
* Sold off the last of my Amazon stock. Lower than I'd've liked, but not too bad. As soon as the trade clears, I'll request a check and close my Schwab account.

* I just got off the phone with E*Trade. Before we close the account, I have to get the stock out of it. To have them send me certificates will take 3-6 weeks. Ok, fine, whatever. Oh, it'll also cost $40 per security. Um. $160, for a total of 13 shares of stock, worth a total of $521.74? Fuck you, no. ONE of them is a single share worth $14.66, and E*Trade's standard price is $40 to get my fucking stock OUT of your system? FUCK YOU.

I did not say that on the phone. I said it was stupid and ridiculous and outrageous. And then I hung up and hit my desk and yelled a lot at anybody who would listen.


My left hand hurts.

* On phone again, to see if I can get the fees waived or adjusted.
tithonium: (Default)
And, after another phone call with an e*trade broker, I'm informed that they just can't waive the fees. They have to pay to make the trade, and they're not willing to eat the cost to avoid a really pissed off customer. Tho, I suppose, the fact that I'll be a really pissed off EX-customer might be feeding their unwillingness.

Here's my portfolio, as it stands:

AAPL, 4 shares, $88.14/share, $352.56
MSFT, 4 shaes, $27.68/share, $110.72 (And, again, I paid about $103/share for two shares back when I got them)
HOTT, 4 shares, $10.85/share, $43.40
WIN, 1 share, $14.63/share, $14.63

per-trade commission, $12.95. That would eat MORE than one share, or 30%, of the gross income from the HOTT, and almost the entire gross (88.5%) of the WIN.

To get certificates is $40. The Apple and the Microsoft are, I suppose, worth that. The others are most definitely not.

So, basically, E*TRADE gets all of my money either way. I could, quite honestly, not care less about their costs in all this. Their fees are the reason I'm leaving, and the ones I'm annoyed with are entirely their own choice.

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