Financial Cost of Being Careless
It was only yesterday when I was $5,000 richer.
With the market in such volatility, it was a great time to invest since I was in it for the long term. So, I made my 2008 contribution of $5,000 into the Roth IRA a couple weeks ago. It was such an easy process because I have an ETrade savings account and an ETrade Roth IRA account so it was done a couple of clicks later. A few weeks go by, I log into my ETrade account and noticed that my account balance went down $5,000!
I searched around, and realized that there was a new transfer payment of $5,000 from my online bank account to my Roth IRA. After more searching, I realized what has happened. ETrade increased my Roth IRA balance by $5,000 but did not decrease my online savings account when I made the transfer originally, and only made the […]
Original post by MoneyNing