Monday, August 9, 2010

I hate E*Trade + vesting stock

Hello world!

I remember I went though this pain in the ass a year ago...

Why exactly is it that it takes forever for an electronic transaction to take place? Yesterday I recieved my 2nd year stock vest. (I spent 2 years with this company so I get more stocks that "vest" over 4 years at 1/4 a year) I log in to etrade to set up my trade for the following day. NOPE! the shares are "vested" but not "released" whatever that means. I can't find ANY help on their site on how long it will take to be released to me (electronic should be instant!!!) I also notice that after "released" is "sellable" how much you wanna bet that after they get released to me it will take some time to be sellable. sigh... Meanwhile, since I have such bad luck, my stock will go down...

So far 24 hours passed for something that should be instant.

Oh, and my bank account is negitive...

OMGWTF!

2 comments:

  1. Yup, it takes about 2-3 days after vesting for them to hit your account and be able to sell.

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