So here’s the deal

about 4-5 years ago I opened up an E-Trade account w/ $1000, buying approx $900 of QQQ, and another $100 worth of Webvan. So over time, Webvan was de-listed, and QQQ (now QQQQ) devalued to $40/share. So I sold those shares last week, at about a cash out of $400, so I thought.

I called E-trade today to see if my funds had been liquidated and a check cut. Here’s E-trade’s customer service agents response "Sir over those years you’ve been getting a $25 ‘account service fee’ PER QUARTER for inactivity. So by the time I liquidated this, over $375 in fees had been accrued, as well as the $13 trading fee, and another fee for selling off Webvan devalued shares, leaving me with an account balance of…… $0, zero f-ing dollars. That’s such a kick in the nuts

So instead of getting a $400 check, the sale of my funds payed for service fees.

That will be my LAST time I do anything in the stock market. Lesson learned.