"Moving everything" and removing margin seems like a rash emotional decision versus a calm rational one.
Not good when it comes to investing.
Margin covers investor mistakes nicely with what is usually one-day interest before the investor corrects it.
If the brokerage made a mistake they should reverse the charge which sounds like what they did when you called.
If both were ETF's you shouldn't have gotten a balance subject to margin unless something else was going on.
Schwab often waives charges one should have paid for good customers. I'm still curious why exactly you got the margin charge.
Did they say it was their mistake or was something else going on besides the ETF trades like a held deposit or another trade that hadn't settled?
Not good when it comes to investing.
Margin covers investor mistakes nicely with what is usually one-day interest before the investor corrects it.
If the brokerage made a mistake they should reverse the charge which sounds like what they did when you called.
If both were ETF's you shouldn't have gotten a balance subject to margin unless something else was going on.
Schwab often waives charges one should have paid for good customers. I'm still curious why exactly you got the margin charge.
Did they say it was their mistake or was something else going on besides the ETF trades like a held deposit or another trade that hadn't settled?
Statistics: Posted by MnD — Sat Nov 30, 2024 7:57 am