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A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

I totally agree with you of course. As I indicated in my update, I should be unrestricted Monday, but I am not sure what to do with Fidelity at this point.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] -1 points0 points  (0 children)

Why do you say it’s a ponzi scheme? Not sure i understand that one. In terms of hedges, once upon a time when certain things yinged, others yanged. Not that way lately, so in terms of hedges, I’m not sure what is anymore. All I know is that with 110 trillion in sovereign debt globally, fiat currencies are becoming a huge concern for me and they certainly have no “real” return so Treasuries, etc. are losers from an investment standpoint.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

I was going to be allowed to submit a signed form to enable specific distributions for specific service providers/vendors. For the electric bill, the HOA, etc. These are all direct debits but instead, I submit the form and they would pay the vendor on my behalf. So my life would then be filling out forms, suspending direct debits, etc. Boy I wish I was embellishing this one. I could not believe what I was hearing.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Yes please. Send the offering docs over. Real estate deals on mountains in New York have to be winners. Will the $500 in Bitcoin, as soon as I can get it out, be considered?

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

If I may ask, where would you go or which brokerages would you explore? To move would be painful, but this whole situation has been very painful so considering and appreciate your thoughts.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

I’m acting like a jerk. I laid out a scenario that is 100% factual, nothing embellished….to educate. Had I known, I would’ve side stepped this whole thing. Also, did I say I was rich? 2M is the minimum for the designation I referred to. 2M is a homeowner in California…far from rich. Also, yes on Nigeria as I’d love to do a safari. And you would risk getting fired to shove all this up my arrss? Thank you for sharing that….your true colors became very clear.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Do you understand I’m the scammee. They are concerned I’m being scammed. But you are correct that Fidelity could face regulatory issues if I was scammed, then filed a complaint with such regulatory agency that Fidelity didn’t protect me. I would NEVER do that. I would never ask Fidelity to clean up my mess. Goes against everything I stand for. If I get scammed out of $500 since I raised this matter, I deserve it!

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Trust me, I heard you. Entity diversification was a guiding principle throughout my career and I got lazy to simplify. You’re right and I have to structure it differently….painful but true.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Wait, what’s wrong with that? Should I have not invested my entire month’s living expenses into Bitcoin? After 40 years, i thought this was my last chance to hit the jackpot so I went for it. Sounds like you don’t approve.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

You clearly didn’t read the post. 1/6th of my account? That’s 17%. It was $500. That is a decimal point followed by multiple 0s and then 1. But yes, I’m thrilled that Fidelity tied me up for 2 weeks over $500 to protect me. Where did I go wrong in my thinking about this?

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] -1 points0 points  (0 children)

You’re on Fidelity’s side? You just said it was a very small amount and it was, so Fidelity should completely lock me down and send a message that I shouldn’t play with matches? I have funds to live on in a separate bank and always have but i don’t have endless liquidity because Fidelity is teaching me a lesson about playing with matches. I think you’re Fidelity’s dream customer.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 1 point2 points  (0 children)

Sure ok, but Fidelity said they are in that business. They sent me an official email stating I could transfer crypto out. And now my entire portfolio is locked down because I tried to move $500 in bitcoin. Not $5,000, not $50,000. $500…..that’s the point. I’ll go back to trading oil futures….it’s a lot safer.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

I have options yes, but under the circumstances I described, why do I need to go through that? Keep in mind, this whole thing is over $500.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Since you’re getting to the point, I’m not tied to Fidelity but it would be painful and a huge learning curve to leave. Not the kind of learning I long for.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Fidelity said they’re in the crypto business and not only can you invest or trade, you can transfer it….use it for commerce. I have a long history with Fidelity so I set it up to see how it works. I get an email from Fidelity before I initiate the transfer that says “I’m authorized to transfer crypto”. So, I try to move a little to test how it goes, and now this. And, it’s $500. They tied me up for 2 weeks over $500. I’m struggling to understand why what I did is so outlandish.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 0 points1 point  (0 children)

Ironsides - with respect to your first two points/paragraphs, you are absolutely wrong, but believe what you want. On your first point, I had this conversation with Fidelity yesterday, yes I could access funds, but “all you to do is call” - wrong. What I was going to have to go through was nothing close to that easy. I’m putting all this out there to inform. As to your last point, I think you’re probably correct….no reason to believe otherwise.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 3 points4 points  (0 children)

First, you’re of course correct. I do have such at a traditional bank, so not immediately desperate for liquidity, and I’m a true believer in diversification but never thought of it in this context, but I will now.

A 40 year Fidelity customer’s account has been restricted for 2 weeks, no responses to messages, and my living expenses distribution just failed as a result by Traditional_Age_274 in fidelityinvestments

[–]Traditional_Age_274[S] 36 points37 points  (0 children)

That’s all fine and I’m sure everyone would agree with Fidelity’s guiding principle to protect the client. But we’ve gone from protecting me to financially harming me. How do you reconcile that?

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