I had added some more money to my investment account recently and I figured I’d buy a couple more ETFs to keep my little nest egg rolling. I punched in the ticker symbols, how many I wanted, the price I was willing to pay, and hit submit.
I felt fantastic. Downright chipper, and possibly a even little smug actually. Sure, setting up the account was a little bit of a pain initially, but this whole buying investments online is easy. Why doesn’t everyone do this? I wandered off to the kitchen to make myself a cup of tea and find myself a snack.
I logged on a little while later to check and see if my transaction was complete.
Transaction status: Cancelled.
What do you mean it’s cancelled? I set the order to be filled by the end of the day. The stock market closes at 4, it’s only 3:30 right now! I still have half an hour left for my order to be filled!
*pause to think*
4pm in Toronto is 2pm in Edmonton. I didn’t account for the time change.
So much for that.
Recommended Reading: Why “Buy What You Know” Should Be “Buy What You Understand”