Wednesday, March 25, 2020

Stock Market Gambling: Your new Fidelity account is not funded

Dear Professor Kaufman,

I opened an account but will probably not gamble in the stock market right now.

I was going to buy puts but the market has crashed already.
Maybe too much.

If they can stop the virus and re-open the economy by Easter the economy may boom again.

If it takes longer, the stock market can still recover somewhat.

I do not know how bad the supply chain has been disrupted from worldwide shut downs.

Some companies will go bankrupt.
Other companies will boom.

Hard to figure out which stocks to buy puts on and which stocks to buy calls on.

Much is uncertain.

I will just concentrate on reading and staying healthy thru this.

We are under stay-at-home orders now.

Despite few cases of the virus around here.

Could this all be an over-reaction due to Obama-care failure to stockpile face masks, ventilators, respirators, ICUs, etc.?????



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Begin forwarded message:

From: Fidelity Investments <Fidelity.Investments@mail.fidelity.com>

Subject: Your new Fidelity account is not funded

Date: March 24, 2020 at 7:18:25 PM CDT


It's easy to make your first deposit.

3 ways to make a deposit into your new Fidelity Account®

Thank you again for opening a Fidelity Account®.

You've taken the first step; now it's time to put your account to work.

Making your deposit is easy. Fidelity gives you several options from which to choose, including:

• Link your bank account to use electronic funds transfer (EFT) to move money from your bank to your Fidelity®account.

• Use the Fidelity Mobile® app to deposit a check with your iPhone®, iPad®, or Android® device.*

• Transfer assets from another firm into your Fidelity account.

Take the next step and make a deposit or learn more about your different

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