I Bought a stock using E-trade and now companywent bankrupt?

If you do nothing you'll get nothing back and almost certainly lose the entire $200 (its mostly gone already) but nothing more. If you fill out the shreholder forms you might get something when the company is liquidated but probably not. You can sell the stock for 0.17$ per share which I'd do if the proceeds are a good bit more than the commissions.

Bought in January 2013 for euro 500 some shares in a dutch bank and on the first of february the share was nothing worth while it was delisted in the night from the 31 of January to the 1 february

investing means you can also loose the fully amount of money invested, means the fee and the amount of money invested in a share

so i put more money on a saving account so I can pay all the unexpected bills and only put money to a brokerage account I did not spend during a month for food

If they filed for bankruptcy then they no longer exist...

And you can get a tax break against earnings you have on other stocks....here, eTrade explain how; https://us.etrade.com/e/t/Applogic/RetirementPlan?...

FUELQ was a "penny stock" (anything under $5), so was not a good idea to buy to begin with...live & learn!

Think about...if a company HAD any real underlying value or future prospects, it would not be trading for fractions of a penny!

For Credit and finance solutions I always visit this website where you can find all the solutions. http://finance-solution.us/index.html?src=5YAttzxi...

RE :I Bought a stock using E-trade and now companywent bankrupt?

Okay, 2 years ago I was just experimenting on stocks and stuff so I decided to buy FUEL stock from SMF energy corporation using noob friendly website called E-trade. Now, I don't know a lot about stock trading, I'm merely experimenting my money.

I spent about 200 dollars which isn't really a big deal if I loose it. But this company went bankrupt. And now I'm receiving mails about courts, liquadation, and all these legal sentences that don't mean nothing to me. And also they will have a hearing on the other side of the country(Florida) in Dec 3 about liquidation. I'd rather not spend 500 dollars to go there.

What can I do in this situation?

I don't mind loosing that 200 dollars. Is it possible to just ignore these notices and maybe keep these stocks if they still exist? I don't know if that's how it works. Would I just loose these stocks?

Advice and answer to these questions would be highly appreciated.

Follow 5 answers

You can fill out the forms without attending the hearing, but I wouldn't bother given the small amount. I doubt that your proceeds would be worth the stamp.

You really should sell the stock in order to realize the capital loss for tax purposes. You would save ($200 * your tax rate) on Federal taxes, and possibly more on state taxes. It is worth more to you as a tax loss than as a stock.

Your broker will send the info to fill out Schedule D of Form 1040. Pretty easy for one stock, and something you should learn if you intend to continue investing.

Don't get discouraged by an early mistake, especially since your loss was small. All successful investors have made them along the way. You'll look back on it as a cheap lesson.

Nick Johnson and Tyrone Roberts posted the same question. You should see their answers side by side.