The dead cut bounce term still irritates me, my retirement fund would be in a brilliant position right now if I had not taken the advice of my stockbroker. The broker I had at the time cost me a brilliant purchasing opportunity and I am missing dividend returns.

This includes the dividend reinvestment plan where I could be earning compound interest growth on the dividends, instead I had to leave the funds in cash receiving simple interest payments. I was calling him daily, I had picked the bottom of the market, I was advising him to buy and he held off. When prices started rising, I kept getting told this is a dead cat bounce and to not panic, prices were headed way lower. This was people buying in too early, better to wait, when prices went way higher, my broker informed me I had missed the cheap prices.

This is when I made the decision in my mind to get out; however, there was one final annoyance awaiting me. The stockbroking firm contacted me as I was a low value client and they would be shutting my account. Previously, they had shut down my high interest cash account where I kept my investment funds, so I was forced to transfer my cash out to another [low interest] account I had to open at the National Australia Bank.

The decision was not hard, I would now open a share trading account at NabTrade and link the funds to the trading account. However, the stockbroking firm had messed up all my HIN accounts, I had multiple accounts and my superannuation account is missing out on dividend reinvestments. One would think this was a simple process to correct, oh boy was I wrong, the problem continues to this day and my missed opportunity is costing me. It has taken me years to correct this situation and I rue the day I listened to my stockbroker.