Georgia 36,000 BP
Member since Sep 2012
When I bought stock in GM instead of Marvel Comics. (Posted on 4/7/13 at 9:14 am)
About 15 years ago I started buying stock.
I heard Marvel Comics was in financial trouble. It was a penny stock then. I thought about investing in the company because I like comic books and wanted to help them out.
But I figured, I shouldn't risk my money, it could go bankrupt, etc.
So I bought stock in what I thought was perfectly safe but didn't really like--General Motors. I think their cars suck, I prefer Toyota.
Well, General Motors went bankrupt and Marvel Comics was purchased by Walt Disney. Instead of losing all that money, I would have made a good profit. (I hung on to GM until the bitter end.)
Oh, the irony. There's a moral in this story somewhere.