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Started By
Message
Bad investment
Posted on 3/3/10 at 8:29 pm
Posted on 3/3/10 at 8:29 pm
I made a bad investment. 
I would love to say it was purely accidental but it wasn't!
I'm down 33% of ALL my money
If you were in my situation, what would you do? And no, taking the money out isn't an option. I mean, which stocks do you like/own etc. Why?
And
I would love to say it was purely accidental but it wasn't!
I'm down 33% of ALL my money
If you were in my situation, what would you do? And no, taking the money out isn't an option. I mean, which stocks do you like/own etc. Why?
And
10
Posted on 3/3/10 at 8:54 pm to FunkyTiger
I would just say stick it out and just wait for the economy to pick back up..
Posted on 3/3/10 at 10:41 pm to FunkyTiger
hard to really give you advice here with the given info? what exactly did you do ? what did you invest in ? what is your risk tolerance before and going forward ?
Posted on 3/3/10 at 11:44 pm to Zilla
Pork Bellies have been doing really well for me. I'm up about 10% over the past month.
Posted on 3/4/10 at 5:00 am to FunkyTiger
I made my first foray into trading in January... I'm down 5% already. I think it's gonna pick that back up pretty soon though, and I'm not in any hurry to sell it, so I'll be alright.
Posted on 3/4/10 at 5:44 am to FunkyTiger
quote:
And no, taking the money out isn't an option.
Why is this the case? If you can't take the money out, you really have no option.
Posted on 3/4/10 at 5:49 am to C
Gold (Rivers)
Swing Trade (Hapalap)
Whores (the O/T)
Munis (Jersey Tiger)
MVIS (Zilla)
Russian (Exxon- by far his largest investment)
Zach (companies you know that will be around in 20 years, like Exxon)
Non-perishable food items, bongs, weird gnomes and ammo (MileHigh)
Swing Trade (Hapalap)
Whores (the O/T)
Munis (Jersey Tiger)
MVIS (Zilla)
Russian (Exxon- by far his largest investment)
Zach (companies you know that will be around in 20 years, like Exxon)
Non-perishable food items, bongs, weird gnomes and ammo (MileHigh)
Posted on 3/4/10 at 8:01 am to LSUtoOmaha
I'm gonna have to start pimping pork bellies harder.
Posted on 3/4/10 at 8:31 am to LSUtoOmaha
quote:
Munis (Jersey Tiger)
If you are in the highest tax bracket then this is your answer.
This post was edited on 3/4/10 at 8:32 am
Posted on 3/4/10 at 8:37 am to FunkyTiger
I'd double down. If you liked it at 100 you should love it at 67.
Posted on 3/4/10 at 8:47 am to LSUtoOmaha
quote:
Whores (the O/T)
Posted on 3/4/10 at 9:02 am to LSUtoOmaha
quote:
Gold (Rivers)
Swing Trade (Hapalap)
Whores (the O/T)
Munis (Jersey Tiger)
MVIS (Zilla)
Russian (Exxon- by far his largest investment)
Zach (companies you know that will be around in 20 years, like Exxon)
Non-perishable food items, bongs, weird gnomes and ammo (MileHigh)
I would like to add:
The Rant - buy puts sell calls on the LSU football program
Posted on 3/4/10 at 9:16 am to LSUtoOmaha
thats awesome
Posted on 3/4/10 at 9:21 am to FunkyTiger
best advice I ever got was to cut all losses at 8% and take a step back to re-evaluate. You can always buy again.
Posted on 3/4/10 at 9:55 am to FunkyTiger
I bought my 1st stock (exxon) in october 1987. I kept on buying each month with 13% of my wages and retired october 2009. 
Posted on 3/4/10 at 10:56 am to tigerhog
quote:
I bought my 1st stock (exxon) in october 1987. I kept on buying each month with 13% of my wages and retired october 2009
Bet you wished you would've retired in mid-2008....
Posted on 3/4/10 at 11:00 am to FunkyTiger
diversification is awesome.
Posted on 3/4/10 at 11:02 am to FunkyTiger
quote:
Bad investment
I made a bad investment.
I would love to say it was purely accidental but it wasn't!
I'm down 33% of ALL my money
The best way to prevent this is to always have an 'out' price in you head.
Posted on 3/4/10 at 11:11 am to LSUtoOmaha
quote:
Gold (Rivers)
Swing Trade (Hapalap)
Whores (the O/T)
Munis (Jersey Tiger)
MVIS (Zilla)
Russian (Exxon- by far his largest investment)
Zach (companies you know that will be around in 20 years, like Exxon)
Non-perishable food items, bongs, weird gnomes and ammo (MileHigh)
Tigerdeacon: Heirloom seeds . . . . and whores.
Posted on 3/4/10 at 11:25 am to thelawisafterme
If I had any sense, i would have sold about 50% of it when it was in the 90's. Hard to make that decision when all you have known is buy and hold for 22yr.
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