Investing

[radjin]

One of my past entries mentioned investing and how it's been a very good year; that got me a number of private messages asking what I do. Well first off I won't tell you what you should do because your situation is likely far different from mine. But I can tell you what I do in general and you can decide what is the right path for you. Even better

Comments

[whitetail]

This is what bad investing looks like.



My life as I knew it ended with a single ill-thought-out click of a mouse on Scottrade.

I will never recover.

Intelligence does not prevent one from doing stupid things, and actions sometimes have irreversible consequences. I learned these truths the hard way.

[radjin]

We all can and will make mistakes. There's nothing I need to say they can improve upon the wisdom you learned that day.

In encouragement, I once lost a substantial some when I didn't realize a company was going to file for bankruptcy. The good news is after 10 years I was able to recover it and have since gone on to do even better. It wasn't easy and it does set you back but it's not impossible.

I hope you have not given up and plan to fight for every cent back through research and planning. You only lose when you jump out of the game when you're down. At that point you might as well ride the storm.