Fluxhavok
08-07-2008, 06:02 PM
Dude, i lost 6 grand in the market today, 21% of my portfolio. It's by far the most i've ever lost ever... ever. Now i understand why all those old guys jumped off of buildings back during the crash of... of... whatever year that big crash was... gahhhhhhhhh!!
Daisy
08-07-2008, 06:32 PM
Why'd you have to go and tell me that. Now I want to go and check on mine and I'm afraid... very afraid!:eek:
Fluxhavok
08-07-2008, 06:42 PM
you should be good as long as you don't have ABK
Talako
08-07-2008, 09:31 PM
Why would you have that much of your portfolio in one stocK?
Fluxhavok
08-07-2008, 09:59 PM
because i'm an idiot.
And because my whole, "Diversification is for Suckers!" attitude had produced awesome results thus far. I learned my lesson. I extra learned my lesson. with cherries on top.
You haven't lost anything unless you sold. In a year or two, your shares could recover. My portfolio paper losses in the last 12 months are staggering, but I haven't lost a dime yet in real money. Same with my real estate . . . went down over 20%. Fortunately, I do not need that money to live. I will simply weather the storm and enjoy the ride back up in a year or two. Those who panic are the ones who will suffer.