Nintendesert
Diamond Member
- Mar 28, 2010
- 7,761
- 5
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No, I went the index fund route for some long term investments. I stay away from individual companies, it's tempting when you buy some of the BS hype, but it's a lot of risk to put on one pony.
i don't invest in the stock market, but i do get sick seeing others get rich off of it.
I took it a step further....I not only went in 'whole hog' (as they say), I was so sure that I had a winner that I went in margin too. I had no choice but to sell (as account went negative). I owed more money (after sale) than the account had in it (about $10 - but Schwab waived that). On top of that, found out that CEO and other executives were cooking the books in the background (got $800 back in class action lawsuit a few years later).
Yes, I learned a hard lesson during that time...one that I NEVER forget.....and one that I am forever grateful that my wife forgave....
What stock did you lose on if you don't mind me asking.
I took it a step further....I not only went in 'whole hog' (as they say), I was so sure that I had a winner that I went in margin too. I had no choice but to sell (as account went negative). I owed more money (after sale) than the account had in it (about $10 - but Schwab waived that). On top of that, found out that CEO and other executives were cooking the books in the background (got $800 back in class action lawsuit a few years later).
Yes, I learned a hard lesson during that time...one that I NEVER forget.....and one that I am forever grateful that my wife forgave....
