gosh137
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Yes I have recovered. When everyone was saying "This time its different, earnings don't matter," I didn't believe it. I continued to hold long term solid companies as my "core" holdings. I did "invest" a small amount in 2 "gambles." The 2 were electric utilities that changed their fundamental businesses. One got mostly into energy trading (became a baby Enron) and I sold at a small loss, the other changed to a long distance phone company (Montana Power to TouchAmerica). That went totally "belly up" on me. Lessons -- If the company changes its business from the original reason you bought, watch it closely. If it no longer "fits" into your portfolio, SELL quickly. |
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Faye H
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My stock portfolio was just fine, even in 2000. But I wasn't investing in all the dot.com companies either. Most of those aren't even in business any more.
The lesson is buy good stocks and hold them long term. Reinvest dividends.
Go read up on Warren Buffett. He's the second richest man in the world and one hell of a stock market investor. |
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Derwood H. Stevens
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I believe in giving as good as you get so I took a dump in the back seat of my stockbroker's VW Jetta.
He stopped investing my money so heavily in companies that made spandex pants for boy bands and my portfolio recovered quickly. |
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muncie birder
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2000 was not the time to be heavily invested in stocks. Granted my assets did not increase as much as they did during 98-99, but they did not take a hit either. Just a breather so to speak. There is a time to invest aggresively and a time not to. 99-2000 was a time to shorten sails and prepare for the squall. Many who met the storm under a full set of sails wound up capsized and some actually drown as a result.. Those who were traveling under shortened sails at the time weathered the storm just fine. |
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cziizi
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well, I got a job and made a bit of money. then spent it.
"money is for spending; if you have it, spend it! I don't want to hear any more about economy!" - Pat Garrett (wealthy miner during Klondike Gold Rush)
;-) |
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vegas_iwish
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nothing new to learn. Markets incl stocks, real estate, tulips, etc are based on emotion in the short term. They go higher than they should when rising & lower when they should when falling as a mind set of momentum kicks in. I did not own internet stocks so just got caught with the whipping winds of the balloons bursting. Has happened before & now happening in real estate. Invest in a diversified portfolio & DO NOT SPECULATE. |
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Osric_Hacker
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The Best Investments are in Third world countries...due to high profits and cheap labour why is it everyone invests in cheap low profit stocks :| |
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Tockers57
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That financial recession really didn't hurt me that bad. Thank God, I put all my money into jewel encrusted thongs from Tiffany's. |
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