Quote:
Originally Posted by BlueStreak
I believe so.
As the market was plummeting in the Spring of 2009 I sat in front of the computer in the shop.
As wide eyed coworkers watched on I increased my 401k contribution to 15%.
"You're a fucking idiot, you're gonna lose everything!" I was told by a conservative co-worker who has been through bankruptcy twice.
He cut his to the minimum, 2% and then took $10,000 out----to buy a car. (And, to keep "President Buckwheat" from getting his hands on it.) BTW, he only had about $15k in it to begin with. Prefers to spend his money on drag racing.
Fast forward to today.
As of closing bell;
Me;
$136,799.19 at T. Rowe Price.
$93,726.51 at TransAmerica.
Total;$230,525.70
Him;
In bankruptcy for the third time. Has a really fast '66 Impala though. 
Yeah. I'm a fucking idiot.
Dave |
So he sold low and bought a hot rod? I can see why he's going down for the third time.
You did the right thing by doubling down at low tide, unless you're one of those who believe in a total economic collapse. Of course, if that happens, it won't matter because everyone will be broke.
Damn, I had too much fun last night. But it was over 90 yesterday, and those Irish Ales were sliding down good.
Chas