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Old 04-03-2012, 05:18 AM
Charles Charles is offline
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Join Date: May 2009
Posts: 10,348
Quote:
Originally Posted by BlueStreak View Post
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
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