| I lost a lot of money today. [message #350936] |
Mon, 15 September 2008 15:29  |
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nikki6ixx
Messages: 2545
Registered: August 2007
Karma: 0
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General (2 Stars) |
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Over $3K(US) in one day. I'm probably one of the luckier ones because I cashed out any 'financials' back last year when the rumblings about the 'sub-prime' crisis began to emerge. Thankfully, I do not need to rely on the markets for retirement, but I feel really, really horribly for the people that do. Who would have thought that companies like Lehman, and Merrill, both of which would have been 'blue chips' only a short time ago would be in such dire straits.
Some people believe that this could be the 'Great Depression' of our generation. Maybe I'm too much of a 'Friedman' for my own good, but we will make it through this, and we will all be better for it. There's always money to be made in situations like this, too.
Edit: Checked with my mutual fund dude. He sounded very, very upset. I'm not looking forward to my next statement. 
Renegade:
| Aircraftkiller wrote on Fri, 10 January 2014 16:56 |
The only game where everyone competes to be an e-janitor.
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[Updated on: Mon, 15 September 2008 15:44] Report message to a moderator |
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| Re: I lost a lot of money today. [message #351252 is a reply to message #350936] |
Wed, 17 September 2008 21:37  |
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luv2pb
Messages: 1488
Registered: February 2004
Karma: 0
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General (1 Star)
Not everything is as it appears
Untouchable |
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I haven't even looked at my 401k money. I'm young enough though that I'm not to worried about it.
My boss that finally retired in December had to work an extra 5 years because of the money she lost as a result of September 11.
N00bstories Director Of Operations
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| Re: I lost a lot of money today. [message #351554 is a reply to message #351551] |
Sun, 21 September 2008 05:00 |
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reborn
Messages: 3231
Registered: September 2004
Location: uk - london
Karma: 0
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General (3 Stars) |
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| Blazer wrote on Sun, 21 September 2008 06:31 |
| luv2pb wrote on Wed, 17 September 2008 21:37 |
My boss that finally retired in December had to work an extra 5 years because of the money she lost as a result of September 11.
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Cry me a fucking river. Do you know how much retirement money I have? ZERO. NONE. ZILCH. No 401k. No savings. And I've been paying an interest-only mortgage on my house for years, which means I havn't paid it down a bit. Yeah I'm basically fucked.
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Unless you have some ageing parent that's going to leave you a tonne of cash, then yeah. You sound pretty fucked. Not to sound like an ass, but what the hell are you doing supporting renegade when you should be looking closer to home and supporting you and your family first?
I'm not saying you're going hungry now or anything, but further down the road as an aging couple you're looking a bit bleak :-/
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| Re: I lost a lot of money today. [message #351707 is a reply to message #351551] |
Mon, 22 September 2008 08:24 |
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luv2pb
Messages: 1488
Registered: February 2004
Karma: 0
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General (1 Star)
Not everything is as it appears
Untouchable |
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| Blazer wrote on Sun, 21 September 2008 06:31 |
| luv2pb wrote on Wed, 17 September 2008 21:37 |
My boss that finally retired in December had to work an extra 5 years because of the money she lost as a result of September 11.
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Cry me a fucking river. Do you know how much retirement money I have? ZERO. NONE. ZILCH. No 401k. No savings. And I've been paying an interest-only mortgage on my house for years, which means I havn't paid it down a bit. Yeah I'm basically fucked.
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I wasn't crying ... I was simply telling a story. Actually it was kinda funny because karma kinda got her on that one. Why would you not be putting money into a 401k? It is pretax so you lose nothing. And besides if that fiance of yours keeps expanding at her current pace you wont have much to worry about pretty soon.
I haven't followed the whole shortselling thing to close but I thought they only stoped it at the corperate level. As an independant person you could still get away with it?
N00bstories Director Of Operations
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| Re: I lost a lot of money today. [message #351833 is a reply to message #351707] |
Tue, 23 September 2008 00:22 |
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Spoony
Messages: 3915
Registered: January 2006
Karma: 0
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General (3 Stars)
Tactics & Strategies Moderator |
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it's harder to do it on your own, requires a lot more guesswork instead of just simply making share prices go down.
Unleash the Renerageâ„¢
Renedrama [ren-i-drah-muh]
- noun
1. the inevitable criticism one receives after doing something awful
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| Re: I lost a lot of money today. [message #354006 is a reply to message #351551] |
Fri, 10 October 2008 19:51 |
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| Blazer wrote on Sun, 21 September 2008 05:31 |
| luv2pb wrote on Wed, 17 September 2008 21:37 |
My boss that finally retired in December had to work an extra 5 years because of the money she lost as a result of September 11.
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Cry me a fucking river. Do you know how much retirement money I have? ZERO. NONE. ZILCH. No 401k. No savings. And I've been paying an interest-only mortgage on my house for years, which means I havn't paid it down a bit. Yeah I'm basically fucked.
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I didn't write it.
http://www.totse.com/en/ego/making_money/hackingthefina173852.html
But I found it useful. 
Seriously people how can you fight a war on terrorism with all of your borders wide open!
The Goverment Has Failed All Of You.
Americas Founding Fathers Must Be Turing In Their Graves, As Well As Every Revolutionary, Every Soldier That Has Fought For This Great Country.
[Updated on: Fri, 10 October 2008 19:52] Report message to a moderator |
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