It happened yesterday. Way off topic - financial

16 years ago

I hope this isn't too off topic, but I thought it was interesting, not to mention good for me personally. We have some money (a teacher-sized amount) invested in a couple of mutual finds, and like everyone's, they took a big hit when the market tanked. Rather than ditch them, I took the let-her-ride approach, and as of yesterday their value has worked it's way back to what it was before the big loss.

I know that this doesn't mean a whole lot and a tons of folks are still hurting, but I thought it was a sign that things may be improving. It cheered me up quite a bit, and I hope you find it encouraging.

I hope that no one takes this as me bragging about my financial skills, because I'm only a babe in the woods at this stuff. I once owned 80 whole shares of Apple stock, which I paid $24 a share for. I sold it at $32 and thought I was a genius. Then the iPod came out and Apple stock went up up and away.

My current scheme of making money by selling cut flowers hasn't made me rich yet either. Maybe this summer. Ha!

ThinMan

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Comments (6)

zigzag
16 years ago
Well, I don't think this is OT at all, Thiman. Face it, were it not for $$$, savings etc., we wouldn't be able to fund our gardening addictions!

Like yourself, I've been watching my 'nest egg' investments take a dive, but I've also held my positions and some are showing signs of re-newed life these days. Fingers crossed, nonetheless, the best laid plans .......(oh, I am such a pessimist!).

Concurrently w/the money crash, I had a health crisis, so along w/watching my 'nest egg' diminish, I had mega-medical bills, cash out of pocket. Not a good combo. I think I'm getting it under control and sorted out now - finally! Sorry about your Apple-sauce debacle -ain't hindsight 20/20 a wunnerful thing?! Sorta similiarly, I have a small holding in a telecommunications stock - too little to bother with, too much to ignore - and I've held tight despite 'SELL' admonitions from the talking heads. It will never be an 'Apple', but maybe someday it will be gobbled up by a big player, and gain some traction. A merger/buy out with a beneficial stock split would please me greatly!

I do think things are improving, and am happy your investments are rising to the top. Let's just hope it continues in a concrete, valid recovery.
aftermidnight Zone7b B.C. Canada
16 years ago
Doesn't it just put a little spring back in your step when things start turning around, it gives one hope. Yea... two thumbs up...

Annette
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ianna
16 years ago
good for you. I did the same with my very modest investments. I'm happy to say, things are improving.
midnightsmum (Z4, ON)
16 years ago
Fingers and toes crossed here. The nest egg expired, but I cannot wait to get though my surgery, and get back to work.

Good on you. Sometimes the steady pace is the best pace.

Nancy.
cyn427 (z. 7, N. VA)
16 years ago
Good for you TM! I do think things are turning around some. Just wish our school district hadn't frozen all salaries for two years (including next year-not even a COLA).

TM, you could always publish a daily trivia book! Bet it would sell-or a calendar like those word of the day ones!

Nancy, I forget if you said, but when's the date? I'll be sending all good energy your way!

Here's hoping things improve for all of us.

Cynthia
midnightsmum (Z4, ON)
16 years ago
Being as clever as our TM is, he might come up with an easy-start option to the damnable 2-strokes!!!

Nancy - Cyn - it will May 20th!!!! Yea.