TargaDave
Full time employment: Posting here.
- Joined
- Jul 22, 2005
- Messages
- 588
Over the years most of our equity investments have been boring well diversified affairs. However there were some memorable bumps along the way.
Worst: I actually got suckered in by a friend to invest some money through Stratton Oakmont sometime around 94. They were the infamous Long Island boiler room IPO operation. loss => $45k. Completely my fault and plenty of stress on the marriage since the wife wasn't paying much attention to the investments at the time. I will never forget that lesson in greed and gullibility
Best: Peak of the tech bubble early 2000. I begged the wife to dump her vested Telcom company stock (sitting in her 401k) and switch to a balanced fund. Stock experienced a 10X gain in something like 2 years and her co-workers were convinced it was headed higher (those really were crazy times). I can still remember telling her it wasn't any more real than those make believe companies Stratton promoted. She finally gave in and dumped it all. Two years later the stock was under 2. Gain (even with the the SP500 drop since 2000) => $350k
Today: much stronger marriage and still invested in those boring diversified affairs. We review every boring decision together, and with an advisor.
Glad to be on the site. Cheers, TargaDave
Worst: I actually got suckered in by a friend to invest some money through Stratton Oakmont sometime around 94. They were the infamous Long Island boiler room IPO operation. loss => $45k. Completely my fault and plenty of stress on the marriage since the wife wasn't paying much attention to the investments at the time. I will never forget that lesson in greed and gullibility
Best: Peak of the tech bubble early 2000. I begged the wife to dump her vested Telcom company stock (sitting in her 401k) and switch to a balanced fund. Stock experienced a 10X gain in something like 2 years and her co-workers were convinced it was headed higher (those really were crazy times). I can still remember telling her it wasn't any more real than those make believe companies Stratton promoted. She finally gave in and dumped it all. Two years later the stock was under 2. Gain (even with the the SP500 drop since 2000) => $350k
Today: much stronger marriage and still invested in those boring diversified affairs. We review every boring decision together, and with an advisor.
Glad to be on the site. Cheers, TargaDave