The one time that I tried the stock market was when a local paper mill (Verso) came out of bankruptcy and started selling again. I bought 10 stocks at around $12, more to support them than make money. When things quickly went south I panicked, cut my losses and sold for half what I had paid. Now they are going for $17.69, but it was a lesson well learned; I'm not a gambler.She had two mortgages...
I also have doubled down on stocks I owned... if it was a good deal at $20 a share why not at $10 or at $5?
Both instances I bought into companies that became worthless and delisted...
It was a lesson learned... market bad for me.
No, it isn't guaranteed, But what in life is ?
She had two mortgages...
I also have doubled down on stocks I owned... if it was a good deal at $20 a share why not at $10 or at $5?
Both instances I bought into companies that became worthless and delisted...
It was a lesson learned... market bad for me.
Now they are going for $17.69, but it was a lesson well learned; I'm not a gambler.![]()
Well..... in 2008 I lost around 30% of our net worth, but kept it in the market, and kept buying shares. By 2010 I was back even, and by 2012 I was doubled. So.... if I'd have had $500,000 in the market in 2008, I would have had $1,000,000 in 2012. It was a period of gain that I have never matched again.
Now they are going for $17.69, but it was a lesson well learned; I'm not a gambler.![]()
The one time that I tried the stock market was when a local paper mill (Verso) came out of bankruptcy and started selling again. I bought 10 stocks at around $12, more to support them than make money. When things quickly went south I panicked, cut my losses and sold for half what I had paid. Now they are going for $17.69, but it was a lesson well learned; I'm not a gambler.![]()
I never never buy single stocks. I only invest in mutual funds.