Thread: Investing 102
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Old 03-20-2013, 08:09 AM
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Sieg Sieg is offline
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Quote:
Originally Posted by GregWeld View Post
Well.... We have fresh powder here... so I'm headed for more vertical. But there's an old saying about "your first loss is your best loss". That stock has been "dead money" for 10 years -- ditto Microsoft... and I have MANY friends still into those stocks big time -- waiting for the "rebound". In the meantime they could have sold 9 years ago --- invested in General Mills cereal and they have 3 times more money.


Yeah --- I had a HUGE amount of MSFT shares.... but I scaled out of them on a regular basis and re-invested in other stuff. Sometimes I look back and say -- if I hadn't sold at "X"... I'd have had double the amount of dough.... and then I look at my friends that are still holding and rode it down to a third of "what they had"... I'm retired - they're not.
Dell & HP may end up cereal......

Yup, I'm a World Champion Bull Rider...........thought I was winning, until I realized the bull was dying.
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