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Old February 4th, 2003, 09:29 PM   #1
Micheleh
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Unhappy *GROAN*... or, anyone else have a stock market horror story?

I knew things were going to look bad but I had no idea... just got my year end statement. I took a nearly $10,000 loss this year between Microsoft and Cisco. I'm just glad I don't have a mortgage or similar right now. I hope everyone else had the sense to diversify, and weren't hit so hard.

*sigh*
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Old February 5th, 2003, 06:14 PM   #2
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So sorry to hear of your misfortune Micheleh. I don't know if it's any comfort, my parents have lost far more and they were counting on it as retirement income . Cisco is a big shock, they were expected to be the best of the best just a short while ago.

I sincerely hope things turn around soon and you recoup your loss. As Uhura would say, "All my hopes..."

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Old February 5th, 2003, 06:49 PM   #3
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Thanks! I feel for your parents, I really do. My mom is havign a hard time, too- fortunately everything is paid for. So many people literally lost everything. It's easy to sometimes lose sight of that.

I am grateful for everything I have, and all my friends.
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Old February 5th, 2003, 07:11 PM   #4
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Ooh, I just noticed, under your avatar it says you're from Arizona -- that's where my folks live! Small world...

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Old February 7th, 2003, 09:41 AM   #5
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I don't dabble in the stock market. I am a big chicken...I keep my money under my mattress and I have a big dog...lol....just kidding about the mattress....but not about the dog.....
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Old February 7th, 2003, 10:23 AM   #6
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I moved all my monies into closed end funds a while back, they are heavely regulated and pay some of the best dividends. My best to date is ACG they are up and paying 11%.

Hope this helps.
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Old February 7th, 2003, 11:00 AM   #7
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"Ooh, I just noticed, under your avatar it says you're from Arizona -- that's where my folks live! Small world..."

Arizona is beautiful! Just forget about getting a decent wage, lol.

"I moved all my monies into closed end funds a while back....."

Really! I'll have to remember that! Thanks!
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Old February 7th, 2003, 09:07 PM   #8
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I can't imagine HAVING $10,000 to loose.
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