My birthday.
A year ago I was ecstatic and full of plans. I should have sold Qcom on Jan 3rd as I'd planned (a stock that goes up 156 points is full of air) but wanted to stay part of the whole experience and, like the fool I obviously am, didn't. When it fell to 55 I sold, panicked and frightened and of course along the next few months bought and sold my way to a portfolio worth less then before the whole qcom thing began. Last weekend we had one of our semi annual investor meetings. From a room full of people we were down to six, including me and Ted. The people who usually come one by one cancelled and, in fact, a very usually courteous friendly young lady hung up on me when I called her to tell her about it!!!!! (The six of us had a wonderful time anyway).
People are bummed out: those of us with retirement looming are despondant: I've watched the misery creep into people's lives over this financial "correcting" on S.I. but never thought it would happen to me.
Gorilla game or not, if you bought Qcom at 180, Csco at 80 etc and so on you are mighty miserable now. For me, who had enough forever and was too stupid and greedy (or something) to cash it in, remember, stocks can go to zero. Look at the p/e's in the IBD columns: compare them to a year ago.
I'm very depressed and have been for some time. I have some cash but that only makes 6.1% andI haven't a clue how to grow what I have back to what I need for the house, etc, we were going to build and do in the next year (when I retire).
I know others are in the same boat and hurting emotionally.
Just thought I'd say something.
Happy birthday to me. Wish I'd been wiser last birthday. I don't know if I'll ever get the chance to be "wise" and cash it in, again.
Freeus |
