Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wyätt Gwyön who wrote (60833)	2/27/2006 9:20:00 PM
From: Paul Senior	Read Replies (1) of 206326

Darffot. My experience much different. I know no one who lost so much money in their portfolios in '00 through '02. People I know - the few rich folks I know - seem to have made up their losses, if they were even sucked into the dotcom mania. "Kids" (young people I know just starting out) who maybe put their small portfolios "all in" in those years got hurt, but portfolios were so small, and they seem to have kept working at okay jobs, that I presume an 80% portfolio loss was readily recoverable by them - esp. if they had bought oil stocks. I'm confused by it all -g-. On this thread, one big recurring theme is that in past oil stocks have been very volatile: good times (high prices) like now with much enthusiasm have been followed by surprising drops in oil prices, so BE CAREFUL. (This being my interpretation of the theme.) Therefore, given the theme, it is hard for me to imagine posters here not being careful or not having been careful, and thus having sustained large and unrecoverable losses. Jmo. Hope I'm not sounding pompous. In past years, I've been one who has been quite familiar with that $3000 write-off -g- Very possible I could revisit that experience. I hope not, but one never knows.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next