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A Fool & Her Money are Soon Parted

August 11th, 2007 at 09:47 pm

(My first entry)...Over the last couple of years I have totally re-invented myself, I have gone from being quite a spend-thrift to doing everything right...maxing out my 401-k & my Ira, short term savings, long term savings, emergency fund, sticking to a budget,etc ...

Well, within the last month or so, I made a bad investment, I lost quite a bit of money in one of my retirement accounts, not because the stock market is down, but because the stock/company went kaput! So, I cannot regain this money. It Is Gone!

I am not looking for sympathy, but rather hope by posting about it, I can just take my lumps & move on...I do not want to get in a "why bother" mood & just throw in the towel & go back to my old ways.

I'm challenging myself to keep on keepin' on.

Posted in Uncategorized | 6 Comments »

6 Responses to “A Fool & Her Money are Soon Parted”

  1. carol Says:
    August 11th, 2007 at 11:16 pm 1186874209
    1186874209

    No please don't throw in the towel and go back to what did not work for you.

    This might be the time to not do any more investing but to keep more of your money stashed away at home. There are all kinds of home safes, including diversion safes. Something to give some thought to.

  2. scfr Says:
    August 11th, 2007 at 11:20 pm 1186874435
    1186874435

    Sorry to hear about the setback, but it sounds like you have made great strides forward in the past year and have a lot to be proud of.

  3. moneycents Says:
    August 11th, 2007 at 11:35 pm 1186875331
    1186875331

    Chalk it up to one of lifes monkey wrenches,learn from it and move on.

  4. Ima saver Says:
    August 12th, 2007 at 01:24 pm 1186925098
    1186925098

    Just call it a learning experience and move on. I have lost money in several of my stocks. Now I pretty much stick to mutual funds and cash in high earning cd's. By the way, welcome and I am glad you joined us.

  5. Broken Arrow Says:
    August 12th, 2007 at 04:50 pm 1186937429
    1186937429

    Welcome to the site!

    Sinse it went kaput, can you share the details of it with us? Perhaps it can help *cough* me avoid a similar fate. Big Grin

  6. terri77 Says:
    August 13th, 2007 at 07:06 am 1186988763
    1186988763

    Live and learn. That's why mistakes are made. You'll be wise the next time for it.

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