Anyone else NOT been affected by the economy? (user search)
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  Anyone else NOT been affected by the economy? (search mode)
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Author Topic: Anyone else NOT been affected by the economy?  (Read 6597 times)
Fmr. Pres. Duke
AHDuke99
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Posts: 24,156


Political Matrix
E: -1.94, S: -3.13

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« on: December 02, 2008, 02:14:45 PM »

It won't effect you till you get laid off. It's effected me with my investmentts and the 4 houses my family owns because we have no capital gains and the dividends are getting cut on a lit of stocks. My father is an architect, so with the slowdown in construction, his business is very slow.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,156


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #1 on: December 02, 2008, 06:55:55 PM »

The portfolio I made in 2004 out of my summer work money began with $3500, rose to $5620 in mid 2007, and is now worth a whopping $2,016. My college fund is down $95,000. My grandfather's estate is down $950,000. Other than that, we haven't been affected at all!
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,156


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #2 on: December 02, 2008, 07:19:40 PM »

The portfolio I made in 2004 out of my summer work money began with $3500, rose to $5620 in mid 2007, and is now worth a whopping $2,016. My college fund is down $95,000. My grandfather's estate is down $950,000. Other than that, we haven't been affected at all!

You were able to lose that much money?

My broker explained that he had never seen an environment like this and basically apologized for what has happened.

I just let all my stocks collapse, but I am confident that all the companies I am invested in are sound like Apple Computer, AT&T, Phillip Morris, and Enterprise Energy. But I did invest in Citigroup, Crocs, Wachovia, and some other nuclear energy companies which have taken a hit during the collapse. However, since they own their own uranium fields, I think they'll be back. Crocs probably will never get back to the $75 it was when I should've sold it, or the $30 I paid to buy it.
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Fmr. Pres. Duke
AHDuke99
Atlas Star
*****
Posts: 24,156


Political Matrix
E: -1.94, S: -3.13

P P
« Reply #3 on: December 02, 2008, 07:41:36 PM »

The portfolio I made in 2004 out of my summer work money began with $3500, rose to $5620 in mid 2007, and is now worth a whopping $2,016. My college fund is down $95,000. My grandfather's estate is down $950,000. Other than that, we haven't been affected at all!

You were able to lose that much money?

My broker explained that he had never seen an environment like this and basically apologized for what has happened.

I just let all my stocks collapse, but I am confident that all the companies I am invested in are sound like Apple Computer, AT&T, Phillip Morris, and Enterprise Energy. But I did invest in Citigroup, Crocs, Wachovia, and some other nuclear energy companies which have taken a hit during the collapse. However, since they own their own uranium fields, I think they'll be back. Crocs probably will never get back to the $75 it was when I should've sold it, or the $30 I paid to buy it.

Crocs is far more likely to hit $0 than it is to get to even $3.

Yeah. That was the worst investment I ever made. I got greedy when I watched it run up from $30-$75. I almost sold it before they released earnings, but I thought it would have a good report. Instead, it dropped off 25% and never had a bump afterwards. Now I'm stuck with it.
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