|
TranceAddict Investors Club @ Marketocracy (pg. 145)
|
View this Thread in Original format
| Joss Weatherby |
I suck lol... :( The drop yesterday killed me, and I am still in the red this morning/afternoon.
| | | | | | | | | | | COLUMBIA BKG SYS INC (COLB) | 70 | 5.48 | 383.60 | | 8.46 | 592.20 | 208.60 | | 54.38 | | FORD MTR CO (F) | 25 | 4.54 | 113.50 | | 3.69 | 92.25 | -21.25 | | -18.72 | | RAINIER PACIFIC FINANCIAL G (RPFG) | 60 | 1.5567 | 93.40 | | 0.80 | 48.00 | -45.40 | | -48.61 | | WASHINGTON MUTUAL INC 0.000 (WAMKQ) | 500 | 0.2050 | 102.48 | | 0.1750 | 87.50 | -14.98 | | -14.62 | | WASHINGTON MUTUAL INC (WAMUQ) | 8,950 | 0.0575 | 512.85 | 1.53 | 0.0525 | 469.88 | -44.51 | | -8.65 | | | Total | 1,205.83 | 1.53 | | 1,289.83 | 82.47 | | 6.83 |
|
|
|
| jerZ07002 |
| quote: | Originally posted by Joss Weatherby
I suck lol... :( The drop yesterday killed me, and I am still in the red this morning/afternoon.
|
fortunately you're only playing with 1200 bucks. In December I lost $5k in about a week, so I decided to sit on the sidelines until things calm down. |
|
|
| Shakka |
| quote: | Originally posted by jerZ07002
fortunately you're only playing with 1200 bucks. In December I lost $5k in about a week, so I decided to sit on the sidelines until things calm down. |
I lost over $5M yesterday.
....but it wasn't all my money.;) |
|
|
| Joss Weatherby |
| quote: | Originally posted by jerZ07002
fortunately you're only playing with 1200 bucks. In December I lost $5k in about a week, so I decided to sit on the sidelines until things calm down. |
Ya, and now that I'm living on limited income, its not going to get much bigger anytime soon. :p
Unless I dip into my 401k, but even if I'm only 23 thats probably a bad idea. :p |
|
|
| jerZ07002 |
| quote: | Originally posted by Shakka
I lost over $5M yesterday.
....but it wasn't all my money.;) |
I knew you were going to say something. :D
The hit was directly and entirely to my bank account (not a reduction in a gain). It was painful to watch unfold in such a short period. Although I'm glad I made the move to solidify my losses because i would be down something like 12K+ at this point. As soon as I made my purchases the stocks plummeted. |
|
|
| jerZ07002 |
| quote: | Originally posted by Joss Weatherby
Ya, and now that I'm living on limited income, its not going to get much bigger anytime soon. :p
Unless I dip into my 401k, but even if I'm only 23 thats probably a bad idea. :p |
401K at 23! Unless you're getting a nice matching contribution from your employer, 401Ks suck! there are too many restrictions. |
|
|
| Joss Weatherby |
| quote: | Originally posted by jerZ07002
401K at 23! Unless you're getting a nice matching contribution from your employer, 401Ks suck! there are too many restrictions. |
no match, and i lost my job yesterday :p |
|
|
| Shakka |
| quote: | Originally posted by jerZ07002
I knew you were going to say something. :D
|
Just putting it all in perspective.;) It's nauseating to think of it in dollar terms...gotta train the mind to think in percentages. |
|
|
| jerZ07002 |
| quote: | Originally posted by Joss Weatherby
no match, and i lost my job yesterday :p |
ouch dude - sorry to hear that. That's exactly why 401Ks suck! That money would be easily accessible if it was in an IRA or just your bank account. I don't know all the rules for 401Ks, but the withdrawal rules are burdensome and difficult. Plus, the 10% penalty is a real bitch. Since you lost your job you can't even take out a loan from the plan.
If you don't get a matching contribution you should NEVER NEVER NEVER contribute to a 401K. |
|
|
| Joss Weatherby |
| quote: | Originally posted by jerZ07002
ouch dude - sorry to hear that. That's exactly why 401Ks suck! That money would be easily accessible if it was in an IRA or just your bank account. I don't know all the rules for 401Ks, but the withdrawal rules are burdensome and difficult. Plus, the 10% penalty is a real bitch. Since you lost your job you can't even take out a loan from the plan.
If you don't get a matching contribution you should NEVER NEVER NEVER contribute to a 401K. |
Really? I can't take it out until its under another employers plan huh?
Thats pretty lame. :(
Oh well...
I don't mind losing my job, it sucked rocks. Fired or quit, one was going to happen eventually, and I got fired, so at least I can collect unemployement insurance. Thats a PITA though so I'm going to get in school ASAP and make my family foot the bill for my expenses... :D :( :p |
|
|
| hiram |
| thoughts on Lockheed Martin (LMT) anyone? nice dividend and bounced off support at 70 and could break through 80. no guilt for investing in war machines. |
|
|
| sean5 |
| quote: | Originally posted by Joss Weatherby
Really? I can't take it out until its under another employers plan huh?
Thats pretty lame. :(
Oh well...
I don't mind losing my job, it sucked rocks. Fired or quit, one was going to happen eventually, and I got fired, so at least I can collect unemployement insurance. Thats a PITA though so I'm going to get in school ASAP and make my family foot the bill for my expenses... :D :( :p |
can you collect umemployment if you get fired?
http://www.nolo.com/article.cfm/pg/...04/150/146/ART/ |
|
|
|
|
