I just saw this video on Facebook, and, in light of yesterday's stock-market-down-the-rabbit-hole adventure, it seems timely to share it in the blogoshpere.
Heh! I actually made a bunch of money with E-trade several years ago. I bought stock in something called...well...I can't remember what it was called, but it was an online grocery store that delivered in the San Francisco & L.A. area.
Webvan...that was it, "Webvan." It went from something like 40 cents per share to roughly two bucks. I sold. I followed it for a while, and when it went back down to about 50 cents I bought whole hog (pun intended in reference to that stupid clock picture below).
It tanked. I'm pretty sure I lost more than I had made in the Webvan run-up. Sickening part of it is that I had to pay taxes on the profit from the first sale. Got double-whammied!
Let us contemplate our forefathers and posterity, and resolve to maintain the rights bequeathed to us from the former for the sake of the latter. -- Samuel Adams
Envy is always referred to by its political alias, "social justice." -- Thomas Sowell
Curse you, Red Baron! -- Snoopy
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. -- Winston Churchill
It's people! Soylent Green is people! -- Charlton Heston
The Serta Perfect Sleeper savings plan doesn't look so bad now.
ReplyDeleteSN1 put this up on G+ yesterday. My comment: at least he's young enough to start over, unlike SOME of us.
ReplyDeleteI haven't had the heart to look at my 401(k) all this week.
You may be on to something, PH!
ReplyDeleteI hear your pain, Buck. I haven't either, but Pepper has been playing with it and diversifying, so I think I won't panic -- yet.
Heh! I actually made a bunch of money with E-trade several years ago. I bought stock in something called...well...I can't remember what it was called, but it was an online grocery store that delivered in the San Francisco & L.A. area.
ReplyDeleteWebvan...that was it, "Webvan." It went from something like 40 cents per share to roughly two bucks. I sold. I followed it for a while, and when it went back down to about 50 cents I bought whole hog (pun intended in reference to that stupid clock picture below).
It tanked. I'm pretty sure I lost more than I had made in the Webvan run-up. Sickening part of it is that I had to pay taxes on the profit from the first sale. Got double-whammied!
Tax laws suck! Even more than red pigs.
I think my husband felt this way when he checked his stocks the other day.
ReplyDeleteYou're right about tha tax law thing, Andy, but you're mistaken abouyt red pigs -- they don't suck, they snort. Rather majestically, I might add.
ReplyDeleteI haven't checked on the sticks, Lou.