I’ve been investing the stock market for a little over twenty five years. One thing I have learned is you never invest money you can’t afford to lose. This may sound heartless and cruel but lets be honest. If your retirement funds are all in Citibank, you screwed up. You are not going to be living as well as you had hopped. You probably already know this. You probably already made lots of money, before you saw the value’s of your investments disappear. I feel your pain. I really do, but the fact is; if you put all your money in a few stocks, because they were doing so well, and didn’t do anything to protect yourself, if they lost money, you gambled and lost. It is not the job of the government to bail you out. As a nation we are facing serious problems. As a nation it is not our responsibility to bail out people who had bad investment strategies.
I’m really getting tired of reading op-ed pieces that warn about investors losing money. The stock market is a gamble. It always has been risky. Just because people who didn’t understand how the market works, made lots of money, doesn’t mean we have to protect them against loss. It is up to individual investors to learn how to invest. You should have a one third sell, investment strategy or some other formula, for protecting yourself against loss. If you don’t, well… in the back or your mind, an alarm has been going off for years. You should have listened to it.
Stalker Out!
Heterodox Stalker