Quote:
Originally Posted by imagine
how did you guys not loose your asses when our financial system/wallstreet took a crap? don't you have money invested?
eve and i lost about 40% of what it took us 15 years to save. it is probably chump change to you, but that was our retirement/emergency money for us. we live well within our very low income and thought we were making smart safe choices with what we could afford to save. and we got screwed big time.
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we lost 63,000.00 in 2 days. well..we still own the stock, so its really a paper loss, the initial 'capital' in that portfolio is still intact, but it wiped at all the profit for the last 6 years.
luckily, we have the 'deep' retirement savings in really 'safe' stuff and it wasnt affected, but yes, it put a big hole in my plans to expand my company since we where gonna cash out that 60 K in December for next years production runs.
also, we have no debt other than a single monthly truck payment, so yes, we are buying more stock, as crazy as that seems.
now, a lot of projects will not happen.
so, it really sucks.