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I lost hundreds of thousands in the stock market by being the idiot that I am
I met a lady, figured I needed to get money fast, and cashed in my work stock.
I had over 2,000 shares 10 years ago .
It had never gone past 30, and I cashed in at around 26.
It is currently at 176.
I then took the money from cashing in my stock, abd invested in Netflix.
The president of NF did a shifty move by splitting the company into two parts - DVD mail service, and streaming.
The stock sank like a rock, and since this was my first purchase, I listened to the guys at work that played the market for advice. " You better get out. It looks like they are going under ".
So I pulled out at 61 dollars, and the pres of NF "suddenly changed his mind " and merged the services again.
It took off like a rocket, and hasn't dropped since.
Reed Hastings - the Netflix president made millions shorting his comany.
So, after getting burnt, I figured I would leave $10,000 in stock in Sears.
We all know the story there.
I held and held. I think I have about $5 now ?
What burns me on Sears, is that the president owns a lending agency that Sears borrows from to stay afloat.
So live or die, he makes money, and could care less about all the people that lost their jobs at Sears.
Greed.
I saw that Tesla was looking good, and was about to invest - when suddenly, there were some electric cars that caught fire from Fisker ( this was years ago )
I backed out out on Tesla too.
So - not only did I lose my savings, but I also lost a lot of self respect ( what little I have )
And I lost the girl.
About this lady -my car used to be quite nice.
She told me she was allergic to carpet. Even car carpet.
So I ripped it out of my car.
And the car has steadily been getting worse.
I'm at the point to where I'm numb, but hey - at least now I can add goofy looking aeromods to my car and not worry about how the car looks.
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