Quote:
Originally Posted by ullmandds
oh well! i am guilty of a momentary episode of stupidity. I've done very well on the vast majority of my hobby expenditures...minus this and a rare fernando tatis card. we all make mistakes. I've learned to stay in my lane.
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Some smart Wall Street guy once said "Everyone deserves to lose their shirt in the markets once in their life and learn from it." When Covid first hit and the Dow dropped to 18K, I couldn't believe watching it crawl back to 25. I thought, "every restaurant in America is going to close until they get a cure, how in the world could the markets actually be going up?" My broker couldn't answer that question and sold me--at my insistence--the worst double short ETF in history, whereupon the Dow continued to climb to 40K. I'd had enough and bailed at 30K and only lost 60% of my investment, but the lesson was priceless. I only wish I'd been smart enough to put the proceeds into vintage BB cards instead of a 1% MM fund, but who knew?