It seems almost surreal losing 90% of my money in stocks when I really didn’t do anything with the money but put it in a good company.
I was looking at the track record earlier this year and thought my money would be safe there but it took a huge dive like all of the others.
I had $100K earlier this year and now it is down to about $11K, how would you feel at this point? I got the money from my dad’s HVAC company after he died and now I need to decide where to leave it. All of the businesses that I look at had huge declines in their stock price and I want to put it in one and just let it ride. I am thinking of investing in an HVAC business, ideally one that builds the latest HVAC technology as everyone needs heating and AC in their houses basically. I could also put it in this electric car company which is going to be rolling out production of their high end electric cars very soon. It could really take off if the sales are good as the price right now is under $6 a share. I could take my money out and just buy a new HVAC system for my flat and call it quits but I think I would be upset if everything turns around and starts exploding again, which usually happens when I sell. I have an uncanny ability to sell stocks at their lowest point just before they bloom. Let’s see what happens.