With the Billions of Dollars of Write-offs looming and the market having seen 300+ falls, Bernanke saying growth is slowing - I AM OUT OF THE GAME! From 30,000 to 36,000 in just 20 days and then from 36,000 to 28,000 in 30 days! Net-Net - I have lost 2k and need to back pay 2k in taxes ~ Lost 4k in 51 days. Yep, there are people who have lost more and are still HOPING to come out when the market gets good. I am better off than them. More than the 4k I have lost the biggest loss is the loss of confidence - a fear of the future - on how money can be minted. I mean - this corporate job is never going to be sufficient to build an economic empire. I was building castles in the air with making a Million dollars in a year or two and then multiplying it.
I have been learning - learning - never applying the lessons. I will again start with toddler steps but now I dont even have a margin of safety to try. So the only way out is for the markets to stabilize. But when? I will take to more reading. More and more.... and will see ...
Thursday, November 8, 2007
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