Showing posts with label luck. Show all posts
Showing posts with label luck. Show all posts

Tuesday, October 28, 2008

how dan missed out on the second biggest single-day gain in the stock market ever.


last week i had decided that i'd had enough of sitting this one out and watching my retirement slip further and further into the future. i moved my international investments into us value oriented funds. then on monday i decided it was time to start buying some stocks. overseas markets were down 10-12-14 percent monday and the us market were about even. the week before i had transferred some money to my ING account, who now operates their brokerage program through sharebuilder. i put the order in to buy monday night after the markets closed. today the s&p had it second biggest single-day gain ever. up over 10%. awesome, right? i logged into my sharebuilder account to check out the massive amounts of money i had surely made today. the order i put in monday night? still "processing". seriously though, we're not talking about a lot of money, but if i were someone else, it could have been. mostly i'm mad because honestly, i have no idea what i'm doing with my investments and there's basically no chance of me timing the market that well ever again. ever. fuck.