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.
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.
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