Thursday, January 15, 2009

Bad investments

As I've been studying about finances this week, I've been thinking about investments. Since I tend to invest for the long haul, so far I've never lost money on an investment. But I did get suckered one time at a county fair where the ring toss guy kept talking me into going "double or nothing" and I was trying to impress a girl with my mad ring toss skills. By the time I was down $30 the carnival guy backed off, I think because he didn't want to make me look any more like I a loser than I already did. So what about you? What's the worst financial investment you ever made?
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3 comments:

  1. AnonymousJanuary 15, 2009 at 8:57 PM

    I bought stock in MCI Worldcom in 2001. In July of 2002 they filed for Chapter 11 bankruptcy. They came out of bankruptcy in 2004, but the stock was valueless. I now stick to mutual funds -- not that those are doing that great these days, but maybe over the next 30 years or so they will be OK...

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  2. AnonymousJanuary 15, 2009 at 11:13 PM

    Well, right now it appears to be our home in Mt. Juliet!

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  3. Todd StevensJanuary 16, 2009 at 5:04 PM

    JCraig - I feel your pain! We miss you guys!!

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