Comments on: Tracking Finances: Riding the Dot-Com Bubble http://www.mint.com/blog/uncategorized/tracking-finances-tuesday-train-wreck-dot-com-bubble/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sat, 11 Feb 2012 21:46:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Dy (www.dyphan.com) http://www.mint.com/blog/uncategorized/tracking-finances-tuesday-train-wreck-dot-com-bubble/comment-page-1/#comment-722 Dy (www.dyphan.com) Wed, 30 May 2007 18:19:18 +0000 http://mymint.com/blog/train-wreck/tuesday-train-wreck-riding-the-dot-com-bubble/#comment-722 My dad lost a boatload on Amazon during the burst. My dad lost a boatload on Amazon during the burst. ]]> By: Tyler http://www.mint.com/blog/uncategorized/tracking-finances-tuesday-train-wreck-dot-com-bubble/comment-page-1/#comment-527 Tyler Tue, 15 May 2007 14:05:59 +0000 http://mymint.com/blog/train-wreck/tuesday-train-wreck-riding-the-dot-com-bubble/#comment-527 This is exactly why I like to keep my money out of stocks. When I was in high school, I started an investment club. I was up about $12k (a TON of money for a 17 y/o) and I rode it all the way back down to $2k, My original investment. Seeing this happen to myself so young made me realize that 1) You'll never time the market, ever, period. and 2) stocks are too risky for what I want to accomplish. I'm liking my mutual funds now :-) This is exactly why I like to keep my money out of stocks. When I was in high school, I started an investment club. I was up about $12k (a TON of money for a 17 y/o) and I rode it all the way back down to $2k, My original investment. Seeing this happen to myself so young made me realize that 1) You’ll never time the market, ever, period. and 2) stocks are too risky for what I want to accomplish. I’m liking my mutual funds now :-) ]]> By: Viet http://www.mint.com/blog/uncategorized/tracking-finances-tuesday-train-wreck-dot-com-bubble/comment-page-1/#comment-526 Viet Tue, 15 May 2007 13:19:57 +0000 http://mymint.com/blog/train-wreck/tuesday-train-wreck-riding-the-dot-com-bubble/#comment-526 This is definitely a tough story, as many people I know (including my mom) have also rode the dot-com bubble up and down (and some just straight down). Thankfully I was too young to start investing during that time; because if I wasn't, knowing my purchasing decisions, I'd have most likely load up on my shares of speculative junks too. I suppose I'll also share my story of keeping the loser and selling the winner. Basically, I own (and for whatever reason still own) shares of a speciality electronics retailer. If you know how well Circuit City is doing lately, imagine how this smaller chain feels right about now. I've had a few chance to sell the shares at a "meager" ~7% lost... but I held on, all the way till the recent 70% drop in value. Like the original poster, I also sold some winner during the time frame because I needed some extra cash flow... and of course, about a week after I sold my shares of the winner, it reaches its all time record high. The really funny (or not so funny) thing in all of this is the fact that, before I started buying individual stocks.. I read plenty of suggestions and advice about selling the losers, keeping the winners... not letting emotions and the market get in the way of my buying/selling decision --- but I went and let all of them influence me anyway. Definitely learning my lessons. This is definitely a tough story, as many people I know (including my mom) have also rode the dot-com bubble up and down (and some just straight down). Thankfully I was too young to start investing during that time; because if I wasn’t, knowing my purchasing decisions, I’d have most likely load up on my shares of speculative junks too.

I suppose I’ll also share my story of keeping the loser and selling the winner. Basically, I own (and for whatever reason still own) shares of a speciality electronics retailer. If you know how well Circuit City is doing lately, imagine how this smaller chain feels right about now. I’ve had a few chance to sell the shares at a “meager” ~7% lost… but I held on, all the way till the recent 70% drop in value.

Like the original poster, I also sold some winner during the time frame because I needed some extra cash flow… and of course, about a week after I sold my shares of the winner, it reaches its all time record high.

The really funny (or not so funny) thing in all of this is the fact that, before I started buying individual stocks.. I read plenty of suggestions and advice about selling the losers, keeping the winners… not letting emotions and the market get in the way of my buying/selling decision — but I went and let all of them influence me anyway.

Definitely learning my lessons.

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