Archive for the Investing

Don’t Invest in the Stock Market

talk, telling me that he was getting some stock certificates that he hadn’t accessed in years.  He was going to sell his stock.  He was an older gentleman, probably in his early seventies.  He then proceeded to tell me that he lost so much money in the stock market that he’d advise people to never invest in the stock market.  I made the remark that everyone tells me that I’m young, so I shouldn’t worry about the volatility of the stock market because I’ve got a long time to weather the ups and downs. He told me at one point he had been making $14,000 a month from the stock market alone.  He didn’t disclose how much money he invested, but that was his gain monthly from investing in the stock market.  Crazy. I can’t even imagine earning $14,000 a month without having to do any work to earn it. In 2001 after the 9-11 attacks on the World Trade Center, he lost 50% of his investment value.  Instead of cashing it out, he decided to hold onto it and […]

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I Sold All of my Company Stock

I logged in to check my 401k performance the other day and realized that about 35% of my 401k portfolio was in company stock.  I personally don’t allocate my contributions to company stock, so it was all from the company match.  While I am thankful for the 401k match, I also don’t like having that much of my 401k tied up in company stock.  I don’t know much about investing, but I do know that it’s not good to have your eggs in one basket, especially in your company stock. I am reminded of a couple years ago when the bank I work for was not doing so well.  At one point our stock was $45 a share.  Before we were bought out, our stock was down around $2.  Many people, including the branch manager and licensed investment adviser, had their entire 401k in company stock.  To say they lost money would be an understatement.  Unfortunately, I know this happened to many others as well, and not just those who worked at the bank. I sold all the stock and […]

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    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

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