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Learning to Invest / My Dumbest Investment


Subject:  AIG and AA Date:  10/5/2012  12:06 PM
Author:  DeeMGee2024 Number:  3588 of 4351

One of the first trades I made was to buy AIG on the crash. I knew nothing (relatively speaking) about AIG or the stock market but thought this would be a good chance to profit from panic. I did NOT profit. Thankfully it was a small amount of money and a very valuable lesson. I think that transaction forced me to become an informed investor.

Last year I sold and bought AA in a short turn around. I have neither the time, knowledge or value to be a short term "trader" and that investment is still on the books at a loss. DUMB move - but smart lesson.
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