The Motley Fool Discussion Boards

Previous Page

Learning to Invest / My Dumbest Investment

URL:  http://boards.fool.com/too-many-to-count-30485224.aspx

Subject:  Too many to count Date:  1/14/2013  7:56 PM
Author:  TMA251 Number:  3612 of 3882

In 1984, about the time of the breakup of AT&T I invested $35,000 in a start up long distance carrier in the midwest called TMI. Believing that there was a window of opportunity for the new comers in the telecommunications industry. The founder and CEO was later prosecuted for fraud and misuse of funds etc.

Although not a lot of money, that $35K if invested in the Baby Bells and held until today would be worth over $250,000..... so I'd be nearly $300K better off by playing the ultra safe old established phone company. Some times you can't compete with Ma Bell!!!!
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us