No. of Recommendations: 3
"It's only an adjustment"

Followed by ... "don't panic, my biggest investors are holding" ... "we are in this for the long haul."

Of course this was

Before home computers.

Before online brokers.

When you actually checked tomorrows paper to see how your stock did today.

Anyone you met who wore a velour jogging suit could be trusted to know how to pick stocks (usually you met them at the supermarket checkout, favorite place to gather insider info also)

This was the era that "paper certificates" were all but eliminated. Many believe this was due to electronics. Not true. If you lived it, you understood that when an IPO came out, if you "got ya some", before the certificates could be printed and mailed, the company would be merged with another that would merge a week later with another after the second split in a week.

With any luck, by the end of the month, your broker would be able to tell you the name of the final company, if it was still in business, if it was, how much you owned, what it was worth if anything and if it was under FTC investigation yet.

And there was a rule ...... Nobody lost money in the market in the 90's (or you never admitted it) But now you are allowed to tell everyone how you were fleeced ...

Investing ... got to love it

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.