Quote:
Originally Posted by SteelBlue
Sounds like you and I got started around the same time. I thought I was an investing genius in early 1999 before the bubble burst. Yeah, I lost a lot of my first investments, but with 30 years to go those big dips will be times that I picked up cheap shares.
Just for kicks, what was your biggest flop in those days? Mine was Fidelity's aggressive growth fund. I owned the majority of my shares in the 60-80 dollar range. It dropped to $12.
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I bought very small amounts of about a dozen individual stocks nothing ridiculous, but for instance I bought Cisco at 75-80$ (IIRC) and within about six months it was at 15$. My mutual funds did not fare as badly. But I did make my biggest buy of individual stocks on the day before the peak of the market in 2000. It was supposed to be a healthy start for my daughter's college fund. She will be attending for one semester I guess, at College of Eastern Utah.