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Still hanging in guys. I had a couple of really bad days where I drank way too much (an entire case of beer, which was bad since I'm not a drinker and don't have tolerance built up) but I'm starting to finish the grief cycle and move on. One thing is for sure I don't want to be another Jesse Livermore. I would welcome a quick, painless death through a random accident but I won't be taking any active steps to get out of this world.
Glad you're hanging in there! One day at a time is all you need to focus on. Don't worry about the future, the future will take care of itself if you stay present in the here & now.
I pretty much agree with that. Biggest issue now is getting over anger. I was lucky to be in a position where I could be independent and not have to work a regular gig. Now that's long gone. I realize most people aren't as lucky as I was (key word was) and that's what makes it the hardest I think. Just the absolute stupidity. I am getting over the feeling of being "beaten" by the market, but the lack of flexibility in day to day life is burning now.
50 with 100k is doable with smart investing, hopefully finding an additional source of income (find a way to learn something new, generate small cash for basic living expenses), reinvent yourself.
You're life expectancy is quite possibly another 30+ years, you got this, and more than most.
50 with 100k is doable with smart investing, hopefully finding an additional source of income (find a way to learn something new, generate small cash for basic living expenses), reinvent yourself.
You're life expectancy is quite possibly another 30+ years, you got this, and more than most.
Oh Lord, 30 years! I hope not ha ha!
Been trying to think about this philosophically. It certainly stinks, that I had reached an amount affording me some independence and then wiped myself out. Believe it not, I rate this as one of the very few worst mistakes of my life (I've been pretty lucky).
Then I got to thinking- in terms of quick, snap awful decisions, it could be so much worse. People who are paralyzed from horsing around, or kill a family drunk driving. Those are a couple of things that I'm not sure I could bounce back from. So many people have such worse circumstances and would love to change places. So I need to suck it up.
OP, don't forget you can carry your losses forward to offset gains in future years.
Best of luck to you
Now at $3K per year I just need to live 133 years ha ha!
I achieved a bit of inner peace today when I blocked texts from a trading acquaintance. He continued to tell me how much money he has made buying puts on the VIX instruments. Supposedly he turned 100K into 1 million the past month and was amazed I didn't get back in to make my losses back. He got aggressive, so BOOM into spam bin he went.
Yes sir, with $500K in capital losses, I need to live to be over 200 years old! That'd be one for the books!
Amazing, people are making (and losing) truly staggering amounts in this market. I have heard both people turning 100K into 1 million and 200K into negative 200K (broker attaching personal assets). What a scam it all is! Big money pushing it up and down at their whim and if you don't know which way they're pushing it's tough!
Have to admit, while I have absolutely ruled out killing myself, I continue to hope and pray for a quick painless death where I just don't wake up one morning. I know it's too much to hope for, but you know what they say about the power of positive thinking, ha.
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