What's the largest loss you've ever taken? (margin, trading, invested) - Investing -stocks, bonds, mutual funds, trading, market, brokers... - Page 2 - City-Data Forum

mathjak107 · 03-22-2015, 02:56 AM

Quote:

Originally Posted by tommy64

HOW in the heck did you lose money in the 90's?

As I remember, everything in sight was going up (unless you're talkin' '99 or so...)

oil stocks got crushed as oil fell to 10 bucks a barrel. i played highly speculative take over stocks that carl icahn had interest in like panaco energy , gothic energy , american oil and gas ,etc.

i made alot of money but i had some big losers to whewn things didn't pan out.

BigCityDreamer · 03-22-2015, 10:45 AM

Quote:

Originally Posted by MJ7

Whatever you invest in (options, index, forex, c. stocks, mutual, futures, etc.) what is the largest loss you've taken?

I was down more than 40% during the 2008 bear market. However, that was a time when I knew a lot less about investing.

Luckily, I did not pull out any of my money but rather rode the bull market right back up.

AmFest · 03-22-2015, 11:37 AM

Quote:

Originally Posted by BigCityDreamer

I was down more than 40% during the 2008 bear market. However, that was a time when I knew a lot less about investing.

Luckily, I did not pull out any of my money but rather rode the bull market right back up.

This shows you knew a lot more about investing than the average person. Nicely done!

DPolo · 03-22-2015, 12:09 PM

Since I have never been heavily invested, I can't claim I ever lost anything worth more then about 1 grand.

arctic_gardener · 03-22-2015, 06:31 PM

600 when I stupidly sold a covered call on a highly volatile stock that tanked within hours of me buying the shares and selling the call.

Compuhi · 03-22-2015, 07:59 PM

2008 was a solid hit to my 401k (20-30% maybe), but i actually poured more money than normal into it at that time hoping it would come back up... and it sure did.

Glad i stayed with it and didn't panic!

eccotecc · 03-23-2015, 09:00 AM

My biggest loss was not buying more Apple stock back in the 90's before Steve Jobs came back.

ameridreamNoT · 03-23-2015, 01:04 PM

almost a mil in stocks and mutual funds...year 2008. I lost that much and I lost many years of my life over it...now I am back on track. I was very young then...

AmFest · 03-23-2015, 03:43 PM

Quote:

Originally Posted by ameridreamNoT

almost a mil in stocks and mutual funds...year 2008. I lost that much and I lost many years of my life over it...now I am back on track. I was very young then...

You were very young with more than a million dollars? That's impressive!

Lowexpectations · 03-23-2015, 04:02 PM

Quote:

Originally Posted by AmFest

You were very young with more than a million dollars? That's impressive!

Almost a mil loss mind you