Monday, November 17, 2008

Having my butt kicked in the market

The stock market is depressing that I've stopped looking at it and really didn't really want to post on the blog since it's all I've been posting about recently.

I still have some positions left in the market and things continually get worse and worse. My account is taking a huge hurting. At least I can be thankful that I have a stable job and I've kept a decent reserve of cash for living expenses. Though my rainy day fund, which was supposed to let let me live worry free for at least a year or 2 worry free has been substantially crushed.

In the big picture of things, I guess living through a screw up like while young isn't too bad. I'll recover the cash through work and I don't have any debts. I'll also have experience living through an economic crash, which is far better experience than any textbook might actually offer.

Unfortunately, I am away from my main computer at home for atleast the next week which I have access to my trading account (there is some time dependent password that I didn't bring with me to access my trading acount) so I don't know how much I've lost. But it's now at least in the -$10,000 ball park. Ouch.

This loss, compared to the $100,000's with others have lost is small potatoes so I'll just be glad with that and equip myself to deal with things better the next time around.