I don't sweat it that much. Most of my portfolio is in Exxon Mobile and Google which I bought in the initial IPO. I am all about long term growth versus short term potential. I have made some terrible stock decisions in the past but I am still out of the red. My wife's portfolio is heavy with gold and stock in Pepsi. She outperformed me last year (because of the spike in precious metals) but I am going to prevail this year.
It'll be interesting to see what the parachuttes are for the big-wigs of these firms. I'd like to receive multi-millions of dollars for running a company into the ground. We all know, they're not going to lose a dime. How do I get one of those jobs?
Yeah, my portfolio took a big hit today as I'm sure most others did.
A reminder to everyone that we need to be mindful of our forum rules about politics. Please exercise good judgment when posting. We can allow posts as long as it doesn't become a partisan battle. If someone is emotional when posting, it is a good idea to not post and cool down first. I am as angry as can be about the debacle we have witnessed over the past week. Leadership is doing the right thing despite the personal price. Everyone in DC failed that test today.
"Mediocre people are always at their best" would be a good assessment of the situation.
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