This letter is associated with the following article:
Letters
Monday, December 1, 2008 12:00 AM

I bought stocks; my husband bought CDs. Now I can't bear to look

I can't get up the nerve to tell my husband just how much money we've lost.

Read other letters about this article

  • Monday, December 1, 2008 05:48 PM

    Investors Anonymous, anyone?

    Hi! My name's 1guru1. And I'm an investor. Are you? See, a loss not realized is not necessarily a loss. If you sell now, of course you're likely to get whacked. Many market swoons, even one as severe as this one, do not deter some long-term investors. Emphasis on the "long." If you need the money this year or next, stocks are NOT the place to park cash. That is the money you should reasonably anticipate in 2019, or 2020, with a nice capital gain. Really. As for the CD's hubby bought, the income returns on those act as a nice cushion; if they're FDIC covered you will at least maintain some income after taxes, while some of the stocks you own (hopefully) continue to pay you dividends. You did buy dividend-paying stocks; didn't you? Investing takes patience, discipline, and flexibility. Anything else is gambling.

Most Active Letters Threads

359

A key British official reminds us of the forgotten anthrax attack

A vast array of establishment and expert sources do not believe this episode was really resolved.
323

Tough-guy John Bolton, hiding under his bed

As usual, right-wing pseudo-warriors are drowning in extreme cowardice.
179

Is Obama's civil liberties record understandable?

Was it unreasonable to expect him to adhere to his commitments regarding the Constitution?
154

Phil Carter's resignation from key detainee policy post

Many of the "War on Terror" policies he spent years condemning were ones expressly embraced by Obama.
99

Palin, Prejean: Beastly treatment for beauties

The governor turned author must fight what the pageant queen learned: Politics and hotness make strange bedfellows

View all »

Letters Help

Currently in Salon