You all know that I bought Lehman Brothers stock last week and officially today, they declared bankruptcy and most of my shares are trading for pennies and my entire portfolio has been wiped out..
Am not blaming myself for this ; rather Wall Street.
Back in March 2008, Lehman Brothers had a book value of $38 a share and today its trading for less than 20 cents a share...What can investors do? They read financial reports, make sense with whatever is out there and invest for long term.
If investing for long term means risking your principal it doesn't matter if the risk is short term or long term...I would rather be it short term..
My faith in US stock market has tanked and am wondering what to do regarding my 401K and Roth IRA portfolio and am unsure of my future investments into these retirement vehicles...
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