View single post by Ultimark
 Posted: Thu Dec 20th, 2018 05:45 pm
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Joined: Sun Oct 28th, 2007
Location: USA
Posts: 6995
Superstar wrote: Bought in Feb at $980, is now $125. That's an $855 loss per share. Took $8k out of 401k to do it means forgetting about the early withdrawal, that $8000 investment is now worth about $1000. Wow. That would completely gut me if I did that.If you knew my brother you would not be surprised.  I purposively texted him twice not to do that because I wanted to have it in writing.  So, he did try to blame me saying I am the one with business sense and I should have told him to not do it.  I then resent the texts.  Haven't heard from him since.  I don't feel bad. I told him not to do it.