- Oct 31, 2010
- Reaction score
My worst was a 400 share investment in Apple. It sucked big time in the 1980's compared to a lot of other stocks. At least I didn't buy IBM. I unloaded it and bought gold in 1986; lots of bargains around in real estate by 1989, and I ended up with a much better return on my money by leveraging my gold to buy cheap houses and remodel them and renting them out to Air Force families from the base near here. I've done well enough with gold, mostly, so I don't bother much with anything else, especially stocks, since no one knows how much they're actually worth any more thanks to the ridiculous lack of accounting rules. Real equity is always better than imaginary equity in watered stocks.