RE: Stocks are the best investment?
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how much does this ultra-long-term view help a person that invested at the end of the 1920s, after which it took the stock market 30 years to recover
Indeed 😇
I bought Decode Genetics in the early 2000s. I invested more than $1,000. I thought, what a great idea. And, Iceland. That seems safe. I like Iceland. In 2009 Decode went bankrupt. My stock was worth $0.00. Today, Decode is operational, and the founder of the company is at its head. Somehow, I lost my money but he came out of it fine.
Taught me a lesson. I don't understand anything about stocks or investments and I can't play with the 'big boys'. They will always come out on top.
That wasn't my only disastrous venture in investments, but one that is tinged with a certain irony (i.e., they are in business and doing fine)
I wouldn't have expected this regarding Iceland or deCode Genetics. Aren't they quite reputable there? Their studies are very interesting and fascinating with respect to the Gaelic origins of the Icelanders. I know because I blogged about this in one post on one of my websites. I am very sorry for your loss, that was not nice at all... And it's even more nastier that nothing was done about it and that the founder of the company who is at its head is pretty much unscathed. That's not fair... But then again, stocks and this sort of global economy with many ups and downs and various financial crises is not fair at all! All the best and plenty of success both here on HIVE and outside of it!
I wouldn't have expected it either. That's why I invested :) I liked the idea, thought it was quite good. Apparently it is. But, when it comes to investing there is more involved and I don't know enough to play that game. Could have been worse. I only invested what I could lose (although that always stings).
I still love Iceland 🌼 Thanks for the comment.
Yes, nasty economic things can happen... Way too bad, all the more from a rather reputable company involved in genetics. I also love Iceland! It's a great country with wonderful people! A cradle of literature and art, unique and very beautiful in its own way! Great sportsmen from there as well! Additionally, stunning landscapes! All the best once more!
Oh, that's very unfortunate.
I had some bad experiences with crypto, e.g. I took part in an ICO, send some money there, but the ICO never took place, and there were no coins to be distributed.