Angela wrote:dude-did you ever read up on Steven Jobs? My biggest financial mistake was listening to a financial expert when he me advised against putting money in Apple....years ago...we'd be on easy street...Do you ever watch that Donnie Deutsch (sp?) on MSNBC? I could have invented Spanx, had the idea, but she followed through...
Angela, Jobs is a fascinating guy and has done a heck of a job at Apple. There's a saying that opportunities are made up easier than losses. You win some and you lose some. I laugh at the know-it-all "experts." Look at the geniuses at Bear Stearns, Merrill Lynch, and Citigroup. None of those geniuses saw that the debt bubble could end badly. It's funny because it happens once every 10 or 20 years and they never see it coming.
A guy named William Bernstein said (something like) there's 3 kinds of people: those who don't know they don't know what the markets will do, those who know they don't know what the markets will do, and those who know they don't know but whose jobs depend on them looking like they do know. The latter are often wrong, but they just keep making predictions and occasionally they get it right.
Bernstein is an interesting guy. He's written the book "The Four Pillars of Investing," which is a classic of common sense investing. His advice isn't sexy, but it's a lot better than you'll find on CNBC. He's also a practicing neurologist (I think I remember you say your husband is a doctor, too).