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<p>[QUOTE="mikem2000, post: 2218153, member: 30574"]You are talking about two very different things here. I am all for prosecution on any and all criminals on Wall St., or any street. I certainly agree there is not enough enforcement. That is just another nut to crack though, it really is only a small part of investing. </p><p><br /></p><p>So, I am making the assumption you knew about criminal activity on Wall St. before you lost your money, and knew it was part of the landscape. This is all part of the equation. This is part of the built in risk. Bottom line there is HUGE volatility in the Equities markert for many many reasons. and since you failed to follow the 4% rule, you increased that risk</p><p>tremendously, and you lost. Yeah, you were responsible. To compound the problem, instead of looking in the mirror, you became bitter and blamed someone else, which makes the task of making better future decisions almost impossible. Since you believe you did nothing wrong, it was the other guy, right. Why should you change, you did everything Right???? Well that is just Bull.</p><p><br /></p><p>In 2008 I was heavily invested in equities. In fact I lost nearly half a million dollars, but I blamed no one. I knew the risks, and that's what happened. I took personal responsibility. The next seven years were much kinder to me though. That's just the way it works. Volatility is a tough cookie, and to deal with it, it makes little sense to blame, the FED, the criminals,or anyone. That will only take you down a path of bad decisions and future pain.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2218153, member: 30574"]You are talking about two very different things here. I am all for prosecution on any and all criminals on Wall St., or any street. I certainly agree there is not enough enforcement. That is just another nut to crack though, it really is only a small part of investing. So, I am making the assumption you knew about criminal activity on Wall St. before you lost your money, and knew it was part of the landscape. This is all part of the equation. This is part of the built in risk. Bottom line there is HUGE volatility in the Equities markert for many many reasons. and since you failed to follow the 4% rule, you increased that risk tremendously, and you lost. Yeah, you were responsible. To compound the problem, instead of looking in the mirror, you became bitter and blamed someone else, which makes the task of making better future decisions almost impossible. Since you believe you did nothing wrong, it was the other guy, right. Why should you change, you did everything Right???? Well that is just Bull. In 2008 I was heavily invested in equities. In fact I lost nearly half a million dollars, but I blamed no one. I knew the risks, and that's what happened. I took personal responsibility. The next seven years were much kinder to me though. That's just the way it works. Volatility is a tough cookie, and to deal with it, it makes little sense to blame, the FED, the criminals,or anyone. That will only take you down a path of bad decisions and future pain.[/QUOTE]
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