No Celery Please – NYC Edition!

Doing My Part for the Economy

Posted in Uncategorized by noceleryplease on December 22, 2008

If you’ve been reading around here for a while, you may recall (as though you have nothing better to do than remember all the minutia of my life) that around October / November of ’07, I opened up a brokerage account.

Yes… I decided that with everyone else making money in this wacky “stock market” thing, I might as well jump on that bandwagon and play along.

So… I put $550 in an account and bought some mutual funds with it. (I know, not a large amount as “investments” go – but not small potatoes to me – I coulda bought something really good with that!)

On the day I purchased my mutual funds, the Dow was hovering around 14,000 something.

Then… I invested money in the stock market.

The balance of that account never saw $550 again.

Seriously… the VERY NEXT WEEK after I bought stock, the whole house of cards started tumbling down, down, down, down. (and you can see where we stand today)

Being the paranoid wacko that I am, I immediatelycame to the conclusion that the reason the stock market fell and the whole economy was going in the pooper was simply because I  had decided to make an investment in it.

It’s been just over a year now.  The balance in that account is now $271.

I decided that for the good of the market, nation, and, really, planet, it was time to end my experiment in investing in mutual funds, take my losses (tax deductible, you know), and close that account before year end.

So fear not, US economy!!! I am no longer the proud owner of a brokerage account with stock investments.  The economy will, of course, begin rebounding immediately. 

You’re Welcome.

It only cost me $279 to learn that I have no business putting my money anywhere but a nice, safe, savings account.

Just to make sure that the curse of that money coming out of the brokerage account doesn’t taint anything else, I plan on spending it on something ridiculous.  I have a feeling that if I were to put THAT in my savings accout, the credit union would probably go under!


7 Responses to 'Doing My Part for the Economy'

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  1. Tracy Lynn said,

    So what you’re saying is that it really IS all about you?

  2. That totally sucks – but thanks for helping the economy! 😉

  3. Ron said,

    You started the recession?! OMG! Your going to be in so much trouble when I tell the President!!!

  4. tiff said,

    Thanks for looking out for us like that. You’re a champ.

  5. Deborah said,

    Yeah, Way to Go!

  6. renn said,

    You, my dear, are a giver.

    From what I saw at the Derby a few weeks ago, I’d recommend purchasing those padded shorts that make you look like a football player. They look pretty comfy.

  7. Granny Annie said,

    Now that you have assured us our stocks will rebound, we’re off to the casino! Thanks a bunch.

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