Financial Markets Book Financial Markets For The Rest Of Us
An Easy Guide To Money, Bonds, Futures, Stocks, Options, And Mutual Funds


Page xv

FOREWORD


In the winter of 1995 after having our first child, my wife and I decided to finally buy our first home. I had already been in the work force for six years and had saved up close to $30,000 just for this occasion. It was enough of a down payment for a good home in a good neighborhood. We started looking at different houses with our real estate agent trying to find that perfect house. Meanwhile at work, two of my colleagues (and good friends) had made significant investments in a penny stock and were overjoyed with the returns the stock had delivered so far at that point. The stock had gone from $1 to $4 in just a few months and the momentum seemed to be pointing up. So after a brief (too brief) consideration, I gave in to temptation and plunged my entire home down payment into this stock. I thought to myself that it will be a long time before I would have $30,000 to invest with and all I wanted was to give the money a week to grow so I could make an extra few thousand dollars and still make the down payment.



A week later the stock had dropped to half of its value and I was looking at $15,000. Panic-stricken, I sold my shares and cashed out only to see the stock go right back up without me along for the ride. So I put back the $15,000 into the stock with the hope that stock was now poised to rise further, only to see the stock fall yet again, leaving me with only $5,000 when I finally cashed out. In a matter of three short weeks my $30,000 down payment I had worked six years for had dwindled to $5,000. Buying a home was now out of the question. As you could imagine that was a tough month in my life. The pressure, stress, anger,


<< Prev Page   |:::::::::::::::::::::::::|   Next Page >>
Table of Contents
Copyright and Disclaimer
  • If you have enjoyed reading this page, please consider purchasing the book or making a donation.
  • Book Chapters
    Table of Contents Copyright and Disclaimer Foreword Money
    Bonds Futures Stocks Options
    Mutual Funds Retirement Final Words Appendix A

    Read Financial Markets  |   Home  |   Blog  |   Web Tools  |   News  |   Articles  |   FAQ  |   About  |   Contact

    © 2001-2008 Robert Vahid Hashemian
    Support the effort
    Liked this page?
    Please consider creating a link to it
    from your Web site.

    hashemian.com
    هاشمیان.com

     Home

     Blog

     Web Tools Add Free Web Tools custom Google Toolbar button (Requires Toolbar >V4)
    Usage

     News

     Articles

     FAQ

     About

     Contact

     Financial Markets Book
    Read Complete Book



    BOOK
    Stop the 401(k) Rip-off!: Eliminate Costly Hidden Fees to Improve Your Life
    David B. Loeper
    $15.95


    BOOK
    1,000 Places to See in the U.S.A. & Canada Before You Die
    Patricia Schultz
    $19.95


    BOOK
    What Color Is Your Parachute? 2008: A Practical Manual for Job-hunters and Career-Changers
    Richard Nelson Bolles
    $18.95


    BOOK
    Your Complete Retirement Planning Road Map: A Comprehensive Action Plan for Securing IRAs, 401(k)s, and Other Retirement Plans for Yourself and Your Family
    Ed Slott
    $15.95


    BOOK
    The Retirement Savings Time Bomb . . . and How to Defuse It: A Five-Step Action Plan for Protecting Your IRAs, 401(k)s, and Other RetirementPlans from Near Annihilation by the Taxman
    Ed Slott
    $16.00

    more…



    aStore - Hashemian.com on Amazon

    Visits: Powered by hashemian.com

     

     

     

     

     

    Search Hashemian.com





    TONY GWYNN OFFICIAL RETIREMENT PATCH - PADRES - HOF
    $9.99
    Ends: Sun Jul 13, 2008 01:23:57 EST


    CAL RIPKEN JR. OFFICIAL RETIREMENT PATCH - HOF
    $9.99
    Ends: Sun Jul 13, 2008 01:24:15 EST


    The Retirement Planner East-to-Use Software
    $11.95
    Ends: Sun Jul 13, 2008 02:01:16 EST


    Minnesota Vikings Fans! BRETT FAVRE RETIREMENT Hangers
    $9.97
    Ends: Sun Jul 13, 2008 02:09:53 EST


    Retirement Income Kit * NIB* Great gag gift*L@@K Oboy*
    $9.99
    Ends: Sun Jul 13, 2008 04:25:55 EST

    more…