capitalism *is* fun :-)

AIG stocks plummeted today. Down 60.79% by market close.
Reading through the news, I couldn’t resist not laughing when I saw a comment posted by a guy:

“I invested a s**t load in AIG, approximately 432,000 thousand dollars in it. This stock has totally f****d me over and I think I should commit suicide before my whole family finds out because we are doomed. Unless this stock shoots up about 900%, I’m DONE!!!
PS: thanks a lot America…”

It collectively breaks our heart, that this poor guy invested all his money into one stock, hoping to turn that amount in a couple of hundred million dollars in a few months. Why go the long way and diversify a portfolio like the rest of us, when you can place all your best on one stock.
This kind of reminds me of a guy that I know, who couldn’t tell the difference between a stock market and a role of toilet paper, but he wanted to invest all his money in a blue chip stock, because he heard that it doubled in value in the past year.

Next time you want to invest all your money in one single stock, take my advice: Before doing that, get a mortgage loan on your house, max out all your credit cards (apply for as many as you can), sell everything you can on eBay, ask your friends to lend you some money and then wait until the stock hits a 52 week high, and then buy with confidence.

No wonder that stocks around here are down 50% this year, as long as long as local banks advertise loan products specially created to use the money to exclusively invest in stocks. Doing that is the moral equivalent of handing out loaded guns to children in a kindergarten.

Just don’t do what these “investors” did. Those guys really know how to shake a market.