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Cobra R's
COBRA R, how much is it worth?
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<blockquote data-quote="cobra186" data-source="post: 7902887" data-attributes="member: 6221"><p>If you gotta whine about the stock market.... its adjusting to where it should be. Eliminating the absurd growth that it saw in such a short time. The stock market is back where it was 6 years ago.... So all these people that lost soooo much money in there 401K etc etc... in most cases lost nothing but the absurd growth that their portfolio saw. I bet in alot of cases their initial investment is still there. </p><p></p><p>It would be like me having this happen: I gave $25k for my 93R 7 years ago, the car today is selling for around $70K.... if next month its value dropped to $30K... I have not lost a dime, I just have a lost opportunity of $40k not a real money loss.</p><p></p><p>I do not feel sorry for people that made good money and spent what they made playing big shots. They should have paid off all their debt and lived within their means. If they had..... the house would have been paid for, the credit cards would have been paid in full monthly and they would have had cash in savings for that "rainy day".</p></blockquote><p></p>
[QUOTE="cobra186, post: 7902887, member: 6221"] If you gotta whine about the stock market.... its adjusting to where it should be. Eliminating the absurd growth that it saw in such a short time. The stock market is back where it was 6 years ago.... So all these people that lost soooo much money in there 401K etc etc... in most cases lost nothing but the absurd growth that their portfolio saw. I bet in alot of cases their initial investment is still there. It would be like me having this happen: I gave $25k for my 93R 7 years ago, the car today is selling for around $70K.... if next month its value dropped to $30K... I have not lost a dime, I just have a lost opportunity of $40k not a real money loss. I do not feel sorry for people that made good money and spent what they made playing big shots. They should have paid off all their debt and lived within their means. If they had..... the house would have been paid for, the credit cards would have been paid in full monthly and they would have had cash in savings for that "rainy day". [/QUOTE]
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