Saturday, November 15, 2008 12:18:54 PM
My suggestion to you is, if you have $10,000 invested, I would recommend picking up a couple hundred shares of WAHUQ for security purposes. If you don't have any WAMPQ, pick some up and hold LONG TERM.
Don't worry about what other people think or if they laugh at you. This hasn't been your average bankruptcy situation from the get go, and that is why I do not believe that it is going to end like the average bankruptcy. I am a complete rookie investor, however, I realized that there are probably not going to be too many more opportunities like this in my lifetime and got in a month ago. Investing is a game of risk/reward analysis and speculation. I know I have spent $$ on a lot of stupid things that had 0% chance of a return on my money so I am proud of my purchases over the last month.
If you are a WAMU employee and lost 99% of your retirement, I give you my deepest sympathies. If you are not, just think about how all those employees and "former employees, formerly retired" that have to go find another job because their retirement funds disappeared. I am guessing that you have a lot to be thankful for, and you should appreciate what you have and live life to the fullest!
Best of luck to you!!
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