Wednesday, March 06, 2013 11:07:54 AM
i have never invested in bankruptcy situations for that very reason, litigation and uncertainty. i could consider bonds in bankruptcy, but I don't normally invest in bonds...i may wait for the next american airlines situation and pounce. I've seen that play work out and it might be a speculation I'll try in the future..with 10% capital. i think it may be wise to take some money off the table and be more conservative until the next opportunity comes. I'm 36...I will have many years of bubble bursts to get another shot...if I still have chips on the table. if freddie goes to zero, I'll have lost about 2/3 of my chips. easier to start over with $150,000 I have now, than the $50,000 I'll have left if it goes to zero. (I have $200,000 in my house...so, I'll stay solvent)...but yeah, I am thinking with my situation, a scale back may be wise.
Looking back and the hundreds of thousands I lost, I think it was a mistake to make a "sure bet" when government is involved. and don't mistake, financially, this was a sure bet.
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