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Reply To: Compulsive gambler , chased loss got it back then lost everything again

#75917
josh
Participant

Murr, I hope you’re OK. Just know you’re not alone, OK?

I once worked in insurance, we had WorldCom’s disability and managed their 401k plan. I was the disability guy. One day, a woman called me (wrong area), she was crying and asking about her 401k. Before I could tell her she got the wrong guy, she relayed her tragic story – had over a million dollars in her 401k…. all in WorldCom stock. Due to rules in place then, she couldn’t sell it. Was just forced to watch it go down, down, down. After the bankruptcy, it was worth less than 5,000.

A tragic story to be sure, but it illustrates what can happen to anyone with bad judgement. She was 67 and ready to punch out. Then, disaster struck and now she has virtually nothing. My point is, it’s not about winning or losing – life will give us plenty of both.

It’s about playing the hand you’re dealt. You have proven you can make good choices, and we all like and believe in you here. Pick yourself up, dust yourself off and realize today… is a new day!