Tuesday, September 23, 2008

How I didn't lose any money in the stock market

Dumb Luck

More money than I care to admit, and none of it in the stock market.

Since we're shopping for a house, we have all our money in money market funds, through Fidelity and Charles Schwab. We wanted the money to be pretty liquid, so when we find a house, we can bid on it immediately.

We haven't found the house yet. So the money's just been parked. The money was "not working," as they say. And that's why we didn't lose 10% to 15% of it like everyone else.

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