Medical Stocks

[spotty_dog]

DH put a lot into Somanetics because he really believed in their product. (forced air warmer...) Yeah, we lost 30K of our investment and they ended up getting bought out. He doesn't buy stocks anymore. That could have been a new car!!

ETA: DH never had to disclose it

DH got a really hot tip from some buddy at book club. He only put a few hundred in it, but it's lost 92 percent of its value. We are holding onto it for the curiosity factor now. Remember, there are thousands of people being paid millions of dollars to pick stocks on Wall Street, and they only do as well as a blindfolded chimp! You don't know anything those guys don't know, not even if you're sleeping with the CEO of the business in question.

[BonBon]

I bought $700 worth of Global Green Solutions in 2008. It's worth 0.0020 a share now. Yep, not even a freaking penny stock. LMAO. Maybe I would fit right in on Wall St!

[SuzySunshine]

So we talked to our financial guy and he really just wanted to clarify what we did and didn't want to own. He didn't try to dissuade us. He said he understands the conflict so he'll check with us going forward if he thinks we should have anything that might be a conflict.

[The White Coat Investor]

You need a new financial advisor if yours is picking individual stocks. Uncompensated risk is a risk for which you are not paid because it can be diversified away. Individual stock risk is one of those. No benefit to owning it. Set your goals, choose an asset allocation, then choose the investments to fulfill the asset allocation. This is the proper process, and the vast majority of people and advisors who go through it end up investing in a portfolio of low cost index funds.