I finally did it. I sold my mutual fund yesterday. And I'm feeling pretty sick today about the $10,000 I just lost. Not $10,000 that I had earned on the fund over the course of the 7 months I owned it. No, this was a loss of 20% of my original investment.
I know, I know - market investments are supposed to be for the long haul, it's going to be difficult to make it back now, yadda yadda yadda. I just couldn't do it. I couldn't watch the value of my house slide and the value of my 401K and this fund all at once. It was killing me. So I went with those "experts" who were preaching more years of market doom and advising folks to take any money you may need in the next five years out of stocks.
I'm pissed. Pissed that lending institutions got so greedy and gambled on risky loans and investments and sent my money down the toilet. Pissed that these are the same folks getting millions of dollars in severance packages for doing a bad job. Pissed that this market isn't the result of some cause other than people screwing up big time. Really pissed.