I have to laugh at myself when I think back about my "decision" to invest in RMBS. I was out with all the office ladies from one of my attorney’s office for lunch a couple of years back. We were slamming margaritas and I came back to my house with the receptionist. After a fun, extended “lunch break” my little friend went back to work and I was just hanging out at the house. My Russian-Armenian contractor shows up to work on a project and started chatting with me about investments ( yeah…. I am listening to a freak’n Russian contractor about investing for God’s sake). Anyway, he talks up RMBS which, in a post coital, alcoholic induced delirium, actually sounds like a good idea. I immediately hit speed dial, call my broker and purchase $10,000.00 worth of the stock.
I think that at one point I may have been up a couple of bucks but, for the most part, the stock goes pretty much down for the rest of forever. I sold off a while back for what would account to about a days worth of income for me. It seems as if I got F* ck**ed twice that faitful day; both good and bad.