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- #41
I don't do single stocks. Just index funds and ETFS. Passively managedThat's Not always true.
Sometimes your stocks can "automatically" go to Zero even if you just hold onto it.
ie:
If you held onto stocks from companies that just happens to have terrible management (wasn't like that originally, But in the end..) and they tank the company with multiple bad decisions (or pure deception) and run the company into the ground/bankruptcy/oblivion.
The value of the stocks previously can go to nil near instantly...
Some examples:
Motorola
American Airlines
Enron
Lehmann Brothers
Circuit City