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Irish_Dem

(62,174 posts)
10. I only played the stock market one time, and thanks to Obama I made a bit of money.
Sat Feb 11, 2023, 10:31 AM
Feb 2023

When Obama was POTUS, GM filed for bankruptcy and was doomed.
The stock went to penny stock and was basically worthless.

I was 100% certain that Obama would bail out GM, even though no one else thought so at the time.

So I called the guy who handles my retirement account and told him to buy GM stock.
I had never called him before to buy stock, he was aware I had no understanding of investment.
So he argued with me.

I told him this was not a financial, but politics, I knew what Obama was going to do.

At any rate, I made a little bit of money on the deal because Obama did bail out GM.

But it is too nerve wracking to play with retirement money like that.
So I never did it again.

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