April 5, 2014

The crooks at Enron ruined many lives. What can we learn from this catastrophe from the individual workers perspective?

2 thoughts on “April 5, 2014”

  1. Garrett Haag says:

    From the individual workers standpoint their biggest mistake was converting their retirement accounts from a diverse portfolio to all one company that they worked for. They had all their eggs in one basket. They relied on Enron for their lively hood and their retirement. When Enron went under they lost their jobs and they lost their retirement accounts because they were all in worthless Enron stock. What to learn from this is to not buy individual stock let along individual stock in the company you work for and depend on a paycheck from, you want to own as many different stocks as you can and a index fund gives you that option at the cheapest price. Dont get caught up in bubbles that everyone may be talking about, everyone you work with may be making a large amount of short term gains but in the end the person who stock with index funds won.

  2. Mike Finley says:

    Outstanding, Garrett! I have nothing further to add.

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