When I saw the BFF topic for Monday Madness, I had an immediate flashback to a point in time we all will remember for as long as we live. That moment in time was September 11, 2001.
Actually, my serendipity moment occurred before the attack…by mere hours. I was on my computer late at night September 10, 2001. As I was about to shut down, a thought flashed through my mind and I acted upon that thought immediately, and then shut down my computer for the night.
Just a little back story is necessary… I had a retirement fund that had been quite prosperous during the Clinton administration. It multiplied like a bunch of happy bunnies. Then shortly before Bush took office, my chosen funds began to fluctuate. Over the next several months, my funds lost money. I tried to be a good trooper and ride out the storm, but the fact was that I had no confidence that the market would come back anytime soon.
So…back to just minutes away from midnight, September 10, 2001… I had a sudden thought, which was this: “I am sick and tired of losing money…” I logged into my retirement fund, and then moved every penny into a fixed income account. Confidant that I had stopped my retirement funds from flowing down the drain, I went to bed and slept like a baby. In the morning, like most of the citizens of our great nation, I greeted a beautiful day with not a clue of what was to come.
The stock market was shut down that day and for a few days. During that lull in market activity, there was a public plea for people to not remove their funds from the market. I did not want to be an ugly American, so I called my financial institution to see if my transaction could be reversed before the market opened again. I was transferred to a financial counselor who asked me how close I was to retirement. When I told him, he told me that he was advising that I let the transaction go through as I intended before this horrible national tragedy. He advised that, in his opinion, I would not be working long enough to recover the losses this terrorist attack would most likely generate. He also said my small amount would not make much difference when the stock market reopened. So, it was decided to let all my funds go into the fixed account as soon as the financial market opened again. And so it did. I had many friends close to retirement who took a beating, financially, as soon as the market opened again. I did not lose a penny!
Lest anyone think I am wealthy, I will clarify that I didn’t have enough in that account that I could afford to lose any more than I had already lost, which over several months was in the neighborhood of $500. That loss was a significant amount compared to what was in the account at that time. Nor have I moved any funds back to the stock market since that time. I am retired now for 3 ½ years. I don’t have money to play with….
I like to think that the Lord was watching out for me. What do you think?