Enron Bankruptcy “Anniversary”

Enron filed for bankruptcy 20 years ago today:


Enron Files For Bankruptcy – HISTORY


Enron had a lot of good ideas but corrupt management ruined it. I actually bought Enron shares in the 1990’s because I liked the idea of deregulation (which has saved consumers money). Fortunately for me, I sold my shares in 2000 and early 2001. The bankruptcy was a lesson for employees to NOT invest all of their retirement savings in their employer! I limit my stock exposure to no more than 5% in any one stock, regardless of how allegedly “safe” an investment is.  Just think about General Motors, Sears, JC Penney, Kodak, Polaroid, etc.  In 1975, if someone said GM would go under, they would be laughed out of the room!  So, protect yourself from the fate of Enron employees who tied up most of their retirement savings in one company!



Leave a Comment