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03-14-2023, 02:26 AM | #67 |
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Not buying Bitcoin in 2014, when a friend told me about.
Did first in 2017. |
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03-14-2023, 08:25 AM | #70 |
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When I went to college in the early to mid 90's, the first thing I noticed when arriving on campus was a long line of credit card vendors offering all sorts of trinkets and incentives to sign up for credit cards. I fell into their traps and I entered my 20s deep in credit card debt that would haunt me for a while.
Big lesson learned, and I guess I'm sort of glad I got it out of the way early in my adult life, but it hurt a lot for a while.
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03-14-2023, 08:26 AM | #71 |
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The second worst is I put 5K into a shitcoin which is now worth 250 bucks.
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03-14-2023, 09:36 AM | #72 |
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About that timeshare I "bought" back around 1990.
Still never been to Palm Springs. . .
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03-14-2023, 05:29 PM | #73 |
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No kidding. I spent a few hundred thou driving down that road.
It was fun, though!
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03-23-2023, 07:07 PM | #74 |
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03-23-2023, 07:10 PM | #75 |
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Trusted my best friend of fourteen years with investing $20K, thankfully I recovered $11K and was met with a stonewall when asking WTF happened.
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03-24-2023, 07:21 AM | #76 | |
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Quote:
back around 2011-2012 he mentioned something to me about bitcoin and something about digital currency... i laughed it off as nonsense which at the time it was... he didn't do anything with the info either but there were many ways to accumulate bitcoin at that time... if he did, we would be talking multimillionaire status either way, i don't regret it because it was like buying a lottery ticket at the time... everyone thought of it as nonsense and no one thought it would go where it did
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03-24-2023, 09:48 AM | #77 | |
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A good friend of many years asked to borrow him quite some money. Given the friendship, my brother gave him the money - trusting "that's what friends are for", no ? Clear commitment by the "good friend" to return it within a year, no interests due. The "good friend" was all smiles when he received the money. Well, it took a couple of years and lots of frustrating moments for my brother to get his money back. The "good friend" became unrecognizable: broken promises, excuses, pretexts, "health issue", to the point that the "good friend" became increasingly aggressive and cut all contact. No penny refunded at that time. Stonewalled. File a lawsuit or not ? In the end my brother managed to speak to the "good friend"'s wife. Serene conversation. She admitted that it was a total shame how badly her husband had treated him, but her husband had encountered some "setbacks". At last, my brother got his money back. My brother cut all ties with the "good friend". Often, if you want to lose a friend, borrow him/her quite some money.
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03-24-2023, 10:06 AM | #78 |
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Artemis I remember him telling me about a series of investments that had paid off and he asked if I wanted in. About a year before, he got me into a side hustle that did quite well and I gifted him regularly to show my gratitude. Anyway, he shared reports showing that my $20K had grown to $33K but when I had a need for cashflow, he wasn't available and promised to FedEx some cash but it never came. He told me that he quit drinking, promised to repay the money and $11K was mysteriously slid under my door one morning. After a couple years, I tried to reconnect and ask about the backstory but he quickly changed the subject. Needless to say, he is dead to me.
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04-06-2023, 03:44 PM | #79 |
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My dad bought 2 small houses and a duplex about a year before Covid. He asked if I wanted to invest a bit just to be a part of it.
I said not right now.. |
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04-07-2023, 09:01 AM | #80 |
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Accepting the role of Successor Trustee for my parents' Trust
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04-07-2023, 10:42 AM | #81 |
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Yeah, haven't done it myself, but seen what my Mom has gone through acting in that role and it is not fun.
An older couple who are clients asked me to be the executor of their estate when they die. I flat out said no. Zero interest in that crap, despite the fees I could charge. Plus, I'm pretty sure it would be a contentious estate since I understand they are pretty much planning on cutting their daughter out and leaving more to the son. I did hesitate for just a moment, because I figured fees could be roughly $60-$70K based on size of their estate...but still, I've got better things to do than appear in court to defend the will (well, guess my counsel would), so I turned them down. |
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04-07-2023, 10:43 AM | #82 | |
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The learning curve is so steep, just not willing to lose everything in an effort to possibly gain something when there are so many smarter investment-minded people out there just itching to make my money theirs. I may not have a lot, but what I have is mine, I don't give it away so easily. |
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04-07-2023, 11:42 AM | #83 |
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This... Not that it was the wrong decision, but purely on a financial basis it's a big loser!
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04-07-2023, 04:01 PM | #84 |
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The worst: bought Dogecoin in June 2020 at $0.002721 each. Sold it all days later and was smug to have gotten a 30% gain.
If I had just left it and sold it later at even $0.25.....could've paid off the house, picked up some more, retired early, etc. |
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04-07-2023, 04:56 PM | #86 |
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leasing a car during college cause i got tired of repairing my acura. i should have just bought a beater outright.
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04-07-2023, 09:26 PM | #88 | |
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Mind you, that's to set the child up to win economically for the rest of his or her life – to be one of the 10%. After that, of course, it's up to the kid to make the grade. This wasn't a family splashing-out in any visible way, and I didn't ask for a breakdown, but I found that to be a very sobering number. The wife and I were well beyond having kids by then (we chose not to have them decades before), but it did give us an appreciation for what parents wanting their kids to have - not the very best of everything by any means, but a fair shot at most of what our country has to offer - had to pay to make that happen.
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2017 M240i: 23.6K, MT, Sunroof Delete, 3,432#, EB, Leather, Driving Assistance Package, Heated Front Seats | Sold: E12 530i, E24 M635CSi, E39 520i, E30 325is, E36 M3 (2)
TC Kline Coilovers; H&R Front Bar; Wavetrac; Al Subframe Bushings; 18X9/9½ ARC-8s; 255/35-18 PS4S (4); Dinan Elite V2 & CAI; MPerf Orange BBK; Schroth Quick Fit Pro; GTechniq Crystal Serum Ultra Ceramic; Suntek PPF Last edited by dradernh; 04-07-2023 at 09:32 PM.. |
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