Your biggest "Missed Money" event that still kills you?

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ETF dude
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Re: Your biggest "Missed Money" event that still kills you?

Post by ETF dude » Mon Aug 18, 2014 7:56 pm

Rolling over a 401(k) in the middle of last year, thinking "boy, the market sure looks expensive right now." So instead of immediately investing the funds I sold out-of-the-money puts on SPY and IWM thinking I'd make a little bit of money and get in on the next dip. There never was a dip, so instead of riding up the next 10%-12% of market gains, I made a measly few percent on option premiums.

It certainly wasn't catastrophic but I keep kicking myself for it. The absolute last time I will ever have a lapse of judgment and think I can in any way, shape, or form time the market.

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Re: Your biggest "Missed Money" event that still kills you?

Post by cashinstinct » Mon Aug 18, 2014 8:38 pm

In insight, I probably kept too much $ on the sidelines, not invested in the market, from 2009 to 2014 more or less.

From 2006 to 2009, I was studying at University, living at home. I received around 50k total in scholarships and school was not costing a lot (around 3k a year in Québec Canada), so I had extra $ available to invest.

I did start to invest in 2007, but kept a lot of $ on sidelines. Was pretty happy end of 2008 when it crashed not to have invested all, I continued to invest in indexes (some lump sum, some DCA)....

Today, I look at my cash balances from 2009 (starting in appartment with gf) to 2012 (saved for downpayment) and I see missed opportunities in investing more in the market....

I received $$$ from ex-employer in 2012 (pension plan cash when quitting job), was not able to invest lump sum in the market, I did DCA it at least...

I have a good amount of stock investments (index) for a 28 year old and have some home equity, but could have been better...

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Re: Your biggest "Missed Money" event that still kills you?

Post by Sents » Mon Aug 18, 2014 8:54 pm

Not investing in Tesla before its first earnings report. I had just heard CTO JB Straubel talk at an energy conference and tested the model S and was very enticed. However, I didn't want to pick a stock that could boom or bust.
Don't only practice your art, but force your way into its secrets. For it and knowledge can raise men to the divine. | L. Beethoven

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Re: Your biggest "Missed Money" event that still kills you?

Post by paper200 » Mon Aug 18, 2014 9:10 pm

I ran with the following algo for many years before realizing a typo was yielding non optimal result

Do 1 to m, m years
Buy high
Sell low
Next m
Having freedom, food and roof is being 90% lucky in life and so is index investing. So, don't let the remaining 10% bother you.

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Re: Your biggest "Missed Money" event that still kills you?

Post by Jaxfann » Mon Aug 18, 2014 9:20 pm

Erhan wrote:Becoming a boglehead too late...
+1

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Re: Your biggest "Missed Money" event that still kills you?

Post by dnaumov » Tue Aug 19, 2014 3:26 am

I have actually progressed (or vise-versa, however you look at it) from indexing to individual stocks and within a couple of years of doing so I learned a pretty valuable lesson: I seem to be pretty decent at picking when and what to buy, but am utterly horrible at selling. I keep track of ALL individual stocks I've ever owned and this is very consistent: my biggest mistakes have always been all about selling at the wrong time instead of holding on.

After Ubiquity crashed and burned, I bought a stake at just below 10$ and sold at about 13$ - it quickly rose to around 40$. I bought JPM on the "London whale" headlines around 33$, but decided "this is too murky/unclear" and sold out at 36$ despite Buffett holding it in his personal account and singing it praise. There were many many other similar examples.

Eventually I changed my strategy to double-down on the due diligence when it comes to buying and avoid any and all selling unless I either lose faith in company management or the stock becomes really grossly overvalued compared to peers and the market as a whole. As a result I've become a bogleheadish stock picker. I avoid portfolio churn and paying commisions and taxes as much as legally possible and pay a lot of attention to diversifying across countries and sectors.

Yes, I am well aware the odds still say I will most likely lose to indexing over the long run, but I accept this very real possibility. This is my hobby and I enjoy it very much. Very few hobbies out there have a positive expected financial return to begin with :)

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Re: Your biggest "Missed Money" event that still kills you?

Post by Valuethinker » Tue Aug 19, 2014 4:41 am

Sents wrote:Not investing in Tesla before its first earnings report. I had just heard CTO JB Straubel talk at an energy conference and tested the model S and was very enticed. However, I didn't want to pick a stock that could boom or bust.
You blew it on that one, but quite frankly, as a general rule it is a good one.

Tesla is EBITDA negative out to 2018 I believe, on forecasts. The thing will blow up one of these days. Great car, great what they have achieved but as a stock? The risk factor is off the scale.

Put it another way, it's like the Amazon share price. The Tesla share price forecasts perfect execution of the business plan.

'No plan of battle survives contact with the enemy'-- Karl Von Clausewitz

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Re: Your biggest "Missed Money" event that still kills you?

Post by Valuethinker » Tue Aug 19, 2014 4:46 am

Gill wrote:Sold my house in Southwest Florida for $350,000. Not a bad profit, having paid $142,000 a number of years earlier. However, the purchaser sold it six years later for nearly one million.

Had the same experience with the next house. Bought it in 1995 for $255,000 and sold it for $308,000 three years later. Again, thought I had made a nice profit until I learned the buyer later sold it in 2005 at the peak of the Florida book for $800,000.

Can't dwell on these things... Guess I shouldn't have changed houses quite so often.
Gill
I trebled my money on my first apartment in London.

Had I held on and sold it now, I would be over 5 times. That's in 4 years since I sold it. The property I bought has not gone up by anything like as much.

But I was tired of where I lived, and partner and I love where we do live.

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Re: Your biggest "Missed Money" event that still kills you?

Post by Robert T » Tue Aug 19, 2014 5:07 am

.
'Missed money' event I am trying to avoid.

Not saving enough
Not taking more risk
Not appreciating more the power of compounding

So trying to save, have an equity orientation, and do both as early and for as long as I can.

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stemikger
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Re: Your biggest "Missed Money" event that still kills you?

Post by stemikger » Tue Aug 19, 2014 5:17 am

Not investing until my 30s is the only thing that comes to mind.
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

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Re: Your biggest "Missed Money" event that still kills you?

Post by panzer » Tue Aug 19, 2014 11:52 am

Waiting until my late 30s to live below my means and start seriously saving. I missed out in my late teens, my entire 20s, and most of my 30s. That right there has to be much worse than selling some individual stock too early.

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Re: Your biggest "Missed Money" event that still kills you?

Post by bucksfan2 » Tue Aug 19, 2014 2:09 pm

Back in 2008(9) I thought about doing a hail mary trade on BAC. I wouldn't have invested more than a couple thousand, but had I had a discount brokerage account at the time I would have bought BAC around $4/share.

I was out at a bar with a friend who worked at Fifth Third Bank. I bought a round and made mention to her that the beer I just bought her was more expensive than the stock of FITB. I debated buying FITB around $2/share but never pulled the trigger. It now trades at ~$20/share.

I owned Under Armour because I was very fond of the product. I sold UA when it got to its 52 week (may have been an all time) high around $34 a share. I have since watched it split twice and currently sits around $70/share.

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Re: Your biggest "Missed Money" event that still kills you?

Post by soaring » Tue Aug 19, 2014 3:23 pm

investingdad wrote:Is there one opportunity that you had to make a tidy sum of money that you somehow managed to mess up and it still kills you years later?

I realize that investing in individual stocks is not consistent with the Boglehead philosophy, but I still maintain a small amount of money in a trading account that I use as play money.

So what's the one trade I made that I still bang my head over? This one:

- bought 760 shares of Western Refining in 2010 for $5 a share
- no dividend payout at that time
- sold all shares less than a year later for $7 a share

Not bad right?

Look it up today...trading for over $40 a share with over $1 per share yearly dividend.

Awesome. :annoyed

small potatoes

2000 shares AMT in 2003 @ ~ $1.50 sold at a double $3.00. Today $100 share or $200,000.
Desiderata

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Re: Your biggest "Missed Money" event that still kills you?

Post by SunsetKid » Tue Aug 19, 2014 6:34 pm

When Google IPO'ed, I thought it was terribly overpriced........ :(

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Re: Your biggest "Missed Money" event that still kills you?

Post by denovo » Tue Aug 19, 2014 6:46 pm

Reading this thread, I realize a lot of Bogleheads are closeted stock pickers.
"Don't trust everything you read on the Internet"- Abraham Lincoln

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Re: Your biggest "Missed Money" event that still kills you?

Post by Pizzasteve510 » Tue Aug 19, 2014 8:35 pm

Removed
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Re: Your biggest "Missed Money" event that still kills you?

Post by LazyNihilist » Tue Aug 19, 2014 8:46 pm

A few years back, put money on Red instead of Black at the roulette table.
The strong do what they can and the weak suffer what they must -Thucydides

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Re: Your biggest "Missed Money" event that still kills you?

Post by mhalley » Tue Aug 19, 2014 8:49 pm

Not buying i-bonds back when mel was extolling their virtues. 3% just seemed so LOW lol:(
Mike

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Re: Your biggest "Missed Money" event that still kills you?

Post by Mel Lindauer » Tue Aug 19, 2014 10:18 pm

mhalley wrote:Not buying i-bonds back when mel was extolling their virtues. 3% just seemed so LOW lol:(
Mike
Don't mean to rub it in, but they actually got up to 3.6% REAL before they started dropping, mhailey.
Best Regards - Mel | | Semper Fi

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Re: Your biggest "Missed Money" event that still kills you?

Post by mhalley » Wed Aug 20, 2014 12:15 am

Smacks self upside the head with a wet noodle!
Mike

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Re: Your biggest "Missed Money" event that still kills you?

Post by cheese_breath » Wed Aug 20, 2014 12:33 am

Delaying my participation in TIAA-CREF. When I joined the University I was given the choice of signing up for TIAA-CREF immediately or waiting two years. I decided to wait two years and use my money for immediate gratification instead. Turns out the balance from the eight years I did participate has grown to almost $600K. Imagine what it would be if I had signed up immediately.
The surest way to know the future is when it becomes the past.

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BackInTheBlack
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Re: Your biggest "Missed Money" event that still kills you?

Post by BackInTheBlack » Wed Aug 20, 2014 1:48 am

Grt2bOutdoors wrote: Apple Computer traded at $14 pre-split in late 2004 - today it trades at the equivalent price of $1,400. :oops:
I could be misinterpreting what you're saying, but let's go over the numbers to be sure. The range for the split-adjusted price in 2004 was roughly $3 - $10. The current price is roughly $100. You seem to be inferring that AAPL has gained almost 10,000%, when it has gained only about 1,000% - 3,000%. Still a fantastic return, but not quite as miraculous as turning $14 into $1,400.
Last edited by BackInTheBlack on Wed Aug 20, 2014 2:06 am, edited 1 time in total.
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Re: Your biggest "Missed Money" event that still kills you?

Post by BackInTheBlack » Wed Aug 20, 2014 1:58 am

None too distressing myself, just a couple of missed "double or triple-baggers" as Peter Lynch would say, but nothing to get in a huff about; of course, I'm young, so I'm sure that will change in time! However, I do know that my aunt had almost $600,000 in Sun Microsystems during the tech boom, and ended up selling it after the bubble burst for something like $80,000. That had to hurt something awful, especially considering that that one investment was worth more than her and her husband's entire net worth today.
"Do not put your faith in what statistics say until you have carefully considered what they do not say." | | -William W. Watt

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Re: Your biggest "Missed Money" event that still kills you?

Post by BackInTheBlack » Wed Aug 20, 2014 2:20 am

Gecko10x wrote:I owned and sold 93 shares of Apple @ $15/share ... back around 2003?... which was before a 2:1 and a 7:1 split. :oops:
Wouldn't that have made the shares $1.07 on a split-adjusted basis then? That's not possible since the shares traded in a range of about $1.80 to $3.40 on a split-adjusted basis in 0'3, and no lower than that since all the way back to 1982. The lowest price you could have bought was at about $26 per share pre-split (or $1.85 split-adjusted). Of course, none of that changes the fact that it was a great entry point, but I'm just nit-picking I guess, no offense intended.
"Do not put your faith in what statistics say until you have carefully considered what they do not say." | | -William W. Watt

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Re: Your biggest "Missed Money" event that still kills you?

Post by cheesepep » Wed Aug 20, 2014 4:22 am

I bought around one hundred shares of AAPL at about $32 a share in 1996. I sold at $96. Imagine if I had kept my shares and added a few more along the way.

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Re: Your biggest "Missed Money" event that still kills you?

Post by vesalius » Wed Aug 20, 2014 8:40 am

Never really traded individual stocks for myself, but I did some for my mom. I bought her approx $48k of APPL when it was at $12 a share presplit somewhere before or after the turn of the century. Sold later for a modest profit as I started to learn and read about indexing, but well before the stock took off. Mom and dad are fine, but they would be just slightly better.

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Re: Your biggest "Missed Money" event that still kills you?

Post by Jeff7 » Wed Aug 20, 2014 9:10 am

The usual: I didn't start sooner.

For quite a long time, I only knew the stock market as a high-end casino, and so I didn't do any investing. I also knew only of savings bonds, and no others.
But even the expert economists and professional stock pickers couldn't seem to figure it out and reliably give good results, so I figured I didn't have a chance. Mutual funds were a tangled mess, and my first experience with one was a fund that was gifted to me. A relative bought into the tech stock hype and gave me some money that was invested in an expensive mutual fund (5.75% load and an ER of more than 2%). It was very heavily into tech funds. 2 months after it was purchased, the dot-com bubble blew up, and the fund lost a lot of value. I did hold onto it for quite a few years though, but did have to sell it during college for only 65% of its original value.

I had been in and out of the working world (college and such) for at least 10 years before I learned about inexpensive mutual funds, and that investing doesn't need to be incredibly complicated. I've seen the portfolios of some relatives. 20+ funds, ERs of 1-1.5%.....the usual. Most have no interest in changing that.

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Re: Your biggest "Missed Money" event that still kills you?

Post by gronkman » Wed Aug 20, 2014 9:13 am

I had over $10k shares of Apple in 1997. My father convinced me to sell and buy an energy stock instead, which eventually went belly up. I believe those shares would be worth several million now...of course, back then it looked like Apple was going to go belly up heh.
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Re: Your biggest "Missed Money" event that still kills you?

Post by n00b_to_investing » Wed Aug 20, 2014 9:13 am

Bought 200 NFLX @ $7.5 ($1500) in 2004, sold it at $15 ... today NFLX is at $470 and my investment would have been worth ~200K :oops:

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Re: Your biggest "Missed Money" event that still kills you?

Post by 4nursebee » Wed Aug 20, 2014 9:20 am

I have no regrets so "nothing still kills me".

Late entry into real job market likely the thing that most altered my net worth.
Plenty of stock stories- they were instructive. I adapted.
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Re: Your biggest "Missed Money" event that still kills you?

Post by horste » Wed Aug 20, 2014 11:53 pm

I was planning on buying $2k of NOK at $1.90 a share about 2 months prior to their Microsoft news. Today the stock is over $8. Not a lot of money, but I regret not making the decision after using more and ore of their products.

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Re: Your biggest "Missed Money" event that still kills you?

Post by Bounca » Thu Aug 21, 2014 6:20 am

Not buying gold coins in 1996-1998 like my buddy/co-worker was doing.

I thought he was an idiot.

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Re: Your biggest "Missed Money" event that still kills you?

Post by crg11 » Thu Aug 21, 2014 6:30 am

Not buckling down after college and paying off my debt so that I could max out my retirement accounts in my 20s.

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Re: Your biggest "Missed Money" event that still kills you?

Post by midareff » Thu Aug 21, 2014 6:35 am

Erhan wrote:Becoming a boglehead too late...
+1

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Re: Your biggest "Missed Money" event that still kills you?

Post by kazper » Thu Aug 21, 2014 6:44 am

Letting the Govt put some of my TSP in the G fund. Seriously, why does a 20 something need a boatload in the G fund?

Also, I may be entering my "missed money opportunity" now. I have 2, count 'em 2!, shares of FB on hand and don't know if I should sell those bad boys or stick with it. I purchased when it started around $20 each, so there's a decent gain on both. Not in the huge sums some of you describe, but I have yet to accumulate those kinds of amounts...

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BackInTheBlack
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Re: Your biggest "Missed Money" event that still kills you?

Post by BackInTheBlack » Thu Aug 21, 2014 3:38 pm

kazper wrote:Letting the Govt put some of my TSP in the G fund. Seriously, why does a 20 something need a boatload in the G fund?

Also, I may be entering my "missed money opportunity" now. I have 2, count 'em 2!, shares of FB on hand and don't know if I should sell those bad boys or stick with it. I purchased when it started around $20 each, so there's a decent gain on both. Not in the huge sums some of you describe, but I have yet to accumulate those kinds of amounts...
Just curious, how much in commission did you pay on that trade?
"Do not put your faith in what statistics say until you have carefully considered what they do not say." | | -William W. Watt

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Re: Your biggest "Missed Money" event that still kills you?

Post by stoptothink » Thu Aug 21, 2014 3:48 pm

In my early-20's I got heavily involved in real estate development. Made A LOT really fast, but kept investing in different projects and put literally nothing away. When it crashed, I lost everything I had made (low/mid 6-figures). At least I wasn't over-leveraged, several of my (older) partners had taken out 2nds on their home/cars, cashed out retirement, etc. to infuse cash into some of the projects; they were ruined.

Not having a pre-nup isn't far behind. If you add up what what I spent on paying off my ex-wife's undergrad loans, paying for her dental school out of pocket, buying her a new car, and what I lost when we separated, it is not that much less than what I lost in real estate. At least by this time I was saving heavily so I was still left with a decent nest egg.

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Re: Your biggest "Missed Money" event that still kills you?

Post by DonCamillo » Thu Aug 21, 2014 3:52 pm

denovo wrote:Reading this thread, I realize a lot of Bogleheads are closeted stock pickers.
Some of us are now Bogleheads as a result of our experience as stock pickers. :annoyed
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Re: Your biggest "Missed Money" event that still kills you?

Post by happyisland » Thu Aug 21, 2014 3:57 pm

DonCamillo wrote:
denovo wrote:Reading this thread, I realize a lot of Bogleheads are closeted stock pickers.
Some of us are now Bogleheads as a result of our experience as stock pickers. :annoyed
+1 to that!

My personal biggest "Missed Money" event was the 10-year relationship I had with 'wealth managers', who managed to waste a bunch of my money. If only I had known about Bogle's philosophy back then!

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Re: Your biggest "Missed Money" event that still kills you?

Post by shawcroft » Thu Aug 21, 2014 4:11 pm

Well, I am a big APPLE computer fan and stuck with them during the dark days of the 1990's...probably could have picked up 500 shares for about $1000 at sometime during that decade......since I am an "apple loyalist", I probably should have done that......

Oh, well, hindsight is 20/20

No regrets, aside from letting Chase Manhattan run a rollover 401k (RIRA) for about 12 years...got awakened when Jamie Dimon arrived and issued an edict which moved all the money which was then in a variety of external (and actively managed) mutual funds into JPMorgan funds.

That stunk to high heaven and I got in gear and started reading and asking questions....

Somehow I blundered into the Boglehead Forum...and the rest is quite pleasant history...

I had a truly memorable experience extricating my RIRA funds from JPMorgan. (actually Vanguard had the angst). When the money didn't move over in 2 months, I got on the phone and read JPMorgan the riot act.....very therapeutic...
Shawcroft

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Re: Your biggest "Missed Money" event that still kills you?

Post by LongerPrimer » Thu Aug 21, 2014 4:12 pm

1st: Bought AAPL at 70-twice. :D
2nd: After AAPL purchases, sold APPL at 50-twice [exceeded the 15% rule] :(
3rd: Didn't buy AAPL at 70 for the third time. :annoyed

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Re: Your biggest "Missed Money" event that still kills you?

Post by kazper » Thu Aug 21, 2014 5:22 pm

BackInTheBlack wrote:
kazper wrote:Letting the Govt put some of my TSP in the G fund. Seriously, why does a 20 something need a boatload in the G fund?

Also, I may be entering my "missed money opportunity" now. I have 2, count 'em 2!, shares of FB on hand and don't know if I should sell those bad boys or stick with it. I purchased when it started around $20 each, so there's a decent gain on both. Not in the huge sums some of you describe, but I have yet to accumulate those kinds of amounts...
Just curious, how much in commission did you pay on that trade?
$5. It was a bday present for my wife. Again, facebook fanatic that she is...

Workinghard
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Re: Your biggest "Missed Money" event that still kills you?

Post by Workinghard » Thu Aug 21, 2014 6:16 pm

Not doing conversions to Roths during the time I was a SAHM and we had kid deductions. :oops:
We didn't have as much to convert but still....

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BackInTheBlack
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Re: Your biggest "Missed Money" event that still kills you?

Post by BackInTheBlack » Thu Aug 21, 2014 6:33 pm

kazper wrote:
BackInTheBlack wrote:
kazper wrote:Letting the Govt put some of my TSP in the G fund. Seriously, why does a 20 something need a boatload in the G fund?

Also, I may be entering my "missed money opportunity" now. I have 2, count 'em 2!, shares of FB on hand and don't know if I should sell those bad boys or stick with it. I purchased when it started around $20 each, so there's a decent gain on both. Not in the huge sums some of you describe, but I have yet to accumulate those kinds of amounts...
Just curious, how much in commission did you pay on that trade?
$5. It was a bday present for my wife. Again, facebook fanatic that she is...
Gotcha; not too bad actually (considering the tiny trade). To answer your original question, I don't see the harm in holding it. If you lose the gains, you only miss out on about $100. If somehow FB continues to keep growing at a torrid pace and ever figures out how to reward shareholders like Apple has, then you could stand to make quite a bit more than $100, although it in all honesty it will never move the needle much at all. Better yet, flip a coin! I find that that's the best and most time effective method for the decision making necessary in these kind of situations lol.
"Do not put your faith in what statistics say until you have carefully considered what they do not say." | | -William W. Watt

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Re: Your biggest "Missed Money" event that still kills you?

Post by Hatch Batten » Thu Aug 21, 2014 7:08 pm

I remember when Google was asking for donations on their site. There doesn't seem to be a public archive of that page (I can't even find a reference to it), but it was along the lines of "Help, with this sudden popularity our servers can't handle the load! We need more machines." The Google founders were just a couple of grad students and the address was still google.stanford.edu. The existing hardware was a pile of servers under a single table: http://infolab.stanford.edu/pub/voy/mus ... ogleBG.jpg

Actually when their plea for $ was up they probably didn't even have that many machines yet as several came from Intel and IBM as donations per this page.

Was that a business opportunity I missed? Who knows. Several months after that they got their first big check for $100,000. I wasn't about to kick in anything like that but I probably could have dropped a grand or two as I had a tidy gig making multimedia CDs at that time.

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StevieG72
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Re: Your biggest "Missed Money" event that still kills you?

Post by StevieG72 » Thu Aug 21, 2014 11:14 pm

Mine is overpaying for medical insurance. When I became self employed I wanted a comprehensive medical policy that was comparable to what I had from my employer. The rates increased every year until i was at $500.00 plus a month.

I now have a high deductible plan with a HSA. I can fully fund the HSA every year and pay my premiums for less than what I was paying previously. The plan has out-of-pocket maximums comparable to the old policy that was reaming me.

Learning the ins and outs of health insurance will bore the life out of you, but I am glad I finally did.
Fools think their own way is right, but the wise listen to others.

monkeyking
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Re: Your biggest "Missed Money" event that still kills you?

Post by monkeyking » Fri Aug 22, 2014 1:56 am

For me it was easily bitcoin. I remember looking into the Cypherpunks Wikipedia page back in 2011, which lead me into a page about bitcoin. I read up on it and thought hell I should throw $25 into this in case it ever becomes something. At that point bitcoins were about $.02 and you could get a full one from a faucet. I even looked into the mining program and how to set up a wallet, but all I could find was Windows programs and I had a Mac. Hell, what makes it worse is I watched it go up to $.10, then .$25, then a dollar. When it hit two I was telling my coworkers and friends about the bubble in bitcoin. I remember saying it could keep going up, but you never know it could be the same as burning your money. I was so close to having over 1,000 bitcoins. It still stings, but I just tell myself I would have sold out when I made a grand or so and not rode it up to a million.

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linenfort
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Re: Your biggest "Missed Money" event that still kills you?

Post by linenfort » Fri Aug 22, 2014 7:54 am

StevieG72 wrote:Mine is overpaying for medical insurance. When I became self employed I wanted a comprehensive medical policy that was comparable to what I had from my employer. The rates increased every year until i was at $500.00 plus a month.
That's still one of our biggest expenses.
bogleheads, don't knock state lotteries. They helped defund the mafia.

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linenfort
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Re: Your biggest "Missed Money" event that still kills you?

Post by linenfort » Fri Aug 22, 2014 8:01 am

For all the AAPL buyers - don't feel bad. My buddy in Italy had 27,000 shares of it and sold it all when he graduated and left the States. Apple shares are now US$100, so you know how much his proceeds would be...
bogleheads, don't knock state lotteries. They helped defund the mafia.

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swimirvine
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Re: Your biggest "Missed Money" event that still kills you?

Post by swimirvine » Fri Aug 22, 2014 8:15 am

I've only been a boglehead for a little over a year.

2009 to 2012 I had around 25k sitting in a savings account that I should have had invested. It was just lack of knowledge and laziness. The S&P went up 2.4x during that time. The moment I read my first book on investing and more specifically index investing, that money found it's way into the market.
The way I invest my money is not the right way to invest, it's the right way for ME to invest.

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