Biggest Investment Mistake

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
s8r
Posts: 117
Joined: Thu May 10, 2018 1:50 pm
Location: Northern Europe

Re: Biggest Investment Mistake

Post by s8r » Sat Jan 12, 2019 12:25 pm

Falsely thinking that investing was a zero-sum game and hence not worth trying. My parents weren't/aren't really that much financially oriented.

Also maybe buying a house instead of an apartment.

regularguy455
Posts: 108
Joined: Tue Jul 18, 2017 2:08 pm

Re: Biggest Investment Mistake

Post by regularguy455 » Sat Jan 12, 2019 12:28 pm

Buying FNMA and FMCC common stock after reading SeekingAlpha. They made it seem like the lawsuits would succeed and they’d be released from government nationalization. Whoops!

Jacks88
Posts: 5
Joined: Wed Dec 05, 2018 11:45 pm

Re: Biggest Investment Mistake

Post by Jacks88 » Sat Jan 12, 2019 12:40 pm

Mine wont be typical boglehead advice but we sold our RSU amazon stock that we got at $175 too early. We wanted to buy a house and it sure helped but if we had held it 2 more years we could have bought said house for cash. :P

Topic Author
RJC
Posts: 314
Joined: Fri Dec 14, 2018 1:40 pm

Re: Biggest Investment Mistake

Post by RJC » Sat Jan 12, 2019 7:26 pm

I think a lot of us can relate to most of these. :sharebeer

saintsfan342000
Posts: 64
Joined: Wed Apr 04, 2018 9:46 pm

Re: Biggest Investment Mistake

Post by saintsfan342000 » Sat Jan 12, 2019 7:43 pm

renue74 wrote:
Fri Jan 11, 2019 9:32 am
Waiting until my 30s to really start "understanding" investing. Can't get those years back.
Yup. I started my first job after college in March 2009. I saved plenty of money, but just kept it in savings accounts because I didn't know any better. It was 2012 or 2013 before I started investing.

Good Listener
Posts: 696
Joined: Wed Dec 30, 2015 5:24 pm

Re: Biggest Investment Mistake

Post by Good Listener » Sat Jan 12, 2019 7:47 pm

aspirit wrote:
Fri Jan 11, 2019 9:32 pm
RJC wrote:
Fri Jan 11, 2019 8:40 pm
Good Listener wrote:
Fri Jan 11, 2019 6:22 pm
The second marriage. :oops:
:shock:
:P The first marriage went well then eh?
Well it lasted longer.

02nz
Posts: 2202
Joined: Wed Feb 21, 2018 3:17 pm

Re: Biggest Investment Mistake

Post by 02nz » Sat Jan 12, 2019 7:54 pm

Not maximizing tax-deferred space, thinking "I may need to access this money if I retire before 59.5" - and not understanding all the ways of accessing tax-advantaged accounts before 59.5.

Not understanding the costs of having tax-inefficient investments in taxable accounts (I figured, well, I'm making money, so taxes aren't so bad - not realizing that capital gains distributions from mutual funds weren't making me any wealthier).

Patrick584
Posts: 42
Joined: Wed Sep 06, 2017 8:38 pm

Re: Biggest Investment Mistake

Post by Patrick584 » Sat Jan 12, 2019 7:57 pm

When I was 11 a stock brocker came to our class and told us that he owned Intel and it had gone up 10 fold in the few years he held it. My parents helped me open an Etrade account and invest the 3000$ that I had saved (with parental match). I put it all in Intel and a month later Intel had the biggest absolute value drop for a company on a single day. I sold it 10 years later for half the value. A good lesson in the risk of single stocks.

saintsfan342000
Posts: 64
Joined: Wed Apr 04, 2018 9:46 pm

Re: Biggest Investment Mistake

Post by saintsfan342000 » Sat Jan 12, 2019 7:58 pm

RobLyons wrote:
Fri Jan 11, 2019 4:16 pm
1. Not riding out 2008 longer. Horrible timing.
Care you elaborate on what you did? I understand if not.

Topic Author
RJC
Posts: 314
Joined: Fri Dec 14, 2018 1:40 pm

Re: Biggest Investment Mistake

Post by RJC » Sun Jan 13, 2019 7:26 am

Patrick584 wrote:
Sat Jan 12, 2019 7:57 pm
When I was 11 a stock brocker came to our class and told us that he owned Intel and it had gone up 10 fold in the few years he held it. My parents helped me open an Etrade account and invest the 3000$ that I had saved (with parental match). I put it all in Intel and a month later Intel had the biggest absolute value drop for a company on a single day. I sold it 10 years later for half the value. A good lesson in the risk of single stocks.
My days of owning single stocks are over.

khangaroo
Posts: 34
Joined: Mon Dec 18, 2017 1:11 am

Re: Biggest Investment Mistake

Post by khangaroo » Sun Jan 13, 2019 10:08 am

- I had my parents open a custodial Roth IRA for me in 2005 because I wanted to invest. Didn’t know what I was doing and used the the fund screener to pick a mutual fund. Didn’t sell it sooner when it was doing terrible because it was my first ever investment and finally sold it in 2015 for $1000 less than what I bought it for. Never letting unchecked emotions dictate my holdings.

- Bought $5k worth of silver shortly after the GFC because that was going to be the currency during a financial collapse. Sold it when I was on my debt free journey in 15-16 at a 60% loss.

- Taking out the maximum student loans available because I didn’t know any better. Had $80k of loans for an in-state university. Silver lining is I did pick a good major (construction management) and got a great job out of college.

- Not utilizing all my company FSA money before we switched to a HDP plan with an HSA. Could’ve gotten $5k worth of physical therapy and chiropractic work.

- Bought my dream car (Honda S2000) a few years out of college for $22k. I have put 5k miles since I bought it 5 years ago. Always wonder if I could’ve spent the money on other things but I still have the car. Still a cautious tale to others about buying your dream car straight out of college.

- Not investing in my health and well-being after college and letting myself get overweight. I’ve found out it’s a lot easier to gain weight than lose it as you get older lol

GrowthSeeker
Posts: 612
Joined: Tue May 15, 2018 10:14 pm

Re: Biggest Investment Mistake

Post by GrowthSeeker » Sun Jan 13, 2019 10:15 am

Becoming a Boglehead at age 65 instead of at age 35.
Just because you're paranoid doesn't mean they're NOT out to get you.

User avatar
Will do good
Posts: 860
Joined: Fri Feb 24, 2012 8:23 pm

Re: Biggest Investment Mistake

Post by Will do good » Sun Jan 13, 2019 10:27 am

Listen to "a friend"
Read financial magazine, "The hot stock tends"
Watched Jim Cramer

jwfrazier
Posts: 9
Joined: Wed Oct 14, 2015 3:21 pm

Re: Biggest Investment Mistake

Post by jwfrazier » Sun Jan 13, 2019 11:39 am

Fresh out of college in 1998 I bought $40,000 worth of Firsthand Funds Tech Value Fund. I mistakenly thought that Kevin Landis was some sort of guru who would be diversified, and know better than to buy things that were really just long shot speculations. You know, that "Value" thing in the name of the fund? Wrong.

It promptly lost half of its value, but I learned a valuable lesson: It is my job to manage and invest my money. Never trust anyone else to do your job for you.

averagedude
Posts: 674
Joined: Sun May 13, 2018 3:41 pm

Re: Biggest Investment Mistake

Post by averagedude » Sun Jan 13, 2019 12:05 pm

Sometimes making an investment mistake is a good thing. Failing the first time you tried to time the market as a young investor would be a good thing because you would never do it again.

User avatar
MN-Investor
Posts: 348
Joined: Mon May 02, 2011 9:04 am
Location: Twin Cities

Re: Biggest Investment Mistake

Post by MN-Investor » Sun Jan 13, 2019 12:26 pm

Before we discovered Bogleheads, my husband and I were trying to figure out the best way to invest. Through a financial group, we became acquainted with a man who would invest for others and had a pretty good track record. He was basically a market timer. So we let him handle some of our funds from Oct-09 until Dec-13. On the positive side: He was open and honest. On the negative side: We would have done better by just putting the money into an index fund. Oh well. It was a lesson learned. At least he never handled more than 10% of our portfolio so we limited his affect on our total investments. By the end of 2013 we were committed to switching to the Bogleheads' investment principles and transferred the money back to our control.
The key to success - Save early, save often, invest well.

User avatar
Tycoon
Posts: 1500
Joined: Wed Mar 28, 2012 7:06 pm

Re: Biggest Investment Mistake

Post by Tycoon » Sun Jan 13, 2019 12:27 pm

bubbasour wrote:
Sat Jan 12, 2019 7:46 am
Tycoon wrote:
Fri Jan 11, 2019 9:28 am
Owning tax-inefficient taxable funds.
Hi Tycoon.. this seems to be a lesson learnt for me as well. I was taxed 30% on my dividends as a NRA, and now I'm in the middle of switching to equivalent funds with 15% tax instead. I hope this to make a big difference in the long run and I know Bogle recommends to optimize/minimize tax where possible too.
It's a tough lesson to learn. Now I'm "stuck" with unpredictable capital gains and dividendeds. When we were young, and still accumulating, we would celebrate distributions. Now that we're old I'm struggling to adjust everything to reduce the tax bite; and I'm finding that it's more work than accumulating. PrimeCap distibutions really skewed my income this year. I long for the day when it paid out 2%.

I wish I would have given it more thought 30 years ago. Oh well, one plays the cards that are dealt.
Emotionless, prognostication free investing. Ignoring the noise and economists since 1979. I see the world as it is; not how I wish it to be.

dewey
Posts: 379
Joined: Fri Feb 24, 2012 11:42 am

Re: Biggest Investment Mistake

Post by dewey » Sun Jan 13, 2019 12:36 pm

MikeG62 wrote:
Fri Jan 11, 2019 9:50 am
Too conservative an equity allocation at an early age. Should have been much more aggressive in my 20’s and 30’s.
My error too. I accepted the advice of a TIAA rep who advised a 50/50 portfolio when I was much younger--and when I should have been more aggressive. I discovered Vanguard in time but didn't discover Bogleheads until a number of years later. But--better late than never!!
“The only freedom that is of enduring importance is freedom of intelligence…”

Topic Author
RJC
Posts: 314
Joined: Fri Dec 14, 2018 1:40 pm

Re: Biggest Investment Mistake

Post by RJC » Sun Jan 13, 2019 2:52 pm

averagedude wrote:
Sun Jan 13, 2019 12:05 pm
Sometimes making an investment mistake is a good thing. Failing the first time you tried to time the market as a young investor would be a good thing because you would never do it again.
+1

jb1
Posts: 288
Joined: Sun Nov 27, 2016 8:33 am
Location: NC

Re: Biggest Investment Mistake

Post by jb1 » Sun Jan 13, 2019 10:51 pm

Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Instead I bought a used (thankfully) 350z. Had I invested that I couldve gotten a GTR now.

Dregob
Posts: 19
Joined: Wed Sep 26, 2018 9:45 pm

Re: Biggest Investment Mistake

Post by Dregob » Sun Jan 13, 2019 11:14 pm

Inherited PGE stock 20 years ago. Nice "steady" dividend every quarter.......but then it dropped from 70/shares to 40s when management suspended dividends, then recently slid to ~20 due to California wildfires/liability/potential bankruptcy.
Ugh. I didn't see that coming. :oops:

And today PGE dropped to around $8/share. :oops: :oops:
Last edited by Dregob on Mon Jan 14, 2019 10:52 pm, edited 1 time in total.

User avatar
ruralavalon
Posts: 16231
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: Biggest Investment Mistake

Post by ruralavalon » Mon Jan 14, 2019 9:06 am

jb1 wrote:
Sun Jan 13, 2019 10:51 pm
Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Instead I bought a used (thankfully) 350z. Had I invested that I couldve gotten a GTR now.
You did start young, a used 350z sounds nice, $105k at age 28 is very good.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

User avatar
Time2Quit
Posts: 244
Joined: Thu Nov 01, 2018 9:47 am
Location: Fridgid State

Re: Biggest Investment Mistake

Post by Time2Quit » Mon Jan 14, 2019 9:49 am

02nz wrote:
Sat Jan 12, 2019 7:54 pm
Not maximizing tax-deferred space, thinking "I may need to access this money if I retire before 59.5" - and not understanding all the ways of accessing tax-advantaged accounts before 59.5.

Not understanding the costs of having tax-inefficient investments in taxable accounts (I figured, well, I'm making money, so taxes aren't so bad - not realizing that capital gains distributions from mutual funds weren't making me any wealthier).
+1 just understanding this now.
"It is not the man who has too little, but the man who craves more, that is poor." --Seneca

mtmingus
Posts: 204
Joined: Sun Jan 07, 2018 4:15 pm

Re: Biggest Investment Mistake

Post by mtmingus » Mon Jan 14, 2019 9:53 am

For too long, thought I could out smart the market by rotating MFs instead of buying the low cost indexes.

jb1
Posts: 288
Joined: Sun Nov 27, 2016 8:33 am
Location: NC

Re: Biggest Investment Mistake

Post by jb1 » Mon Jan 14, 2019 10:09 am

ruralavalon wrote:
Mon Jan 14, 2019 9:06 am
jb1 wrote:
Sun Jan 13, 2019 10:51 pm
Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Instead I bought a used (thankfully) 350z. Had I invested that I couldve gotten a GTR now.
You did start young, a used 350z sounds nice, $105k at age 28 is very good.
9 years later still got it. Fingers crossed it lasts another 9.

balbrec2
Posts: 209
Joined: Mon Nov 13, 2017 3:03 pm

Re: Biggest Investment Mistake

Post by balbrec2 » Mon Jan 14, 2019 10:10 am

Not starting sooner!

lostdog
Posts: 1911
Joined: Thu Feb 04, 2016 2:15 pm

Re: Biggest Investment Mistake

Post by lostdog » Mon Jan 14, 2019 10:13 am

Not starting sooner in my 20's. I bought new cars.

We would be in the two comma club in our 40's if I hadn't messed up in the beginning.

timewarp
Posts: 7
Joined: Mon Apr 02, 2018 8:35 pm

Re: Biggest Investment Mistake

Post by timewarp » Mon Jan 14, 2019 12:03 pm

As a young investor I bought a local company stock that had been growing exponentially and a local told me don't worry I will tell you if there are any issues. Never heard from him again as the stock sunk. Then I went with a Professional Work Organizations Financial Advisor who put me in 4 different "Hot Stocks" and when I got a letter that my funds advisors were being sued for excessive management fees and my advisor said don't worry that happens all the time. This was the turning point in my life to go it alone, I fired them, found Vanguard and have done fine going it alone.

Topic Author
RJC
Posts: 314
Joined: Fri Dec 14, 2018 1:40 pm

Re: Biggest Investment Mistake

Post by RJC » Mon Jan 14, 2019 12:41 pm

Not starting sooner seems to be a common thread here but remember what it was like in your 20s? There was barely any money left over after expenses and retirement seemed sooooo far away...

mtmingus
Posts: 204
Joined: Sun Jan 07, 2018 4:15 pm

Re: Biggest Investment Mistake

Post by mtmingus » Mon Jan 14, 2019 12:47 pm

RJC wrote:
Mon Jan 14, 2019 12:41 pm
Not starting sooner seems to be a common thread here but remember what it was like in your 20s? There was barely any money left over after expenses and retirement seemed sooooo far away...
There are a few fortunate they had nice jobs, good benefits, reasonable costs of living, very little or no expenses on raising children.

Waiting_for_Godot
Posts: 22
Joined: Mon Oct 22, 2018 3:57 pm

Re: Biggest Investment Mistake

Post by Waiting_for_Godot » Mon Jan 14, 2019 1:26 pm

Should have switched careers from Biology to Computer Science sooner :annoyed

User avatar
meowcat
Posts: 422
Joined: Wed May 09, 2012 5:46 am

Re: Biggest Investment Mistake

Post by meowcat » Mon Jan 14, 2019 1:38 pm

Buying an individual stock (JDSU) at the peak of the tech boom. Watched $5,000 turn into $7.00 in about a year.
Last edited by meowcat on Mon Jan 14, 2019 3:10 pm, edited 1 time in total.
More people should learn to tell their dollars where to go instead of asking them where they went. | -Roger Babson

scotgirl100
Posts: 13
Joined: Sun Jun 05, 2016 1:45 pm

Re: Biggest Investment Mistake

Post by scotgirl100 » Mon Jan 14, 2019 2:03 pm

As was mentioned earlier, company stock. First time both my 401K contributions and matching were in company stock. Stock went from 77 to 27. Thought I was never going to be able to retire. Fortunately there was a buyout for 54 cash, so I was saved. But didn't learn lesson. At second company only some of my contributions went to company stock but also did ESPP. Lost over $70K just on the ESPP side alone. So not even doing the ESPP now on third company.

Current 'mistake' is still working with financial advisor. My first quarter New Years resolution is to truly analyze benefit/cost on this arrangement and analyze if I can really do it on my own.

User avatar
Stinky
Posts: 1727
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: Biggest Investment Mistake

Post by Stinky » Mon Jan 14, 2019 3:53 pm

scotgirl100 wrote:
Mon Jan 14, 2019 2:03 pm

Current 'mistake' is still working with financial advisor. My first quarter New Years resolution is to truly analyze benefit/cost on this arrangement and analyze if I can really do it on my own.
There are a lot of folks on this board who will give their thoughts on your plan if you drop your current advisor.

And they won’t charge you 1+% for their advice! :happy
It's a GREAT day to be alive - Travis Tritt

ImmigrantSaver
Posts: 269
Joined: Tue Nov 22, 2016 6:24 pm

Re: Biggest Investment Mistake

Post by ImmigrantSaver » Mon Jan 14, 2019 8:31 pm

2015 wrote:
Fri Jan 11, 2019 2:12 pm
1) Not migrating to the 3 fund PF sooner than I did;
2) Not reading all of longinvest's posts on VPW sooner than I did which actually helped me understand the winning the game concept far better than Bernstein's explanations (nothing against Bernstein);
3) Wasting too much time reading too much financial schlock (e.g., 80 thousand books on "The ONLY Guide You'll Ever Ever Ever Ever Need To Tying Your Shoelaces") before deciding absolutely positively none of it adds value as it's really true these people really don't know nothin' when it comes to human activity in complex adaptive systems.
4) Not reading non-fiction business books in a wide array of fields outside of investing, personal finance, and micro/macroeconomics much earlier in life than I did.
Would you mind elaborating on number 4? Which fields did you find particular enjoyable? TIA

ETadvisor
Posts: 314
Joined: Tue Jul 04, 2017 1:37 pm

Re: Biggest Investment Mistake

Post by ETadvisor » Mon Jan 14, 2019 8:41 pm

Hiwatter wrote:
Fri Jan 11, 2019 10:54 am
Here's a couple I made early on

1. Held way too much cash.

2. Used Edward Jones and followed their "advice".
+1

Edward Jones=Morgan Stanley Smith Barney

I would have had less/no cash to give to MSSB if I maxed the 401k instead. I no longer use MSSB and max the 401k.
Last edited by ETadvisor on Mon Jan 14, 2019 8:55 pm, edited 1 time in total.

NMBob
Posts: 244
Joined: Thu Apr 23, 2015 8:13 pm

Re: Biggest Investment Mistake

Post by NMBob » Mon Jan 14, 2019 8:52 pm

RJC wrote:
Fri Jan 11, 2019 8:50 am
wxz76 wrote:
Fri Jan 11, 2019 8:44 am
Took money out in 2008 and later purchased Ken Heebner's mutual fund.
This guy? https://www.wsj.com/articles/and-the-no ... 1507515181
I used to own that maybe 20 years ago, don't know if selling wound up being a good thing or bad thing lol.

sschullo
Posts: 2498
Joined: Sun Apr 01, 2007 8:25 am
Location: Rancho Mirage, CA
Contact:

Re: Biggest Investment Mistake

Post by sschullo » Mon Jan 14, 2019 9:14 pm

Probably hundreds of threads about this topic. Here is a sampling:

viewtopic.php?t=164140
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

Bloodsuckingleeches
Posts: 9
Joined: Mon Jan 07, 2019 1:12 pm

Re: Biggest Investment Mistake

Post by Bloodsuckingleeches » Mon Jan 14, 2019 9:23 pm

RJC wrote:
Fri Jan 11, 2019 8:50 am
wxz76 wrote:
Fri Jan 11, 2019 8:44 am
Took money out in 2008 and later purchased Ken Heebner's mutual fund.
This guy? https://www.wsj.com/articles/and-the-no ... 1507515181
Yes that guy. Reminds me of investing in Janus fund. Some of the star fund managers of the 90’s, wonder where they all are now?

JediMisty
Posts: 290
Joined: Tue Aug 07, 2018 7:06 am
Location: Central NJ

Re: Biggest Investment Mistake

Post by JediMisty » Mon Jan 14, 2019 9:55 pm

carolinaman wrote:
Sat Jan 12, 2019 11:17 am
I have made my share of mistakes but my biggest was not investing more earlier in my career and investing too conservatively.
This, mostly. I saved well and invested a lot, but too conservatively at first. Oh, and the former husband got a big share if my assets. But to be fair, while he didn't earn a lot, he was never a big spender and made many home repairs and even additions on our former home, so I guess that investment wasn't my biggest mistake.

davehica
Posts: 27
Joined: Sun May 18, 2014 3:07 pm

Re: Biggest Investment Mistake

Post by davehica » Tue Jan 15, 2019 12:58 am

Webvan. Learned that just because something is a good idea doesn’t mean it’s a good investment.

NMBob
Posts: 244
Joined: Thu Apr 23, 2015 8:13 pm

Re: Biggest Investment Mistake

Post by NMBob » Tue Jan 15, 2019 1:26 am

Lived in Tacoma Washington in the 80s. Had these computers at work that you had to stick a MS-Dos disc in first to start running, and I never invested in Microsoft stock that was a company located not that far away. I didn't actually buy individual stocks back then. Knowing nothing, I would have likely bought radio shack instead of microsoft or intel anyway lol. Had a mutual fund investment from a company that chased the military that was apparently eventually censured or banned by congress for outrageous fees and false representation USPA&IRA. Also, in mid 80s before cell phones where out, in a speaking class I gave a briefing on cellular technology and how the use of many low level towers would generate the band width for massive cell phone use. Yep, no investments anywhere in that either, was too busy working 12 hours a day after that etc. A decade ago roughly , a hot stock tip from a guy who had worked with energy companies in the area, stock URRE which was a uranium company trying to move into the southwest. Tidal wave into nuclear reactor in Japan was likely only one part of really bad timing. Company went to zero.

MO MAN
Posts: 48
Joined: Thu Mar 08, 2018 3:32 pm

Re: Biggest Investment Mistake

Post by MO MAN » Tue Jan 15, 2019 7:18 am

BlackStrat wrote:
Fri Jan 11, 2019 9:09 am
- Went way to long with managed funds with fees that stifled growth
- Accumulated too much company stock
Same as you, but found the light with Vanguard funds. So there is hope for all of us! LOL!

s8r
Posts: 117
Joined: Thu May 10, 2018 1:50 pm
Location: Northern Europe

Re: Biggest Investment Mistake

Post by s8r » Tue Jan 15, 2019 8:02 am

jb1 wrote:
Sun Jan 13, 2019 10:51 pm
Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20..
Well, for people who pursue a university degree it does not matter that much whether they start at 20 or a little bit later. Not usually much to invest at 20 for them.

jb1
Posts: 288
Joined: Sun Nov 27, 2016 8:33 am
Location: NC

Re: Biggest Investment Mistake

Post by jb1 » Tue Jan 15, 2019 8:11 am

s8r wrote:
Tue Jan 15, 2019 8:02 am
jb1 wrote:
Sun Jan 13, 2019 10:51 pm
Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20..
Well, for people who pursue a university degree it does not matter that much whether they start at 20 or a little bit later. Not usually much to invest at 20 for them.
Good point, what I meant was instead of clothes, video games, and overall being uneducated on investing, it wouldve been nice to put that money in the Total Market etc

USAFperio
Posts: 17
Joined: Mon Nov 12, 2018 12:37 am
Location: South Korea

Re: Biggest Investment Mistake

Post by USAFperio » Tue Jan 15, 2019 8:29 am

I let a "friend" get me hooked into a Variable Universal Life policy when I was a dental school student, investing $1000/month after a lump sum of $10k . . a lot for a grad student. He led me to believe it would be a goldmine someday. About 4 years into it, I realized I'd been had, surrendered the policy, lost thousands, and learned an expensive lesson.

VAslim16
Posts: 127
Joined: Sat May 24, 2008 6:47 am

Re: Biggest Investment Mistake

Post by VAslim16 » Tue Jan 15, 2019 8:34 am

Waiting till I was 32 to really get started. The good news is that I have been a Boglehead since then so I think my investing "style" has been solid. I just wasted 10+ years spending money not saving it.

User avatar
ruralavalon
Posts: 16231
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: Biggest Investment Mistake

Post by ruralavalon » Tue Jan 15, 2019 8:59 am

RJC wrote:
Mon Jan 14, 2019 12:41 pm
Not starting sooner seems to be a common thread here but remember what it was like in your 20s? There was barely any money left over after expenses and retirement seemed sooooo far away...
We had 3 of our 4 children in our 20s, and bought a house, so had little extra to put toward anything long-term in our 20s or even 30s.

Still I could have paid more attention, and avoided unnecessary investing expenses earlier than I did.
Last edited by ruralavalon on Tue Jan 15, 2019 11:15 am, edited 1 time in total.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

dpa789kd
Posts: 19
Joined: Tue Apr 08, 2014 8:35 pm

Re: Biggest Investment Mistake

Post by dpa789kd » Tue Jan 15, 2019 9:34 am

meowcat wrote:
Mon Jan 14, 2019 1:38 pm
Buying an individual stock (JDSU) at the peak of the tech boom. Watched $5,000 turn into $7.00 in about a year.
I forgot about this gem. I feel your pain... I bought into so many Jim Cramer picks back in my 20's :oops:

Highfeehater
Posts: 33
Joined: Fri Aug 10, 2018 10:18 pm

Re: Biggest Investment Mistake

Post by Highfeehater » Tue Jan 15, 2019 9:39 am

GoldStar wrote:
Fri Jan 11, 2019 9:38 am
Lost money on CMGI and some other late-90's internet favorites when the tech bubble-burst.

I got out of all individual stocks after that although really wish I'd held onto Amazon, Apple, and NetFlix - would have had many millions if I had the crystal-ball to know those were the right ones to hold while others were the right ones to shed.


Same here. CMGI was my first big lesson too. I learned from it and I too quit playing with individual stocks and started the mutual funds but still had to learn the lesson of advisor fees. Besides that, I think the biggest mistake with most of us is not starting our investment lives sooner. Kudos to those who learned early. Young people-take note.

Post Reply