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04-16-2014, 03:34 PM
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#21
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Recycles dryer sheets
Join Date: May 2010
Location: SW Ohio
Posts: 360
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Limit order for 200 shares CMG (ipo) at $44. Should have been a market order.
It closed at $552 today.
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04-16-2014, 04:30 PM
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#22
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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I should have put my 401K contributions into 401K Roth IRA to reduce my RMD. I am now trying to do IRA - IRA Roth conversions and time is running out.
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04-16-2014, 04:41 PM
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#23
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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Another 1:
I should have delayed receiving SS benefits until I reached FRA instead of taking it when I retired.
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04-16-2014, 04:49 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,660
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Had big gain in yahoo stock held in IRA. Converted it to Roth and paid taxes. Later stock went to almost nothing so ended up paying those taxes for nothing.
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04-16-2014, 09:32 PM
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#25
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 103
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I wish I had made an appointment with a financial planner when I was 30, not 40. That initial visit was very embarrassing - I knew absolutely nothing, except to save (which I guess is something, as I ER'd at age 55). That first talk with my CFP started me down the path of self-education. Better late than never, I guess.
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04-17-2014, 06:53 AM
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#26
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,130
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In the months coming up to ER, I regret not adjusting my AA sooner as I FIRE'd in Jan of 2008 when the great recession was starting to slip, slide away.
But I hadn't planned to FIRE in Jan 2008, instead situations at Megacorp made that the right time.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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04-17-2014, 09:30 AM
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#27
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Recycles dryer sheets
Join Date: May 2013
Location: Toronto
Posts: 230
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First one is we wanted to buy a cottage. But we decided that would be too expensive, so we bought a trailer instead, one that was permanently settled on a little plot of land by a lake in a trailer park. $30k. It was a hassle commuting up there for weekends, and we had to mow the lawn which was huge. One time we went up, and the entire trailer was filled with flies. There must have been tens of thousands of them. Then, the owner announced the park had been sold and everyone had to remove their trailers. We were able to sell it for $1500, less than a year after we originally bought it. Oops.
My second is I bought a stock that had suddenly dropped around 60% due to a bad earnings release. I even talked my husband into buying some because I was sure it would rebound. A few weeks later, they announced the directors had been falsifying the financial reports and the stock is now worthless.
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04-17-2014, 09:52 AM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,171
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My only regret is that I wish I had done some of the things I am doing in retirement earlier in life. Lesson learned. I am off and running as best as I can.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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04-17-2014, 06:20 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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Quote:
Originally Posted by travelover
My only true regret is not picking parents that were wealthier and better looking.
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+1
Sent from my Nexus 7 using Early Retirement Forum mobile app
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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04-18-2014, 07:05 AM
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#30
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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After the government did not let Bear-Sterns fail, I took that as a signal that Lehman Brothers was a safe investment. We all know how that turned out.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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04-18-2014, 08:46 AM
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#31
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,645
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Quote:
Originally Posted by Chuckanut
My only regret is that I wish I had done some of the things I am doing in retirement earlier in life. Lesson learned. I am off and running as best as I can.
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^^ Ditto!
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04-18-2014, 09:22 AM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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I wish I'd been exposed to the ideas of ER and simple / sustainable living sooner. We could have retired years ago. C'est la vie - at least now we get it.
It has been pretty wild how much we cut from our budget just from small changes all adding up - LED bulbs, having more time to cook from scratch, eliminating most single use products, making use of the library, dropping cable, switching cell phone plans, etc.
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04-18-2014, 06:35 PM
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#33
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Full time employment: Posting here.
Join Date: Feb 2011
Posts: 852
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I regret not learning about passive investing and AA sooner. And getting cheaper financial advice. Wow I think I would be ridiculously wealthy if I had, instead of just very happily wealthy.
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04-18-2014, 08:43 PM
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#34
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Recycles dryer sheets
Join Date: Jun 2008
Location: San Antonio
Posts: 85
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I have been kicking myself for not doing a Roth conversion last year. We didn't have that much income, and it would have been a great time to do it. I won't make the same mistake this year - the last year before DH turns 59 1/2.
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04-19-2014, 05:24 PM
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#35
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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I have learned I take not making money much better than loosing money. So, I am ultra conservative. And am ok with it.
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04-19-2014, 05:28 PM
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#36
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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Dot com stocks.........
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04-19-2014, 05:51 PM
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#37
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Full time employment: Posting here.
Join Date: Jul 2013
Location: San Diego
Posts: 712
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I was way too conservative when I was young. I was good at saving, but stuffed it all into conservative funds. Also, I was told that a house was a good investment. If I had it to do over, I'd understand that rather than "buy the most house you can afford", "buy the least house you can tolerate" would have been better advice. Rental real estate may or may not be a good investment, but the roof over your own head is mostly an expense.
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04-19-2014, 06:17 PM
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#38
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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Would not have refinanced our current home. Didn't need to - could have paid cash for the remodel and the house would be paid off in 2016. We did learn our lesson and paid cash to build our retirement home. We plan to sell our current home in 2015 or 2016 and move into our retirement home. I just think about all the extra interest we paid - UGH.
__________________
"Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
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04-19-2014, 06:35 PM
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#39
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Recycles dryer sheets
Join Date: Feb 2014
Posts: 249
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Quote:
Originally Posted by DFW_M5
Being too conservative over my investment lifetime; probably would have 2-3X what I have now, although being conservative enabled me to sleep better at night.
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I resemble that remark, pretty much my biggest regret as well.
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04-19-2014, 06:39 PM
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#40
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Recycles dryer sheets
Join Date: Feb 2014
Posts: 249
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Oh, and trading cars so frequently back in the "keeping up with the Jones" phase, learned about depreciation the hard way...
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