Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-21-2007, 10:15 PM   #101
Thinks s/he gets paid by the post
 
Join Date: Jan 2005
Posts: 2,555
Want2Retire,

I just wanted to say that I am sorry for your loss also. It is never easy losing a loved one. I agree with you about spending the time with them while they are alive.
__________________

__________________
Dreamer is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-21-2007, 10:21 PM   #102
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
Quote:
Originally Posted by Dreamer View Post
Want2Retire,

I just wanted to say that I am sorry for your loss also. It is never easy losing a loved one. I agree with you about spending the time with them while they are alive.
Thanks, Dreamer. Much appreciated.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 12-25-2007, 12:06 AM   #103
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Anyone still holding their MOVI shares?

http://today.reuters.com/news/articl....XML&type=qcna
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 12-25-2007, 01:59 PM   #104
Recycles dryer sheets
two4theroad's Avatar
 
Join Date: Aug 2006
Location: Texas
Posts: 216
I got bullied into AXP New Dimensions Fund by an advisor that took over my account in 1999. I did not know how to handle the pressure. I knew it was wrong as I had been well balanced in my account by my old adviser (he got cancer and retired unexpectedly) and this new young guy just wanted to make his mark. I lost about $60000 in the entire account, most of it due to that fund. I had to threaten to leave the firm in order to get them to change me to another adviser. I still have money in Ameriprise, mostly in funds that are not associated with them, but it is only about 5% of our IRA funds now and they are performing well under the new adviser.
2fer
__________________
Women and cats will do as they please, and men and dogs should relax and get used to the idea.<br />-Robert A. Heinlein
two4theroad is offline   Reply With Quote
Old 12-25-2007, 07:12 PM   #105
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
In 1981 I went to work in Austin, TX for the Air Force (civil service). After a couple of years, my boss mentioned that one of his kids knew a kid in school at UT (University of Texas) that was looking for a few investors to help get his computer company going. Sounded flaky to me. Computers weren't really a big deal at the time, and I figured I had more important stuff to do with the $1000 that this Michael Dell guy was asking for..........by the way, my boss didn't invest either, but HIS boss did. When he retired, I'm not sure how much he had, but it was definitely a couple million or more. Unfortunately, he died of prostate cancer just a few years after he retired.
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy

“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
martyb is offline   Reply With Quote
Old 12-25-2007, 10:48 PM   #106
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,951
Quote:
Originally Posted by daystar View Post
My grandma gave me MCI in 1984 and I never sold it. Well, it became Worldcom somewhere in the 90's and then it went bankrupt. I could have sold it for $30,000 in 1999.

DW has worked for all the telcos and lost a ton on company stock in each. In 2000 she was at ATT and thier new CEO had 'pioneered' the idea of 'tracking' stocks that don't represent equity...not sure exactly how they were structured, but ATT introduced a tracking stock for thier wireless division and employees had IPO privledges. We bought at 29 and sold at 11.....ouch. There was a class action with an estimated settlement of approx 3/share which I was excited about....we got the check last week........ 75 cents per share. Class action was oversubscribed or whatever....glad I did not 'spend' the anticipated windfall on xmas.
__________________
jazz4cash is offline   Reply With Quote
Old 12-26-2007, 08:57 AM   #107
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Quote:
Originally Posted by Nords View Post
Anyone still holding their MOVI shares?
Eh, its all netflix and I think these guys will take over the retail portion

redbox

They're in all the supermarkets, walmarts, macdonalds and other locations around here.

Hmmm, bad investments? Having the VP of sales at the little company I worked for in the mid 80's tell us to go buy some of the company stock, since "something realllly big is about to happen". Turned out that the really big thing was the company declaring bankruptcy. But the good news was that a bunch of employees calling their brokers to buy the stock got a little speculative bubble going and the price went up a good bit for a couple of days, allowing this particular VP to unload his shares.

I had actually taken out a loan to buy my soon-to-be-worthless shares.

Oh, he got in a bit of trouble with the law, BTW. He didnt travel near my sales office after the bankruptcy news hit. Pretty smart of him.

Good lesson learned to not listen to any insiders with alleged good news.

Second worst was buying a bunch of Tyco around 97/98 and then as it fell like a rock, increasing my holdings. I managed to dump on a little bounce but still lost a bit of money.

Good lesson learned to not buy alleged super blue chip companies that are a cant miss proposition on paper because nobody ever knows everything.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Old 12-26-2007, 09:16 AM   #108
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,035
My worst investments were penney stocks .They always sound so promising . BKMP promised to be a winner . I should have taken the money to a casino and placed it on red .I would have had a better shot at making money .I have learned my lesson and luckily it was not that big of a loss .
__________________
Moemg is offline   Reply With Quote
Old 12-26-2007, 03:53 PM   #109
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,676
Mine was I2 Technologies. I bought it before it was an 'internet' stock and watched it go up ten-fold. Then watched it fall below what I bought it for. What was I thinking!!.

In early 2002, I read Intelligent Asset Allocation and came to my senses. Sold all my individual stocks at a huge loss and bought a diversified set of mutual funds on the same day. The sad part is that I KNEW about asset allocation having read A Random Walk down wall street in '96. .. but such was the nature of the internet mania!

Live and learn, I guess.
__________________
walkinwood is offline   Reply With Quote
Old 12-26-2007, 05:22 PM   #110
Dryer sheet wannabe
 
Join Date: Sep 2005
Posts: 14
Worst investment: Listening to a greedy financial planner, who convinced me that purchasing an annuity within a tax-deferred account was a good idea.
Turns out, it was a good idea....for HIM. He made a bundle in fees and commissions. I know what your questions for me is: Yes, years later, when I began to acquire my own investment knowledge, I fired him.
__________________
Jeff55 is offline   Reply With Quote
Old 12-26-2007, 07:44 PM   #111
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 831
Can't remember which was worse: Public Service New Mexico (power company) which took a dive sometime in the 90's as I recall. I had bought it as an income stock; or Metris (financial company) which took a dive in the tech bust of early 2000's, and I sold out near the bottom---then two years later it became a ten-bagger for those who bought at the bottom!?^%&* .

I have several other "mistakes" as well, but don't like going back to think about them. Fortunately, diversification/asset allocation/persistence overwhelmed the mistakes and kept me going to FIRE.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Old 12-27-2007, 06:19 AM   #112
Recycles dryer sheets
Puzzley's Avatar
 
Join Date: Sep 2007
Posts: 169
Easy question for me...... United Airlines, before it went belly up.
__________________
Carpe Diem, Vita Brevis
Puzzley is offline   Reply With Quote
Old 12-27-2007, 10:45 AM   #113
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Quote:
Originally Posted by Jeff55 View Post
Worst investment: Listening to a greedy financial planner, who convinced me that purchasing an annuity within a tax-deferred account was a good idea.
Turns out, it was a good idea....for HIM. He made a bundle in fees and commissions. I know what your questions for me is: Yes, years later, when I began to acquire my own investment knowledge, I fired him.
How much money did you lose?
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Old 12-30-2007, 08:28 AM   #114
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,354
Being a member of an LLC that bought 3 Florida condos in 2004
__________________
Ronstar is offline   Reply With Quote
Old 12-30-2007, 07:24 PM   #115
Full time employment: Posting here.
Delawaredave5's Avatar
 
Join Date: Dec 2004
Posts: 606
Holding too much company stock. Excessive risk, concentration, and downright irratational..........
__________________

__________________
Delawaredave5 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Recommendation for taxable equity investments? Peaceful_Warrior FIRE and Money 6 01-01-2007 01:21 PM
WORST JOB mathjak107 Life after FIRE 46 05-24-2006 11:33 PM
UPDATE: Buffett Sees More Investments In Japan Craig FIRE and Money 2 05-13-2006 06:11 PM
Best and worst investment decisions TargaDave FIRE and Money 54 08-02-2005 02:40 PM
Foreign investments or not? Natalie FIRE and Money 3 07-16-2003 11:55 PM

 

 
All times are GMT -6. The time now is 03:00 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.