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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 05:32 PM   #21
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Having children. When, things don't go,---- exactly as planned.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 06:01 PM   #22
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

One of my biggest regrets is not cutting the family ties with those TOXIC relatives. You know the type: insulting, belittling, nasty all in the name of "helping you" or "just kidding, so what's wrong with you?" Good grief, get rid of those nasty suckers faster next time. Toxic relatives = a nice, slow way to kill your soul, spirit and mind.
Of course, the others can stay around...just get rid of the toxic ones.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 06:18 PM   #23
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Hmm, probably should have used more sunscreen as a kid. And stayed off roller skates as an adult.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 07:33 PM   #24
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

The only things that I regret in Life were treating people badly and not going to Woodstock in 1969, when my friends were packed and ready to go in that VW Microbus. I stayed home and worked!
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 07:37 PM   #25
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

y and not going to Woodstock in 1969, when my friends were packed and ready to go in that VW Microbus. I stayed home and worked!
[/quote]

My friends were also going but I stayed home because I didn't like camping .Stupid !!!
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 07:55 PM   #26
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Backwardation and contango?? - in forty years I believe I've made every investment mistake in the book before becoming a Boglehead - EXCEPT commodities futures - toward which greed was drawing me of late until I read Bernstein's On Stuff in Efficient Frontier and decided I didn't really grasp what the heck he was talking about. Sooo - I'm saving that mistake till - perhaps later. Probably could have financed a couple decades with a financial planner using my mistake $.

heh heh heh - :
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-20-2007, 08:03 PM   #27
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

I regret..........

(1) that I started smoking at 15. I quit the death sticks (reformed smoker here, we are the worst!) years ago and live a very healthy lifestyle. I wish I could unring that bell. I sincerely regret that I smoked through most of my 20's. Sigh

(2) anybody I hurt.

(3) What someone else said further up on the thread. Playing it safe work-wise.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 09:39 AM   #28
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Quote:
Originally Posted by Tracker
I regret..........

(1) that I started smoking at 15. I quit the death sticks (reformed smoker here, we are the worst!) years ago and live a very healthy lifestyle. I wish I could unring that bell. I sincerely regret that I smoked through most of my 20's. Sigh

(2) anybody I hurt.

(3) What someone else said further up on the thread. Playing it safe work-wise.
Like the sig............where were you when I was single?? DW doesn't like to fish, which is hard because I grew up fishing in the Northwoods of Wisconsin, on Lake Michigan and the Mississippi RIver................
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 09:48 AM   #29
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Marrying my first wife. Terrible financial mistake. The only good to have come out of that was my two kids.

Buying stock suggested by a broker. Lost it all in a year. Never again.

Started smoking when I was 13...stopped a hundred times...finally quit a few years ago (one of the BEST things I ever did).

Bought a house in Texas in 1986. Sold it at a 25% loss two years later. Ouch! Lost all my built up equity from the previous three houses I owned before that and had to take out a loan to pay off the difference between the house value and the mortgage. Took 3 years to pay that off and save for another house downpayment.

Etc.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 11:34 AM   #30
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Being ignorant of my finances way too long
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 02:48 PM   #31
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Being stupidly trusting of my ex-husband and not developing a lucrative career. The choices I made were always based on what was best for my kids and husband. So I worked part-time and that doesn't look so hot on your resume at age 55.

My finances turned out fine in the divorce. But if some circumstances outside his control had been slightly different it all could have easily gone very bad for me and I wouldn't be posting on this board right now.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 03:30 PM   #32
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Mistakes:
Buying a boat, not liking it very much, and selling it cheap.

Buying a lake house for aforementioned boat, not liking it, and selling it at slight loss.

Buying a VW bus to work on, getting too sick to work on it, and have been trying to sell it for over 10 years.

Best things I ever did:
Marrying my wife.
Getting a degree.

Mike D.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 03:34 PM   #33
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

I'm not really all that clear on the details, but I know I will forever regret uttering the phrase, "Bubba, hold my beer and watch this."

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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 03:35 PM   #34
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Quote:
Originally Posted by REWahoo!
I'm not really all that clear on the details, but I know I will forever regret uttering the phrase, "Bubba, hold my beer and watch this."



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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 03:46 PM   #35
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Panic Mistakes:

1. Sold 15k worth of stock near its lowest point in at least 10 years. Within 1.5 years it would have been worth at least 45k.

2. Also turned off investments in that stock while it sat at a low point for a couple years. Would have gotten more stock currently worth another 50k or so during that time period.

3a. Decided to invest in individual stocks with my rolled over 401k.

3b. Decided to sell said individual stocks when they dropped heavily over the next couple weeks. They went right back up a week or so later, but I'd lost around 10% on my money. It took awhile to gain that back.

Just not thinking mistakes:

1. This is a good one. Decided to buy and put money down on a new house on a quick 1 day decision. It was "Hey nice house, quick lets put money down before it's gone" (new construction). Here's the thinking that lead to and resulted from this decision:

a. We don't want to put kids in day care, so if we're going to have kids, one of us needs to quit their job.

b. We might not want kids, so we need to decide before moving.

c. Ok, this house we're looking at seems great for kids, it's huge, has 4 bedrooms, 2.5 bath, full basement, etc. Lets buy it quick before the price goes up anymore.

d. We can't have kids because we can't afford the house on only one salary. We can't move because it's new construction and pre-owned home prices aren't going up in the area (and are selling slow). We'd kill our equity with Realtor commissions. It's just shocking looking back that we could have been so dumb

2. Invested wifes entire 401k in her company stock when her company stock fell on a spur of the moment decision. Was saved from stupid mistake by her company stock rising the next day and I was able to sell for a nice profit. Learned never to do that again while actually gaining money

That's about all I can think of right now.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 03:57 PM   #36
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Not something that cost me money, but:

- Never throwing caution to the wind and spending a week/month/year/decade doing interesting stuff. I've always chosen the safe, remunerative, societally-approved route. Have to say I am beginning to think I missed out for good.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 04:16 PM   #37
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Quote:
Originally Posted by brewer12345
Not something that cost me money, but:

- Never throwing caution to the wind and spending a week/month/year/decade doing interesting stuff. I've always chosen the safe, remunerative, societally-approved route. Have to say I am beginning to think I missed out for good.
Never too late, I say - would it be difficult to get away from the responsibilities for just a week at this point?

My stupid mistakes:

Spent a summer working abroad in Europe, but wasted most of my free time holed up in my room writing moony love letters to a crush back home (which didn't work out once I returned to the US). Wish I'd checked out the town a lot more, done weekend trips, hung out with locals more...

Didn't read much about asset allocation and diversification till a year or so ago, though I've been investing for nearly a decade. So I missed much of the last several years runup in non-US investments, and now feel like a performance chaser. :P

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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 04:19 PM   #38
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

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Originally Posted by figner
Never too late, I say - would it be difficult to get away from the responsibilities for just a week at this point?
Haaaaaaahahahaha!

2 small kids, 2 dogs, wife, heavy duty job. I'm lucky to get an afternoon to myself every 6 months.
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 04:27 PM   #39
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Ignoring my intuition shortly before Christmas Day, 1990 and asking my girlfriend to marry me.

But I do have three really great kids out of the deal, and honestly the marriage itself wasn't bad except at the very end.

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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't
Old 03-21-2007, 05:23 PM   #40
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Re: Expensive or just plainly Stupid mistakes you made and wish you didn't

Quote:
Originally Posted by brewer12345
Not something that cost me money, but:

- Never throwing caution to the wind and spending a week/month/year/decade doing interesting stuff. I've always chosen the safe, remunerative, societally-approved route. Have to say I am beginning to think I missed out for good.
Same here.
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