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I thought I'd dive right in but I muffed it
05-31-2005, 08:39 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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I thought I'd dive right in but I muffed it
This is a new thread about the worst investment decision you ever made.
Could be anything. I have never made any so I will let someone else start it off 
Elvis has left the building...................
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Re: I thought I'd dive right in but I muffed it
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05-31-2005, 08:43 PM
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#2
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Re: I thought I'd dive right in but I muffed it
My time in reading this post! BA-dump-Bump! 
All my money went into high tech sector stocks from '99 to '01, 'nuff said.
My VW.....
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 07:11 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: I thought I'd dive right in but I muffed it
Sold USG a tad too early* 
Avg cost about $5 now $45.85 hahaha
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 07:32 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,940
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Re: I thought I'd dive right in but I muffed it
Hindsight being a wonderful thing - the worst thing I did 1966-2004 was not taking the advice of Charles De Gaul.
Reading Ben Graham,AAII, Bogle, Bernstein and Tobias caused me to leave a lot of profits on the table.
There's a paradox here - had I not read - could have been worse.
As it was - made every investment mistake possible - except futures.
Still looking at PCRIX.
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 07:40 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Re: I thought I'd dive right in but I muffed it
CSCO at $80
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 08:26 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,548
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Re: I thought I'd dive right in but I muffed it
Opened a futures account to SHORT the NASDAQ when in broke 4k ... chased all the way to 5k - loosing $9k. Then sat on the sidelines - licking my wounds - while it tanked to 2k.
Lesson learned : If you can't hang with the big dogs, stay under the porch.
__________________
FIRE'd since 2005
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 08:51 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,505
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Re: I thought I'd dive right in but I muffed it
 Quote:
This is a new thread about the worst investment decision you ever made.
Could be anything. I have never made any so I will let someone else start it off
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I thought you said you have no stock holdings?
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 10:15 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 1,298
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Re: I thought I'd dive right in but I muffed it
Back when I traded futures, I went long sugar* the day before the Oct. 87 market crash.* Blew through my stops, limit down on the open, for a few days...* like a elevator with a broken cable.* Lost a ton of money.* Thing of it was, I was right on the trade, really, really wrong on the timing.* After things settled down, the sugar market went smartly up as I had figured.* Wish I could say I had been thinking about shorting the S&P that day. 
__________________
We are, as I have said, one equation short. – Keynes
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06-01-2005, 11:42 AM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,839
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Loaded mutual funds.
We paid Fidelity's 2-3% "investment charges" for years on their funds like Equity-Income & Puritan. We thought "Vanguard" was something that led a military formation.
Shorting KMart stock at $77 against Eddie Lampert.
I'm holding a chunk of my personal portfolio in Nortel & Sun and, to a lesser extent, Overstock & Las Vegas Sands. Like Ronin I prefer to think of myself as substantially earlier to the party than the rest of the crowd...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 01:09 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,505
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Re: I thought I'd dive right in but I muffed it
Quote:
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We paid Fidelity's 2-3% "investment charges" for years on their funds like Equity-Income & Puritan.* We thought "Vanguard" was something that led a military formation.
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I used to use Fidelity several years ago, but back then about half of their funds were not loaded so i just bought those.* *I presume its still the same today?
(I just owned one fund, Fidelity Growth Company back when Robert Stanskey managed it;* back when he was actually good at picking stocks.* I hear he's managing Magellan today, and not doing such a great job either. I left Fidelity the day he left "my" fund.)
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 04:38 PM
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#11
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Re: I thought I'd dive right in but I muffed it
I 'fell in love' with a company stock that I worked for. I had too much Dough in it, when it corrected. Lost $175K in about a week.
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Re: I thought I'd dive right in but I muffed it
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06-01-2005, 04:53 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Re: I thought I'd dive right in but I muffed it
Quote:
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Originally Posted by Cut-Throat
I had too much Dough in it
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Krispy Kreme?
__________________
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.
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 07:03 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: I thought I'd dive right in but I muffed it
Quote:
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Lost $175K in about a week
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Did you call in sick that week C-T?
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 07:14 AM
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#14
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: I thought I'd dive right in but I muffed it
Our 401(k) plan allows us to invest in most anything. We were also given a broker/investment advisor who coulld work with us and advise us on investment choices. Biggest mistake I ever made was working with that investment advisor, who, for example, bought me Enron right before the collapse of the company.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 12:09 PM
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#15
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Re: I thought I'd dive right in but I muffed it
Bull Sperm.
We were in our 20s, and just getting interested in investing. We signed up for a seminar by a financial planner, and were lured into a limited partnership with a company called "Sex Ratio Modification."
This company was working on a technique to take bull sperm and modify it so that there were more spermatazoa that would produce female calves.
The financial planner convinced us not to worry about our net worth being too low to be eligible for this.
We invested $5,000 and our return was a single check for 21 cents. That's right, the company actually mailed us a check for 21 cents.
We were pretty stupid, but on the other hand, we were in the 50% tax bracket, so we saved $2,500 in taxes.
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 12:16 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Re: I thought I'd dive right in but I muffed it
I hope the check said "bull sperm" on it somewhere, and if so, that you kept it. Worth much more than 21c...
__________________
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.
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 12:22 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: I thought I'd dive right in but I muffed it
First time I have ever heard of investing in bull sperm...maybe that should be in the commodity index.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 02:06 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: No. California
Posts: 1,846
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Re: I thought I'd dive right in but I muffed it
I had a friend who was a bull sperm collector. What a job !!!
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 02:15 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Re: I thought I'd dive right in but I muffed it
Dog poo, anchovy farts, bull sperm...
I love this site!
Bull semen collector?? Now there's a good reason to RE.
BTW, what's the "safe withdrawal rate"??
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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Re: I thought I'd dive right in but I muffed it
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06-02-2005, 02:20 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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Re: I thought I'd dive right in but I muffed it
Only problem with that is the bulls keep wanting to follow you home.
Reminds me of a comedy act I saw where the guy had to take his fru-fru pedigreed dog to the vet to give a sperm sample for artificial insemination. Now the dog wants to go to the vet all the time.
__________________
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.
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