Your best & worst financial move in 2010?

[FUEGO]

Quote:

Originally Posted by clifp I disagree your best financial move was not loaning money to your SIL. Pat yourself on the back for that one.

That is definitely one of my better moves!

[Westernskies]

Quote:

Originally Posted by clifp I disagree your best financial move was not loaning money to your SIL. Pat yourself on the back for that one.

That was the BEST financial advice I've ever seen posted on this forum; also the only financial advice that EVERYONE on the forum agreed on.

[FUEGO]

Quote:

Originally Posted by Westernskies That was the BEST financial advice I've ever seen posted on this forum; also the only financial advice that EVERYONE on the forum agreed on.

Yes. I'll say that was the easiest $23,000 I have ever saved.

[jstriding]

Best financial move: paid off our house 25 years ahead of schedule (our only debt) and now can focus on other questions like "which life insurance" and "what asset allocation" moving forward.

Worst financial move: working with a "financial advisor" (Broker!) for the very first time. It was a really bad experience where we were basically being sold products that did not truly serve our best interests. We ended up firing this person within the month and rescinded all asset transfers.

Somehow we were smart enough to accumulate a $500K+ nest egg in our late30s early40s and paying off a $700K balloon mortgage in 5years but we did not think we were smart enough to control our own financial destiny.

If there's a silver lining with the "worst" event, it was that the experience led me to hanker down with some investment books, join the Bogleheads forum, and take control of our financial destiny (all in a span of a month). 2011 is looking better already.