Honestly I think most of us could easily say a missed bad investment was far better than our good investments. I was almost completely in bonds when the crash hit in 2000. I didn't get back in until 6 weeks after 9/11. While I didn't quite time it right, I am probably ahead of most people just by not getting creamed by the crash. And just think about all those worthless stock tips you have heard over the years and think how bad off you might be if you followed them. I can't think of one idea I have been given that would have outperformed the market much in the long-term, but I do remember a bunch of stocks that aren't even around any more or are languishing in the low single digits.
WildBill
You have a good point, very true. What's also interesting is to look back on the bad things we have gone into ... some of my mistakes are simply breathtakingly stupid, there's no other word for it.
SHACK
Thank you sir. I was obsessed with money as a kid and was working at anything that would make me even a little bit before I ever had a concept of what I was going to do with it or why. My very first paying gig, no kidding, was buying, selling and trading cards -- baseball cards and Kiss (the rock group) cards. I made nothing, complete shit money in retrospect, but it was very cool given that I was a kid, 8-9 years old making $10-20 a week, sometimes more. From there I just kept looking for more things to get into, which is pretty much what I still do today.
Phaedrus
You have a good point, very true. What's also interesting is to look back on the bad things we have gone into ... some of my mistakes are simply breathtakingly stupid, there's no other word for it.
SHACK
Thank you sir. I was obsessed with money as a kid and was working at anything that would make me even a little bit before I ever had a concept of what I was going to do with it or why. My very first paying gig, no kidding, was buying, selling and trading cards -- baseball cards and Kiss (the rock group) cards. I made nothing, complete shit money in retrospect, but it was very cool given that I was a kid, 8-9 years old making $10-20 a week, sometimes more. From there I just kept looking for more things to get into, which is pretty much what I still do today.
Phaedrus
