- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What is your "if I could have a re-do, I would..." re: your personal finances
Posted on 7/16/21 at 3:26 pm to Turf Taint
Posted on 7/16/21 at 3:26 pm to Turf Taint
I would not have started gambling on sports.
0
Posted on 7/16/21 at 6:34 pm to Turf Taint
I would have invested at least half of the money I made in high school in a mutual fund.
I’d be richer now.
I’d be richer now.
Posted on 7/16/21 at 6:40 pm to makersmark1
I put money in 401 etc and maxed out..
Did fine…
Wish I would have built a unicorn bucket at a young age and dropped a few bucks into ideas…I knew of apple google, Netscape , mosaic ,Amazon and many others (some bad also) all earlier but always said to risky…
Build a unicorn bucket…and along with sp growth index fund…build a dividend bucket for income when retired…
Did fine…
Wish I would have built a unicorn bucket at a young age and dropped a few bucks into ideas…I knew of apple google, Netscape , mosaic ,Amazon and many others (some bad also) all earlier but always said to risky…
Build a unicorn bucket…and along with sp growth index fund…build a dividend bucket for income when retired…
Posted on 7/16/21 at 6:49 pm to slackster
quote:
I could be wrong, but I don’t think the OP is asking for that type of response. If so, I wish I had known the winning numbers of the billion dollar jackpot in the litter a while back
That's not close to the same thing. I knew what bitcoin was in like 2009 or 2010, but I didn't understand it.
shite, I know a guy that made a couple grand because he had like 2/10 of a bitcoin that he forgot about from buying drugs from The Silk Road.
I wish I would have seen the vision and understood it closer to its infancy, no different than a traditional company.
Posted on 7/16/21 at 6:54 pm to Turf Taint
Not sell my Apple stock in 1981 on the advice of a broker that said its run up was pretty much over.
Posted on 7/16/21 at 8:20 pm to EA6B
Eh, I don’t have a lot of financial regrets. I could always point to some “wish I had invested in X instead of Y” but that’s fleeting.
Posted on 7/16/21 at 9:46 pm to lynxcat
Used Vanguard mutual funds instead of trying to pick stocks. I’m a bad stock picker. 2 winners and 8 losers. My ego got in the way and I thought I could beat the pros. Dumb.
Posted on 7/16/21 at 10:58 pm to dovehunter
quote:
My ego got in the way and I thought I could beat the pros. Dumb.
Almost none of the pros can match an index fund over the last 40 years. There are a few individuals who bought into a FAANG but when you balance those out with the Enron, Theranos, and other next sure things it's a rare person that has not only beaten the market but also been wise enough to take profits and lock in their wins
Posted on 7/17/21 at 8:13 am to Turf Taint
Probably not burn my life to the ground when I was 40 years old and lost everything I own. I’d be close to owning my home outright soon.
Today, I’m in another city though and loving that, though I’m still renting. Hope to buy again in 2 years.
Today, I’m in another city though and loving that, though I’m still renting. Hope to buy again in 2 years.
Posted on 7/17/21 at 9:27 am to slackster
quote:
I could be wrong, but I don’t think the OP is asking for that type of response. If so, I wish I had known the winning numbers of the billion dollar jackpot in the litter a while back
Not intended to be genie in a bottle do overs. Moreso, interested in personal learnings that younger investors on this board may benefit from hearing
Posted on 7/17/21 at 9:34 am to molsusports
quote:
Almost none of the pros can match an index fund over the last 40 years.
I have read that over 80% of professional money managers do not beat the market (time period escaping me but believe over 25-yr period).
This is one of my re-dos. If I would have started index funds (total US stock, total Int'l, total Bond) out of the gate, I estimate that I would have min 150 basis points higher return for large chuck of my 25-years investing.
Posted on 7/17/21 at 11:18 am to Turf Taint
quote:
Roth IRAs
I hit gold when our company was sold and I ended up tax free rollover with 10k in my Roth at 30.
Opened TD ameritrade and struck gold and jumped to 83K...
Sold half and rode the wave down buying the dips.
Company didn't make it and I ended up with 18k total.
Learned a lesson on manipulation. Would have been nice to have had that much in a roth at 31.
Posted on 7/17/21 at 12:25 pm to Turf Taint
My biggest regret is getting out of the market halfway down the market crash of 2008 (and not riding back up).
Posted on 7/17/21 at 11:04 pm to Turf Taint
At 23 I had $20k in the bank, cheap living, and a decent job. Was dead set on moving away from my hometown and said I’d never move back. Passed on a house in a historic neighborhood at $109k.
Moved for 3 years and ender up right back in my home town. By choice and couldn’t me more glad it happened that way, but damn I wish I’d bought that house. It’s worth $200k easy today and I’d have it halfway paid off.
Moved for 3 years and ender up right back in my home town. By choice and couldn’t me more glad it happened that way, but damn I wish I’d bought that house. It’s worth $200k easy today and I’d have it halfway paid off.
This post was edited on 7/17/21 at 11:05 pm
Posted on 7/17/21 at 11:09 pm to Turf Taint
Not left high paying job
Posted on 7/18/21 at 7:47 am to thunderbird1100
quote:
Definitely funding a ROTH IRA in my 20s instead of starting in 30s
Why?
Posted on 7/18/21 at 8:23 am to go ta hell ole miss
AT is the worst poster ever. And he is mentally unstable
Posted on 7/18/21 at 8:23 am to Turf Taint
Not buy individual stocks.
On the plus, I invested in real estate and converted my IRA to Roth in the crash of 2008.
On the plus, I invested in real estate and converted my IRA to Roth in the crash of 2008.
Posted on 7/18/21 at 8:34 am to thedentist45
Wish I had invested in the stock market as a young man. I was way too conservative.
Posted on 7/18/21 at 8:45 am to Turf Taint
I had a machinist working at a shop stop me one Saturday to tell me about Bitcoin and how it was the new thing. At the time he put all of his retirement in it and advised me to do the same. I remember him telling me he put all $200,000 of his retirement in it. This was in mid 2015. I haven’t seen him in a couple years now.
I know it was a YOLO investment and extreme risk but what could have been.
I know it was a YOLO investment and extreme risk but what could have been.
This post was edited on 7/18/21 at 8:46 am
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News