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re: What's the worst investment you've ever made.....
Posted on 12/22/11 at 1:44 pm to Shankopotomus
Posted on 12/22/11 at 1:44 pm to Shankopotomus
TOPS, FTW.
College was a great ROI for me and anyone else who got a real degree.
College was a great ROI for me and anyone else who got a real degree.
2
Posted on 12/22/11 at 1:49 pm to TheHiddenFlask
MELA it was a company that makes a device that could find melanoma more efficiently. Well it was awaiting FDA approval and just before it announced I bought more. It was then approved by the FDA but the stock shot straight down. I bought more and it never went up. I lost ~60%. Not much money though, I'm small time.
This post was edited on 12/22/11 at 3:05 pm
Posted on 12/22/11 at 2:55 pm to Costanza
Piccadilly - the wif wanted it in her Roth and I did no research.
Asian Pulp and Paper - all on me.
Asian Pulp and Paper - all on me.
Posted on 12/22/11 at 3:02 pm to JWS3
quote:Is your last name Gump?
Worst investment decision, selling Apple shares purchased at around $8.00 in 1983 because it was over $20 and everyone agreed the run was over.
Posted on 12/22/11 at 3:30 pm to Costanza
Not me personally, but my buddy's grandpa dropped a pretty substantial chunk of money into Worldcom on a tip. My friend says that's the only time he's ever seen him cry.
Posted on 12/22/11 at 4:41 pm to Brummy
Healthsouth
Posted on 12/22/11 at 4:49 pm to Alabama Slim
quote:
Multi-Level Marketing. That horse shite where you get people to sign up under you and get a percentage of their sales, etc...
amway? I hope not
Posted on 12/22/11 at 5:09 pm to tigerzballzdeep
quote:
First real entry into investing, went with 13k up to 20k, down to 0 in about 3 months.
Sounds like a good investment until you became greedy.
Posted on 12/22/11 at 5:30 pm to Chad504boy
quote:
bought a house in 2007... wasn't thinking of it as an investment but it turned out to be a terrible buy for me...
My first house in BR that I can't sell for shite. I bought it as a fixer upper for $130 put $50 in it and it was appraised at only $150, highest offer I've had on it was $135.
So much for a flip. Good news is the rent pays the mortgage and the taxes and all with a small profit so it wasn't the worst investment.
The worst investment was in 2001 I took out a $3,000 loan to buy some 20" rims, then I dented two rims in less than a week. Never bought rims again. $3,000 cost me close to $5500 over time, and was for something so dumb
Posted on 12/22/11 at 6:49 pm to Costanza
Our house. Bought after Katrina. young and stupid. We were too preoccupied with whether we could we didn't stop to think if we should.
Posted on 12/22/11 at 8:12 pm to Alabama Slim
quote:was responding to a question, never fell into that trap, although I have been approached many times
amway? I hope not
Posted on 12/22/11 at 8:17 pm to homeskillet
I thought about putting going to a private college that costs a billion dollars a year, but it got me a good job that I otherwise would not have had access to, because of the awesomeness that is networking.
So I'll stick with Suntech. Bought at $35, sold at $23.
So I'll stick with Suntech. Bought at $35, sold at $23.
Posted on 12/22/11 at 8:55 pm to TheHiddenFlask
quote:
TOPS, FTW.
College was a great ROI for me and anyone else who got a real degree.
Hopefully this stupid graduate degree pays off
Posted on 12/22/11 at 9:32 pm to LSUtoOmaha
On or around 2000 I sold a rental property to convert a Ira to a Roth Ira- the market tanked and I had to pay taxes on the rental property as well - still pisses me off
Posted on 12/22/11 at 9:38 pm to Zach
quote:
My first wife.
Posted on 12/22/11 at 10:31 pm to Costanza
Got a hot tip from scientist at local facility about a drug being researched that showed great promise. Bought 5k at $20, test results were average to below. Stock dropped to 5 overnight never to go above $6 in last 2 years. Oh well
Posted on 12/23/11 at 7:30 am to redfish99
Missed opportunity: seriously considered a few hundred shares of a larger tech company early 2000s. Had a buy order for 1k at 85 a share but it hovered around 86-87. At one point broker called and said he'd get me in at 85.50 per but I passed because I thought the company's product line was all gimmick and no substances. AAPL.
Did buy shares of worldcom and webvan though. Lolz
Did buy shares of worldcom and webvan though. Lolz
Posted on 12/23/11 at 9:07 am to TheHiddenFlask
citigroup. -90% ROI
Posted on 12/23/11 at 5:00 pm to Costanza
I've lost a fortune in my home in Orlando. I'll never make the money back.
Posted on 12/23/11 at 5:48 pm to LSUwag
A condo investment down in Florida....currently underwater more than 6 figures. Depressing.
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