I was a subscriber to Netflix in it’s early days and came to believe they could take on video stores like Blockbuster. Their stock was trading around $9 and after some research I put in an order to buy a few hundred shares on a Friday afternoon. The market had just closed and the trade would happen on Monday. When I went into work Saturday there was the current issue of Barron’s. The cover story I will always regret seeing was Netflix, love the company not the stock. After reading it I decided to cancel my order when I got home. Oh well,
I was about forty before I started making decent money because of a series of missteps and start-overs, trying to find the right career after my short baseball career ended. I wish I had gotten an Accounting degree and started my career climb much sooner. I’ve still managed to get to the brink of FI at fifty-five, but I’d be much better off with an earlier start.
I had a boatload of options in a good company that was acquired by another company that was very volatile. I should have exercised all of my options immediately, but instead only exercised a part of them. The volatile company got into terminal trouble fairly quickly, and the value of my remaining options fell “out of the money”. (I learned the value of diversification the hard way, but that lesson eventually helped me quite a bit in later years.)
I was a subscriber to Netflix in it’s early days and came to believe they could take on video stores like Blockbuster. Their stock was trading around $9 and after some research I put in an order to buy a few hundred shares on a Friday afternoon. The market had just closed and the trade would happen on Monday. When I went into work Saturday there was the current issue of Barron’s. The cover story I will always regret seeing was Netflix, love the company not the stock. After reading it I decided to cancel my order when I got home. Oh well,
I was about forty before I started making decent money because of a series of missteps and start-overs, trying to find the right career after my short baseball career ended. I wish I had gotten an Accounting degree and started my career climb much sooner. I’ve still managed to get to the brink of FI at fifty-five, but I’d be much better off with an earlier start.
Getting shook when the world gets scary and trying to time the market.
Not saving and investing until my mid-thirties. Not actively educating myself about retirement until retirement was thrust upon me.
I had a boatload of options in a good company that was acquired by another company that was very volatile. I should have exercised all of my options immediately, but instead only exercised a part of them. The volatile company got into terminal trouble fairly quickly, and the value of my remaining options fell “out of the money”. (I learned the value of diversification the hard way, but that lesson eventually helped me quite a bit in later years.)