What is the worst financial decision you have ever made?
using insurance to take care of car damages
buying litecoin
Not learning about and starting to invest earlier. That's the only regret and I feel like I'm still trying to make up for it.
>>1195082
Not buying crude oil stocks 4 months ago.
Delivery fees
>>1195082
Buying bitcoin. Fucking trapped me for a couple years pealed to charts and graphs while my investment slowly dwindled to half. I finally sold a month ago to be free from this shit. I am ashamed at how much money and time I invested into it. Looking at some of my earlier shill posts last year makes me feel like a total rube.
>>1195082
puting 80k into a family business now praying to god I can sell that shit within a year
Becoming an alcoholic
>>1195099
Fucking shitty man
How much u invest?
>>1195082
Bought eth
>>1195082
Financing a brand new car
buying 35 btc when it was 3,50 and using it on drugs
>>1195082
Going to college
>>1195267
this. and taking out a loan. only 30k thouh (phew).
>>1195082
MNKD
29 years old and have paid a lot of stupid tax
>loaning money to family and friends (never do this under any circumstance)
>investing in family/friends business ideas
>cosigning credit card for friend (Bank won't give them a card for a reason)
>Trying to buy my way out of the friendzone with girls (if you have enough money to actually do this, you wouldn't have been put there to begin with. It's cheaper to just not get friend zoned to begin with)
Eventually I learned and only make bad financial decisions once
99% of my wasted money is not even on myself.
If someone is not feeding or fucking you, you don't give them shit. No exceptions
Going to university and getting a shitty degree.
I even got a Pell Grant and a ton of scholarships but I still owe 15k.
I'm about to say fuck it since the U.S. Is probably going to collapse in a few years and just move to China with no debt. They wouldn't waste resource chasing after me since I'm "small fry" compared to the people who owe 100k on student loans (plus finding some random person in China is probably next to impossible).
Since I have a bachelors in education, teaching in China for the foreseeable future isn't too bad.
>>1195356
Wise words
>>1195082
when bitcoin was $10 i wanted to buy a 100.
what took me from is the shady feeling of mtgox and other exchanges and the expenses of the payment which i felt was way too much.
i also wanted to get into mining when it was still GPU mineable but i didn't see how it would ever be profitable unless i could steal electricity. so i didn't.
I'm in a findom relationship
Dropping out of econ in uni... just to be back in finance 2 years later but in community college
Buying a 12k car at a young age with high as fuck insurance raping me
Not pulling out
>>1195082
Going to UMBC. Nothing else has hurt my earning potential more. Should have gone to UMD instead
>>1195082
Buying options without using spreads
>be last summer
>play earnings
>start with $500
>end up with $2500
>imgoingtomakeit.jpg
>buy aapl call options
>earnings report is great higher than estimated
>stock goes nowhere
>lose $2100
>>1195082
Buying a house at 13.5% interest in 1980.
>>1195340
Hold till they start distributing in September bro. Things are gonna be okay.
>>1195103
This. I'm not in for that much but the wind down date keeps on slippin slippin slippin into the future. Nobody's buying, just spending all day on forums shrieking how a cent over wholesale is the filthiest rape. What happened to people who actually liked collecting? I hate these tightfisted pumper dumpers.
Not starting to work until i was 25 to realice how life was
Even getting the shitiest of jobs posible helps you grow a a person, even if you end up insulting everyone and leaving the place in one week..
About a trully financial decision i cannot answer, i have been saving my whole life..gonna be the richest of the cementery...just dont do this...
marriage. at 22. ensuing bankruptcy, foreclosed condo worth 1/2 what we paid, cars, etc. when marriage failed inevitably after only 1 year. now, 10 years later and comfortable, but what a shit handful of years.
>>1195360
If you think you can literally move to China, get a job teaching English, and drop off the face of the earth without your loaners knowing exactly where you are every minute of the process, you didn't learn anything and are retarded as fuck.
>>1195192
lmfao
>>1195082
I SOLD 30 THOUSAND SHARES OF GXY ON A 5% DIP AND NOW I WOULD HAVE MADE A 50% RETURN IF I KEPT
FUCK. MY. FUCKING. LIFE
>be me
>paper trade for years
>turned 10K into 250K
>too afraid to invest in real markets
>>1195680
buying bitcoins for 6 dollars each and using it on drugs.
>>1195082
Stuck dick in crazy.
>>1195109
Deep.
>>1195082
College. Hell, forget financially, worst decision of my life period.
>>1195673
If you think the government is even half that capable, you are retarded as fuck.
There are illegals scamming thousands in food stamps and welfare, you think they have time to go after ever student that flees to some foreign country? Plus there are some (not that many though) countries where there is no extradition treaty to the U.S. so they literally can't do a thing to you.
>>1196029
They let those people go because they are niggers that have nothing to offer. You have to be well documented to teach in China, it's not like it used to be. They'll find out you have a good thing going and come for their cut, trust me.
>>1196029
Looked into it and it's harder than you think. Not saying you couldn't do it, but it wouldn't be worth it. Unless you have a good chunk of change. Reason being is that in other countries that don't have treaties with the US, it is poor and rich; there is no middle class. America's poor are rich compared to that of the rest of the world. You're truly ignorant if you belive you can up and leave without money or connections.
>>1196031
China is just one example. Any country where the main language isn't English is fair game.
There are many other countries that will hire you under the table to teach English. Hell, you could get on a plane right now to almost any South American country and teach English undocumented and no one will give a fuck.
The reason I know this is because this is what one of my friends is doing. They owe 40k in student loans and it's been overseas three years already and nothing has happened. It's not that hard to do.
>>1195673
I had a friend do something similar to this.
He eventually came back because of how much he hated China.
The entire country is filthy, the people are rude and souless, and the food is disgusting.
However, they worship the white cock, and you can no joke fuck a different girl every night if you're half decent looking and semi fluent.
Bought NETE at .41 and held it
Not buying stock during the 2008 shit storm and letting it sit for a couple years even tho I tend to let money sit in one place for years
>>1195340
How early/late did you buy? post-$2.00?
>>1196076
That's one thing I really regret.
I had just started college in fall of 2008 and I had 30k just sitting in the bank doing nothing for 4 years.
I wasn't very educated about finance and was scared shitless of doing anything when the crash happened.
Hindset is a bitch
Not buying more TRUMP early.
>>1195360
>>1196029
>>1196036
Just pay your debt you retarded fucking faggot. Goddamn. If you can't pay off $15k over the next 5 years or figure something out then just end your fucking life.
Amazes me that people like you exist. You realize you could just not pay your debt and take the hit to your credit score like other people instead of running to China? Or like I said you can just find a way to pay it off over time.
Fucking retard.
I'll say it again, if you're seriously considering leaving America over $15k debt instead of finding a way to pay it off over a few years you're a worthless retarded fucking faggot and should put a bullet in your head. It's less shameful to just default on your debt than it is to literally run away to another country out of shame and thinking you're going to "get away" with something. America is not going to collapse in the next few years to satisfy your fantasy of escaping debt. You fucking moron.
I lost $5k because I kept telling myself "the graph will swing back around any day now!'
Five days after I sold, China tanked and sent the stock skyrocketing past where I had put in my initial investment.
I have learned, very painfully, that I know nothing of stocks and investment, and to keep it in small, reliable investments. I'm not cut out for aggressive investing.
Spent too many years with the wrong women. Took me two years to get out of debt after I finally bailed, not to mention the opportunity cost associated with those years and dollars.
>>1196353
you can practice aggressive investing with pocket change tho there is no harm.
better than going to the casino.
>>1195360
>$15k
> a lot of money
What a fucking poor fag. I easily save that much in 6 months.
>>1195082
>Not selling BTC @ 1200
>Not selling ETH @ 15
>Buying GLRI
>Buying a car off craigslist that died in 3 weeks
>Not buying into BoA after financial crash like I had planned on because it seemed like a boring longterm thing.
>>1196897
Same here, but 15k is still a lot of money. Even 5$ sth I would value .
>>1195492
That's actually a good thing if you used the opportunity to refinance at a lower rate. lower interest = inflated house prices
>>1195356
wise words sensei
>>1195082
>What is the worst financial decision you have ever made?
Bought Molycorp MCP now MCPIQ made a quick $75 thinking I could do it again bought and was in when they filed chapter 11 before market open. I rode downhill before eventually selling loosing nearly $2,000
>>1195082
not starting to invest right when I got a job. I was broke for years before that so when I finally had some disposable income I went ham and bought a car, furniture, pc, tv and 20k worth of stuff on Amazon. Didn't even cross my mind to put a certain percentage into an ETF or stocks. Granted, I'm set now and making up for lost time.
That and not putting more on Diaz. I placed a bet right after seeing McGregor lose it at the stare-down.
>>1196897
>What a fucking poor fag. I easily save that much in 6 months.
15,000 is a lot of money to a lot of people. Even you. 6 months worth of your savings is hardly a minor sum.
Just made another one by not staying in ROYT.
fml
>>1195082
buying eth at >$13
buying a $1200 HP PC for no reason. did have a great monitor though
I had 7k sidecash and I gambled it away on slots.
Going to university and getting abour 50k in debt for a useless piece of paper
>>1197081
No disagreement there. 15K is a car. Not even a particularly expensive one. And people buy those all the time.
- College. Didn't even finish so I don't even have the paper and now I have to pay back the loans.
- 8 yr car loan
>>1197181
Also, paid $200 for a pair of designer jeans that no longer fit a year later.
>>1195082
Getting 18k CAD college debt.
Buying $800 worth of dogecoin and selling out at $200
My college debt wouldn't be too bad if I at least found a job within my field.
>>1195356
Pretty good advice
>>1196897
shut up you lonely, smug faggot, nobody cares. I make 90k/yr, that's not the point. 15k is still a lot of money
>>1195082
Today I bought a shirt for 25usd and five minutes later saw the same shirt for 5usd
Buying and holding a leveraged crude oil etf for 2+ years.
>-95% due to time decay
I keep it in my portfolio to remind myself of the lessons learned.
CHMA
>>1195082
Not putting my time and money into college is the worst financial decision I've made so far.
I'm so hell-bent to prevent being in debt that I ultimately chose to stop going to college when my scholarship money ended, and it seems impossible to find a decent paying job to keep me steady while I work on my business on the side. Really tired of working minimum wage.
>>1195082
I bought Serius when it was going for close to 10 bucks a share.
Not put money into gxy back in December when it was first brought up
>>1195424
you're joking right?
also personally
>buying COD after MW2
>>1195680
Im pretty sure I convinced you to do that when I was talking about NITE on the general a few says ago. Sorry anon you have to make your own decisions and stick to them because no one really knows what a stock will do.
>>1196076
I knew to do this but I was so fkn broke then I couldnt :(
>>1197634
Its still cheap and its still going up hard anon. Get on it
>>1197490
I can top that. I bought SIRI when it was 13 cents. Unfortunately it was only 500 shares...
>>1195682
Paper trading is different from live though.
Going to university instead of starting a business right away.
Parents advice is really b urself tier.
similar story to the guy who bought a pizza for 10,000 BTC in the first ever official BTC transaction.
would half half a million now, if i could turn back the hands of time...
>>1195090
How old are you now?
>>1198074
Exactly how I feel. I only really got serious about making money when I realized how shitty the world of work is, I delayed that by pissing around for 4 years.
>>1195082
having 50+ btc at around 7-8 dollars each, months before the 1k+ boom. were bought for shit reasons however, never expected the bubble in the first place.
![1428765871902s[1].jpg](https://i.imgur.com/CmKm9mX.jpg "1428765871902s[1].jpg")
Got married and had kids.
>>1197362
the beta decay is that hard?
>>1195459
If I understand options correctly.. you bought calls that means the most you could lose was the premium you paid, which means you risked 2100 on a 2500$ account.
Fullretard.jpeg
The lesson here isnt to buy with spreads, the lesson is you need to learn risk management lol
wasted 1000$ on vidya and a 360 that i never even play
>>1195082
Taking stock pick advice from /biz/
>>1195082
Getting married.
>>1196019
word.
6k in Fannie Mae and still stuck in conservator status @3.5
>>1195082
I actually averaged down
>>1198291
the contango in oil futures can be brutal if systematized, better to learn to trade the outright future imo, then you can hedge it pretty well.
also
went long chipotle after what I thought was "the big dip" nah bro that was just the tip of the big dick. Then I did it 2 more times.
>>1198350
just buy maccas dude they'll treat you right. CMG is a meme.
>>1198354
Nah They are a relic of a bygone age. Like the bow and arrow. Still exists in limited form but little room for real growth imo. Except maybe in brown and yellow parts of the world.
I play them on earnings sometimes but I don't thing they are an excellent long opportunity. Hard to beat their system though. If Yum gets their shit together than thats a better deal
They're 15.9 according to this chart and with that diversification is a better deal imo.
But subway that's a sleeper gonna check them out.
>They're private holy shit.
Probably buying 210 shares of uvxy on friday, op
>>1195082
literally all of them to do with crypto trading. I've not had one succesful trade. How the fuck am I meant to make predictions? none of it makes sense lads
>>1198377
why Bolivia? Why!
>>1195099
Mine is the other end of the spectrum to you.
Around 2008 I was homeless in UK and went to the library for internet.
>Read on a board about bitcoin being the new thing
>Extremely low amount of £
>Get depressed now when I notice how much even a £20 of BTC in 2008 would have been worth to sell at the top of the bubble
>>1195082
Buying video games and handhelds.
>>1198495
Must be commie scum
>>1195356
>loaning money to family and friends (never do this under any circumstance)
You shouldn't loan to siblings, but you should just give money to your parents (unless they're mentally challenged with money). They are literally your best investment.
>pay tens to hundreds of thousands of dollars raising you
>most of us will never even be able to repay them
>will always be there to help you and be supportive of your ideas, dreams, and goals
>they gave you money just to make you happy and generally still will when you focus your life on investment ideas
>even if you're a shallow and greedy little jew about everything I listed, you'll get the inheritance when they move on
Maybe I lucked out, but I couldn't imagine how much shittier my life would be if I didn't have my parents. I'm gonna make sure they live a happy retirement even if it cuts into how potentially good the rest of my life will be.
>>1195082
having an asian gf
>Grew up in Shithole Ohio
>Parents and friends and everyone around me tells me "being in debt is the norm"
>Take out 60k in loans for college and 5k for a car
>Realize everyone around me is a retard
>Cant afford to live by myself now
Yay
>>1195082
Blowing about £500 over 4 months on pizzas.
ITT: people that haven't passed 1/3 of their lives complaining how they have totally wasted all their chances to make it big.
>>1198607
why?
>>1198584
you sound like a nice person
bought a very expensive camera (~$2000) while drunk browsing ebay.
barely even use it and its just sitting around. could still sell it though so not even that big of a loss.
definitely my most stupid purchase however.
