Hey, I just met you, and this is Lazy... get these fast finance fixes and mail me, maybe?

Best and Worst Money Moves

Written by

Jim at Bargaineering.com has been compiling a list of best and worst money moves. I've been putting it off simply because it's pretty hard to go back and analyze over the years. Do I include the set of 1986 Celtics Basketball cards that have appreciated some three hundred times their value? I've decided not to as it was pure speculation and luck. Do I include all the bad dates I went on before I found "the one"? That was part of the journey, so I'm not going to include that. Here's what's left:

Best Moves

  • Investing in a Internet stock at the IPO price in 1999. I worked at a popular Internet company, but didn't get in for the pre-IPO prices. However, they let me buy some shares at the IPO price with no restriction on when I could sell. When I look back it seems kind of shady. Anyway, I made 10K, which out of college is a good thing.
  • Moved to San Mateo County. I know you are thinking... what?!?! It has a HUGE cost of living. The money my fiancee and I are making so much more than make up for it. Here's the scary part... Since we moved out for her job, I had to take one of the first job I could find or lose money each day. As a software engineer, I could probably command another 20% if I decided to switch to another job.

Worst Moves

  • Remember that Internet stock that I mentioned above? Well I continued to invest in the Employee Stock Purchase Plan and just barely broke even after the dot-com bust. I also used that money and bought other Internet stocks. Like most, I didn't get out in time. I did transfer a good chunk of money into bigger technology companies like Lucent and Worldcom. Ouch!
  • Purchase that new sports car. It was a reasonably priced car as far sports cars go - under $30,000. I had cars that would barely run previous to that. I went to the opposite end of the extreme. If I had saved that some of that money and bought a condo at the time, I would have had a much better bottom line right now.

Posted on November 9, 2006.

This post deals with: ... and focuses on:

Money Management

Don't forget to these five minute financial fixes to save thousands!

4 Responses to “Best and Worst Money Moves”

  1. Hey Lazy!

    The key is that you can own up to your mistakes and learn from them.

    Happy investing.


  2. Golbguru says:

    So I had company on the Worldcom investment disaster :). That totally threw me off the investing scene for a while because that, unfortunately, was the first investment of my life !! :)

  3. My biggest investing blunder was when I first started stock trading in 2001… I invested in Nortel… :(

    You live you learn.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous: They Are All Out To Get Me…
Next: What’s Your Pampering Vacation Budget?
Also from Lazy Man and Money
Lazy Man and Health | MLM Myth | Health MLM Scam | MonaVie Scam | Protandim Scams | How To Fix | How To Car | How To Computer