What was your best financial investment? Worst? Not a Bot thread.

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FemmeFatale said:
Best: Toyota SUV 4Runner for $25k
Worst: college 'cause i got the most the most useless specialty ever. Guess which? :D
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Well, you're in Denver...
So, unless you've gone on a life altering excursion with your 4Runner; I'm going to guess that "robot impersonator" is what you went to school for.
 
I can't say it's an investment strategy but, I have always spent my money wisely.

Spend as little as you can on bank interest and taxes, you will never get that back.

And try to buy or sell before you need to.
 
japetus said:
Research startups in emerging tech fields that you find interesting. Make a list of 20. Get a linkedin account and cyber stalk everyone connected to the companies. Make a list of the companies you feel most confident in, based on your discoveries. Take the top 3 and invest a modest but decent amount. Forget you invested it.
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That sounds crazy bro. I admire you though.


psychodave said:
My best financial decision was to max out my yearly 401k contributions. Plus the company I’ve worked for give me an additional $5k match along with 3-5% of my total compensation on a yearly basis. I’ve worked for the same company for 24 years, so I have a lot saved. My wife did as well, but she stayed home with the kids for the past 15 years. Between the two of us, we are really far ahead.

I will admit that my biggest fault has been not contributing a lot to a 529 plan. My daughter was recruited to a private college to play D1 field hockey. With the money they have given (like 40%), I’m still playing $40k a year. That is painful. Student loans suck because our income and savings are a lot, so we were quoted 7%+ interest rates. Fuck that.
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This for sure. My company matched up to 6% and also provided a pension. I was there 24 years, retired early, took some time off, now back part time as a contractor. We had a 529 but still owe about $160k.


Floyd Eye said:
My wife manages my 401k. She's done really well with it. She is a CPA and a financial advisor. Company match is 5% and I have it maxxed out at 20%. Which is in effect 25% of my income invested. I haven't asked her about it in a while, but last time I did she was averaging somewhere around 21% ROI IIRC.
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This is solid :yes:


Worst investment? Hmmm. Probably my 1992 Camaro.
 
Bought 40 acres in the Texas hill country 19 years ago..

Was digging the foundation for my outdoor kitchen using a mini-excavator, and found the legendary Spanish gold coin stash purported to be hidden near Bandera Pass.

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Don't know enough about stock and at the time when I was making awesome money, I was paying $2200/mo in child support for my older daughter. I see people fucking around with nickels and dimes and wonder why they bother. I don't really trust my money in a computer system anyhow. If I had cash, I'd buy physical gold.
 
Best: investing in my 403b aggressively since 2001.

Worst: 5 years of college for a worthless degree. I borrowed a good chunk to make that happen. Took 17 years to pay off.

Probably oversharing here, and not looking for sympathy or pats on the back. In the summer of 1995 I had a little boy who died during childbirth. If I could somehow rewrite history I would've never gone to college, and instead invested all of that time and money in that child's life.
 
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I will give you an example from my life as to why I have no faith in our government or want them meddling in our lives. I retired from the federal bureau of prisons/ department of justice on 12/31/21. I filled out my retirement paperwork and submitted it almost 12 months before my retirement date. I went from a 70,000 a year base salary… just base mind you, to zero dollars in January to $500/month from February to November. All because OPM had not processed my retirement. Then in November they gave me my retirement back pay all at once and taxed the fuck out of it. The reason why my retirement was not processed was because the final reviewer was on home duty status and they had to wait until this person physically came to work and signed off on it. I didn’t have as much as I wanted in my 401 but we subsided on that until my pension came through. Then after that year with what I had left I but my son and grandkids a house. So good decision/bad decision…I don’t know. I don’t care. It’s life.
 
I'm currently/recently right before covid have been heavily investing excess bulk into a few cyber security companies. Outside of that I like INTC for the long haul. This is not advice. Do your own damn due. Mountain due.
 
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Cordoba said:
Best: investing in my 403b aggressively since 2001.

Worst: 5 years of college for a worthless degree. I borrowed a good chunk to make that happen. Took 17 years to pay off.

Probably oversharing here, and not looking for sympathy or pats on the back. In the summer of 1995 I had a little boy who died during childbirth. If I could somehow rewrite history I would've never gone to college, and instead invested all of that time and money in that child's life.
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If you don't want to talk about I get it but did your newborn son pass due to something you were not able to afford.? Financially?

My friend - never regret your decisions. Don't harbor guilt. Its not your fault.
 
311splawndude said:
If you don't want to talk about I get it but did your newborn son pass due to something you were not able to afford.? Financially?
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It did not have to do with finances, but rather it was poor prenatal care (IMO) because mom had some bad habits. Thanks for the comment.
 
My best financial investment has to be the small online shop I started a few years ago. I saw a gap in the market for eco-friendly products and decided to give it a shot. With some effort in marketing and building a community around the brand, it really took off. The returns have been amazing, and it feels great to contribute to something positive.

On the flip side, my worst investment was definitely in a tech startup that sounded promising but ended up being a total flop. I got caught up in the excitement and didn’t do enough research.
 
Jowaco said:
My best financial investment has to be the small online shop I started a few years ago. I saw a gap in the market for eco-friendly products and decided to give it a shot. With some effort in marketing and building a community around the brand, it really took off. The returns have been amazing, and it feels great to contribute to something positive.

On the flip side, my worst investment was definitely in a tech startup that sounded promising but ended up being a total flop. I got caught up in the excitement and didn’t do enough research.
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I've thought about a tech startup myself. I have background and would love to work for myself.

Glad to see you around. What is your favorite amp :dunno:
 
Jowaco said:
My best financial investment has to be the small online shop I started a few years ago. I saw a gap in the market for eco-friendly products and decided to give it a shot. With some effort in marketing and building a community around the brand, it really took off. The returns have been amazing, and it feels great to contribute to something positive.

On the flip side, my worst investment was definitely in a tech startup that sounded promising but ended up being a total flop. I got caught up in the excitement and didn’t do enough research.
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All your posts exhibit the demeanour, syntax, reasoning and deliberately-inoffensive M.O. of a semi-sophisticated bot.

So yeah, I call it a bot fail. :banhim::gethim:

Clint & Clyde - Bang!.gif
 
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