Things I Got Wrong
Discussion
Mid 90s bought house for £45k, two years later met future (and still wife) who had a house she had owned for a year for £32k. Two years later again found we had £30k equity across our houses so sold both and bought a house together. Could have easily got a mortgage between for the £95k house without selling the others.
25 years later combined value of those two houses is £450k and would have rented consistently to cover the tiny mortgages with lots left over. Wife has also earned nothing/little in the interim as a stay at home mum/part time worker.
Never mind
25 years later combined value of those two houses is £450k and would have rented consistently to cover the tiny mortgages with lots left over. Wife has also earned nothing/little in the interim as a stay at home mum/part time worker.
Never mind
Buster73 said:
Got a tip about Ashstead shares years ago , bought them at about 80p went down to about 20p , forgot about them for ages and checked they were trading about what I paid for them so sold them.
Read your post and I’ve just checked they are £34 now
Yes, Ashtead was the company. Read your post and I’ve just checked they are £34 now
They were in trouble due to their parent company when I bought them and the price had collapsed. It was a gamble at the time which would have paid off handsomely to the tune of several million quid. (Assuming there hasn't been a share consolidation at some point). Ah well, I probably stuck it in something else that actually did go bust! 
eltax91 said:
Worked for a company in network security for a couple of years. Got a bunch of shares when I joined and bought the maximum they would allow me each month on an employee purchase scheme.
Sold it all when I left at $17usd per share. Some of which were 100% free and some which cost me about 85% of that. Was happy with myself for making a tidy profit and moved on to my
New job. I had around 1000 shares which head in total cost me about $12k, sold for $17k.
3 years later they topped out at $380 per share.
Sold it all when I left at $17usd per share. Some of which were 100% free and some which cost me about 85% of that. Was happy with myself for making a tidy profit and moved on to my
New job. I had around 1000 shares which head in total cost me about $12k, sold for $17k.
3 years later they topped out at $380 per share.
gutted mate! At least it wasn't a loss you made originally, that would have been hard to take! 
Al Gorithum said:
Everyone makes mistakes, and sometimes that's the best way to learn. For a bit of fun here are some of mine:
Must have been around mid-'90's when dial-up internet was the big thing. A firm phoned me up to sell me a web site, to which I responded that the internet was never going to take off so I wouldn't be needing a web site.
I'd been in business for a couple of decades and was reasonably successful doing what I do within a relatively niche industry with people who were completely transparent and honest. I was offered a business proposition by a friend of a friend who transpired to be a proper wrong 'un. I lost 8 figures. I now work on the assumption that everyone new I meet is c
t until proven otherwise.
Declined to buy Bitcoin at sub-$500 by an acquaintance because he was also a Flat Earther.
Voted for Brexit. Less less said about that the better.
Many more that I'll share when remembered.
How about you?
among the 'many' things you've got wrong, you (personally?) lost an EIGHT-figure sum?Must have been around mid-'90's when dial-up internet was the big thing. A firm phoned me up to sell me a web site, to which I responded that the internet was never going to take off so I wouldn't be needing a web site.
I'd been in business for a couple of decades and was reasonably successful doing what I do within a relatively niche industry with people who were completely transparent and honest. I was offered a business proposition by a friend of a friend who transpired to be a proper wrong 'un. I lost 8 figures. I now work on the assumption that everyone new I meet is c
t until proven otherwise. Declined to buy Bitcoin at sub-$500 by an acquaintance because he was also a Flat Earther.
Voted for Brexit. Less less said about that the better.
Many more that I'll share when remembered.
How about you?
Wonder how many more multi-millionaires are on PHs?
I am still wary of bitcoin and its offspring
to a simpleton like me it equates to invisible fairy dust You may well well have bit of electronics that tells you they are worth x pounds but , i cannot see anything.. And who buys the current value of you?
Dad told me that whilst you will always buy some item, it is another thing to find a similar person to buy it off of you if you want to sell and you will always lose money on the deal.
When i was working for BT we had on gut buying everything that the company offered and was always going on about how much he was worth every month. Just told him that it is a piece of paper worth nothing until he sold them.
I got offered early retiremnet and grabbed it with both hands. When i left the sgares were about 14.00 or so. Within thre months BT had gone tits up and they had dropped like a free fall parachutist. i had sold all mine when i left. and went back sometime later to see my mate and gently asked this chap how much he was worth now. He looked gutted.
I may well have missed several golden chances and by the laws of sod dodged a few gift horses. But i am happy with my lot.
I just use mexperiences with horse racing, i am not a betting man but will spent a 6.40 each day of the Royal Ascot meeting, having done some 'practicing' the week preceding seeing how my racing acumen is. That week i come out with a profit, sometime a VERY good profit and on that bsasis, nip down to the Bookies the next week. After race 6 on the Sat meeting i am 32.00 down. regular as clockwork. The Gods really hate me!
to a simpleton like me it equates to invisible fairy dust You may well well have bit of electronics that tells you they are worth x pounds but , i cannot see anything.. And who buys the current value of you?
Dad told me that whilst you will always buy some item, it is another thing to find a similar person to buy it off of you if you want to sell and you will always lose money on the deal.
When i was working for BT we had on gut buying everything that the company offered and was always going on about how much he was worth every month. Just told him that it is a piece of paper worth nothing until he sold them.
I got offered early retiremnet and grabbed it with both hands. When i left the sgares were about 14.00 or so. Within thre months BT had gone tits up and they had dropped like a free fall parachutist. i had sold all mine when i left. and went back sometime later to see my mate and gently asked this chap how much he was worth now. He looked gutted.
I may well have missed several golden chances and by the laws of sod dodged a few gift horses. But i am happy with my lot.
I just use mexperiences with horse racing, i am not a betting man but will spent a 6.40 each day of the Royal Ascot meeting, having done some 'practicing' the week preceding seeing how my racing acumen is. That week i come out with a profit, sometime a VERY good profit and on that bsasis, nip down to the Bookies the next week. After race 6 on the Sat meeting i am 32.00 down. regular as clockwork. The Gods really hate me!
Zumbruk said:
dandarez said:
among the 'many' things you've got wrong, you (personally?) lost an EIGHT-figure sum?
Not really since he never had it. Complaining about not buying Bitcoin when it was 50c (or whatever) is like complaining about not buying the right lottery numbers.Double Whammy!
dandarez said:
among the 'many' things you've got wrong, you (personally?) lost an EIGHT-figure sum?
Wonder how many more multi-millionaires are on PHs?
I would have bailed out of bitcoin long before then. I got offered £/$100 worth (can’t remember which!) but when that had increased to about £100k I’d have got nervous and cashed it in, paid off the mortgage and have been really happy.kudos to those who have the faith and nerves to see these things through the various dips and climbs.Wonder how many more multi-millionaires are on PHs?
I had some free Halifax shares as I was a saver with them and had never looked at the price, didn't think they would worth much, so looked it up, oh £12-ish, that's £2400 then, nice. This was around 2006/7. I'll keep those for when I really have to sell them! We all know what happened in 2008, company got absorbed in the melee by Lloyds. Still got them, fvck!
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