Now you buy the proxy. It runs so much faster. It also goes down deeper when the dip comes. Get the coin afterwards or keep both. |
Not keeping our previous homes as rental properties. |
I did start putting money in a 401k when I was young, but I didn’t have any understanding of the market. I didn’t know that I should have taken more risk in the market when I was in my 20s, and I was very conservative and kept everything in bonds for WAY too long. Hate to think what I missed out on all those years. I try to comfort myself by thinking that I might have lost all those gains in 2008 anyway… |
Investing in time horizon mutual funds in 401k. Just buying the S&P since I entered the work force in 1995 would have meant being much closer to retirement targets… years and years closer. Buying things that underperform the S&P when you’re in your 20’s and 30’s and even 40’s doesn’t make sense when you don’t plan on accessing the money until you’re 59 1/2 or older. Just dollar cost average into the S&P. Look at any dip in the S&P and the recovery no matter how bad the crash… 1987 crash, 1999 dot com crash, 2008 crash, 2020 covid crash, and if you just held the S&P it came back relatively quickly or at least outperformed most everything else, because American business and economy is going to adapt and come back. |
1) Not holding on to our starter home. Cost us $300K back in the late 1990s, real money
2) Living in our current home for 25 years. We love it and our neighborhood and it suits us, but financially we haven't seen the appreciation we would have if we traded up every 7 or 10 years. 3) My husband didn't max out his TSP until I got a hold of him lol |
Grad school. did a PhD after leaving a 100k/year job. talk about opportunity cost. |
Same. I thought I needed an asset allocation when I was younger. Nope. Should have just bought an equity index fund and worried about bonds as I got older. |
Like many here, not being aggressive enough early. Plus, right before the market crash in 2008 we went completely to cash. (It was already conservative, but not 100% cash.) We felt so lucky. But.... we felt uncomfortable getting back in. FINALLY, got back in in 2017, but back to conservative. Bonds, very little in stocks (funds) and cash. We have spent the last five years letting the longterm bonds come due and investing the cash. We are up to 56% stocks, 48% bonds (we would take a significant hit to sell them early) 6% cash. Our goal is 60/37/3 |
I'm in my mid 30s. Biggest mistake is being too traumatized by others suffering in 2008 that my portfolio weighed way too cash heavy. Even now I'm 30% cash and 70% equities with an eight figure portfolio and a fairly frugal lifestyle. Lots of missed opportunity. |
Ignoring all the pipe dreams about things that would never have happened (buying bitcoin at the right time), the real financial mistake I made was not being aggressive with my housing budget in 2020/2021. I'd just moved back to the US after living abroad for a decade and I was very conservative in buying my first house and passed up on several nicer properties I could have afforded. This was in early spring of 2020 when COVID had hit the US and the RE market briefly tanked and there were a few sellers eager to sell, anticipating the worst. There was a two-three month window when interest rates had fallen to close to 3% but prices weren't taking off yet.
Flash forward four years I have a golden handcuff to my current property, which is fine, but it's not the houses I passed up in the name of frugality. Had I bought one of them, I'd have been sitting pretty and laughing all the way to the bank. |
Not divorcing before I started banking income from a business. |
By far not marrying Rich. I actually had a chance to marry an only child from a couple married later in life at 32. Her mom already a widow and already 72.
Her mom had a three million dollar house in 1996! Plus a two million dollar home in the Hamptons. |
Having poor, divorced parents. |