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Reply to "What were your biggest financial mistakes?"
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[quote=Anonymous][quote=Anonymous]Taking out a $300K second mortgage in December 2020 and then using all of it to buy PYPL stock. We bought 1200 shares at $250 per share and now have only 500 shares remaining worth a measly $30K. We ended up selling 700 shares throughout 2022-2023 at a huge loss just to make our payments on the second mortgage. We have 27 years of $1300 payments remaining and maybe 2 years of runway in remaining stock until we’re insolvent. I never would have done this before, but so many people on DCUM were going on and on about refinancing at historically low rates and using the leverage to invest. [/quote] Yikes. If only you put that in Bitcoin instead. [/quote]
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