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Reply to "What were your biggest financial mistakes?"
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[quote=Anonymous]Worrying about capital gains tax rates when owning a stock I very well knew was speculative. Back in the dotcom boom I bought a stock for $5/share in March 1999 and it was trading at $500/share in March 2020. I knew it was kind of crap but thought...if I just wait 2 more weeks I get the LT cap gains rate. Well, if you recall, Nasdaq started crashing early March 2000. I did end up selling the stock at $150/share, so no crying for me. If the stock had simply gone from $5 to $150, I would have been happy as a clam. However, knowing it was at $500 was painful. The company ended up dropping down to like $0.25/share, though did end up surviving.[/quote]
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