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 Post subject: What's the riskiest investment you've ever made?
PostPosted: Sun Mar 17, 2013 6:02 pm 

Joined: Tue Jan 20, 2009 11:38 pm
Posts: 78
My husband and I recently made a risky investment, becoming investors in a real-estate-related LLC. We know the key players and did the homework we could, but it's a new business model and there is risk involved. So far so good but I still have moments of, " we did what?" Time will tell.

Just thought it would be fun and/or informative to read about other people's riskiest investments. What was it? Why did you do it? (Calculated risk or blissful ignorance?) How did it pan out? I'm sure in hindsight, many home purchases might now be considered risky, but they probably didn't feel that way at the time.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 1:10 pm 

Joined: Mon Feb 04, 2008 7:35 am
Posts: 1148
Location: Maryland
I bought maybe 15 shares of CROX (Crocs) stock in 2006. It split, and dropped, and I'm still waiting for it to recover!! I'm holding....hee hee.

It was money I could afford to lose, and obviously I didn't invest that much, but it was pretty risky on my part.

That's all I've got.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 1:16 pm 

Joined: Fri May 04, 2007 8:14 pm
Posts: 1975
Early in our marriage, a friend of my wife's wanted to create in Internet start-up. This was in the days when anything that hinted of the Internet put dollar signs in peoples' eyes. He wanted a $1000 from each investor. I told my wife that I had zero faith in the project but said she could put in $500 if she was in a betting mood and wanted to place a bet on a long shot.

The company folded within a year.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 1:22 pm 

Joined: Mon Nov 01, 2010 5:15 pm
Posts: 1213
I've been to Vegas a couple of times...


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 1:51 pm 

Joined: Wed May 30, 2012 11:56 am
Posts: 134
I buy lotto tickets twice a year.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 7:01 pm 

Joined: Mon Feb 07, 2011 6:33 pm
Posts: 1164
Location: Illinois
I've loaned a friend money


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 7:45 pm 

Joined: Mon Nov 01, 2010 5:15 pm
Posts: 1213
bpgui wrote:
I've loaned a friend money

Winner, winner, chicken dinner!


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 7:46 pm 

Joined: Tue Jun 30, 2009 9:44 pm
Posts: 320
Location: Atlanta, Georgia
I loaned money to my brother who has a bad track record when it comes to being responsible/truthful/respectful -- and then I loaned him more.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 7:54 pm 

Joined: Mon Nov 01, 2010 5:15 pm
Posts: 1213
LeRainDrop wrote:
I loaned money to my brother who has a bad track record when it comes to being responsible/truthful/respectful -- and then I loaned him more.

That's even worse!


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 8:01 pm 

Joined: Fri Jan 18, 2013 7:21 am
Posts: 95
Location: New York
Riskiest? Falling in love

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Track my fiscal fitness with $0.5 million in debt: http://getrichslowly.org/forum/viewtopic.php?f=11&t=61052 Latest update: As of April 16, I've paid off $21,400 in credit card debt this year (after starting with $35k)


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Mon Mar 18, 2013 10:06 pm 

Joined: Tue Jan 20, 2009 11:38 pm
Posts: 78
Mario, I love it!

Hopefully it stuck, and is paying dividends... :)


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Tue Mar 19, 2013 4:04 pm 

Joined: Fri Jan 18, 2013 7:21 am
Posts: 95
Location: New York
Cely wrote:
Mario, I love it!

Hopefully it stuck, and is paying dividends... :)

It did not

_________________
http://debtblag.com

Track my fiscal fitness with $0.5 million in debt: http://getrichslowly.org/forum/viewtopic.php?f=11&t=61052 Latest update: As of April 16, I've paid off $21,400 in credit card debt this year (after starting with $35k)


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Sun Mar 24, 2013 9:44 am 

Joined: Sun Mar 10, 2013 12:10 pm
Posts: 135
10 years ago at age 29, I bought my first house. It was over 3X my salary at the time, and I put a whopping 3% down.

As if that wasn't enough exposure, I went out about six months later and bought a brand-new car on a signature (0% down, 0% interest, five-year loan). At that point, I was about 3.5X my annual salary in debt. But, I was also single, relatively young, and blissfully unaware of the potential financial bomb I'd rigged for myself.

Luckily, I got away with it. Not because of skill, but because I was lucky. A lot of people in the ensuing ten years weren't so much.


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Wed Mar 27, 2013 3:44 am 

Joined: Tue Mar 05, 2013 6:57 am
Posts: 5
I would have to say the Facebook IPO. :)


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 Post subject: Re: What's the riskiest investment you've ever made?
PostPosted: Fri Mar 29, 2013 3:32 pm 
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Joined: Mon Jan 07, 2013 3:45 pm
Posts: 8
Location: San Diego, CA
Great discussion question!

One year after graduating college, I invested in a stock which was referred to me by my supervisor, with no research whatsoever (1st mistake). The company was Sideware Systems, and was trading at about $0.20 per share (penny stock = 2nd mistake). I invested about $5k, which at the time was approximately 90% of my savings (3rd mistake).

The stock went up to $0.60 per share, but I continued to hold at the advice of my supervisor, who said to hold until at least $0.80 (do I even need to keep saying it?). Four days later someone posted an article online about the stock being a pump & dump scheme. Whether it was true or not, the article had a very high exposure and the stock promptly dropped to $0.12 immediately when the bell rang the next day.

I hate to say that I still trade penny stocks occasionally, but only after extremely thorough research. This $2500 lesson was better than any investing course I have ever taken (you could call it a $12,500 lesson, but I was never really that close to selling).

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