Comments on: I Blew $5,000 in Learning How Not To Invest http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/ Helping a unique generation achieve financial independence. Mon, 15 Mar 2010 04:23:32 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mike http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-69790 Mike Fri, 18 Apr 2008 15:08:53 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-69790 Oh the pain! and its a pain I know only too well unfortunately. Still it is good to look on it as an 'Investment in your education' because you can be sure that next time you won't make the same mistakes again! Oh the pain! and its a pain I know only too well unfortunately. Still it is good to look on it as an ‘Investment in your education’ because you can be sure that next time you won’t make the same mistakes again!

]]> By: Llama Money http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-62386 Llama Money Tue, 11 Mar 2008 02:33:48 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-62386 I'm still a green investor, and maybe I'm being naive, but I wouldn't say that index funds are always the only way to go. They do make up a good base for your portfolio, but you shouldn't be afraid of individual stocks. The volatility is much higher of course, but so is the chance for phenomenal gains that index funds will never see. Worth the risk in my book. I’m still a green investor, and maybe I’m being naive, but I wouldn’t say that index funds are always the only way to go. They do make up a good base for your portfolio, but you shouldn’t be afraid of individual stocks. The volatility is much higher of course, but so is the chance for phenomenal gains that index funds will never see. Worth the risk in my book.

]]> By: trixs http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-62385 trixs Tue, 11 Mar 2008 02:22:16 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-62385 I think everyone loses some money when they first start investing. Eventually they will learn that they should simply index it and forget or they will constantly under perform. Check out www.assetplay.net for asset allocations that will most likely perform in the future. I think everyone loses some money when they first start investing. Eventually they will learn that they should simply index it and forget or they will constantly under perform. Check out http://www.assetplay.net for asset allocations that will most likely perform in the future.

]]> By: The Simple Dollar » The Simple Dollar Weekly Roundup: Final Countdown Edition http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-60344 The Simple Dollar » The Simple Dollar Weekly Roundup: Final Countdown Edition Wed, 27 Feb 2008 14:01:42 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-60344 [...] I Blew $5,000 in Learning How Not to Invest Investing is definitely one of those things that is greatly helped by educating yourself before you jump into the deep end of the pool. (@ generation x finance) [...] [...] I Blew $5,000 in Learning How Not to Invest Investing is definitely one of those things that is greatly helped by educating yourself before you jump into the deep end of the pool. (@ generation x finance) [...]

]]> By: Weekend Links - Napa Treat Edition http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59932 Weekend Links - Napa Treat Edition Sun, 24 Feb 2008 21:23:23 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59932 [...] Generation X Finance had a guest writer who wrote how he learned NOT to invest. [...] [...] Generation X Finance had a guest writer who wrote how he learned NOT to invest. [...]

]]> By: Saturday Roundup - Feb 23rd, 2008 - Tag! No Tagbacks! edition | Credit Withdrawal - Helping You Kick the Credit Habit http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59664 Saturday Roundup - Feb 23rd, 2008 - Tag! No Tagbacks! edition | Credit Withdrawal - Helping You Kick the Credit Habit Sat, 23 Feb 2008 17:18:02 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59664 [...] Generation X Finance I Blew $5,000 in Learning How Not To Invest [...] [...] Generation X Finance I Blew $5,000 in Learning How Not To Invest [...]

]]> By: Watch My Money Maker » Blog Archive » The Swamp Thing http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59663 Watch My Money Maker » Blog Archive » The Swamp Thing Sat, 23 Feb 2008 16:53:08 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59663 [...] week. I have hardly had time to sleep, let alone blog. I did manage to write up a guest post at GenXFinance before fully submerging in the code that is for a presentation next week at a client’s [...] [...] week. I have hardly had time to sleep, let alone blog. I did manage to write up a guest post at GenXFinance before fully submerging in the code that is for a presentation next week at a client’s [...]

]]> By: Llama Money http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59538 Llama Money Fri, 22 Feb 2008 04:23:03 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59538 Ahh sorry. Sometimes I read too fast for my own good. Awfully nice relative to forgive the debt. Ahh sorry. Sometimes I read too fast for my own good. Awfully nice relative to forgive the debt.

]]> By: Randy Peterman http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59525 Randy Peterman Thu, 21 Feb 2008 23:56:04 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59525 @Llama Money: At the end of the post you'll note that the debt was forgiven. @Adfecto: It was a relative who lent me the money and they were trying to help me learn to invest, but the investment scheme was a bad one and options far too risky for a new learner. I /thought/ I had learned the system, but I didn't practice on paper, which is why I mentioned it specifically in this post. Thanks for the comments! @Llama Money: At the end of the post you’ll note that the debt was forgiven.

@Adfecto: It was a relative who lent me the money and they were trying to help me learn to invest, but the investment scheme was a bad one and options far too risky for a new learner. I /thought/ I had learned the system, but I didn’t practice on paper, which is why I mentioned it specifically in this post.

Thanks for the comments!

]]> By: Adfecto http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59519 Adfecto Thu, 21 Feb 2008 22:33:58 +0000 http://genxfinance.com/2008/02/21/i-blew-5000-in-learning-how-not-to-invest/#comment-59519 Ouch. I'm trying to figure out who was willing to give you a $5k loan without either a business plan or collateral (unless you used a credit card?). Margin accounts are asking for huge trouble for anyone but the most seasoned market players. Most people look before they leap and unfortunately it seems you dove headfirst into the shallow end of the pool. Thanks for sharing your mistake so that others can learn from it too. Ouch. I’m trying to figure out who was willing to give you a $5k loan without either a business plan or collateral (unless you used a credit card?). Margin accounts are asking for huge trouble for anyone but the most seasoned market players. Most people look before they leap and unfortunately it seems you dove headfirst into the shallow end of the pool. Thanks for sharing your mistake so that others can learn from it too.

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