Expensive Mistakescoopsweb asks "What's the most expensive mistake you've ever made? Should I mention a certain employee who caused 4 hours worth of delays in Central London and got his company fined £500k?"
No points for stories about the time you had a few and thought it'd be a good idea to wrap your car around a bollard. Or replies consisting of "my wife".
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chthonic, Thu 25 Oct 2007, 11:26)
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Psion... how many?(1996). "Shall I just buy 1,000 Psion shares at £1 dear or can I put all our £30,000 savings on them? They seem a very good bet!"
"Better play it safe dear... just the £1000."
"O.K, whatever you say."
(2001, March, peak of the market). Potter, CEO, starts the rush for the door with a big sale. I phone my broker. My £1000 is now worth something like £60,000 and I unload the lot. Lovely eh? Like fuck... my best hit on the Stock Market ruined by wondering how £1.8 mil would have felt.
2007 House is paid for, cars paid for. Debts? None. Bank account? Empty. Soul? Gnawed at.
(, Thu 25 Oct 2007, 14:16, 4 replies)
SimilarI considered buying British Steel shares when it was up the creek, on the basis that, even if I lost, say, £1k, I'd survive. But I chickened out. Arsebiscuit.
EDIT: Having re-read yours, in what possible world is making £60k a mistake?
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Enzyme is powered by sunlight, Thu 25 Oct 2007, 14:21,
closed)
I sympathiseI know how bitter the taste of £60 000 is too.
(, Thu 25 Oct 2007, 14:22, closed)
Just remember, hindsight is a wonderful thingIt all seems so obvious after the event. You did great to get a £60K profit.
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Colonel Dracula Two manky hookers and a racist dwarf, Thu 25 Oct 2007, 14:24,
closed)
well,punting 100% of your savings on the shares of a single company is pretty risky. I might go to 10 or 20% or so if I was feeling confident ... not more.
Anyway, making an early overpayment on your mortgage can pay back several times that amount in interest savings. Not x60, though, in normal circumstances.
(, Thu 25 Oct 2007, 14:33, closed)
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