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 What is a financial mistake that you wish to undo?

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Nutbeater69
post Jul 22 2024, 08:39 PM

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QUOTE(MegaCanonF @ Jul 22 2024, 08:04 AM)
Maybe for sharing and learning here.

My mistake was not learning to save up earlier in my career.  back then was a jolly CC user , have expensive hobbies and always travel for fun to and from (i'm guessing u call YOLO these days). Dunno all my money went even though worked a long time.

I wish I realized and be more financially aware sooner than later.

Second mistake is buying a car and house that is not affordable  .

I wish back then I used a cheaper car, as depreciation kills the value and fast forward 10 years all sort of problems came out .

Although the house I bought is in a decent location, I felt that it was overpriced. Back then it was all the rage for "Property investment". If I had the chance, I would undo this mistake by not buying a house at all, and instead just park the savings in gold and use it to buy house for own self stay .

What did you do that you regretted? Past cannot change anymore, perhaps we could state this as a reminder for ourselves.
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Even if you can turn back time, you still won’t be rich rich.

You chose gold as an investment. The hell
Nutbeater69
post Jul 22 2024, 08:45 PM

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QUOTE(UserU @ Jul 22 2024, 03:32 PM)
Sold my BTC in 2018.
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Damn why would so sold? That’s the best time to get in. I remembered I DCA until my bank account left RM1000 inside
Nutbeater69
post Jul 22 2024, 10:44 PM

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QUOTE(UserU @ Jul 22 2024, 10:33 PM)
Back then was pretty greenhorn so I made quite a number of foolish decisions. Paper hands.

Learned alot once I became more financially mature; now price dips don't phase me at all as I'll DCA with my funds.
What happened to your RM1,000 now? Hope that made you a good fortune at that time smile.gif
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I DCA-ed my whole net worth from 2016-2022 to BTC only

Really good times. I regret didn’t get a side hustle and dump even more money inside.
Nutbeater69
post Jun 20 2025, 08:28 PM

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QUOTE(hbm90 @ Jun 20 2025, 06:56 PM)
My mistake was not cashing out USD 500k worth of crypto that I had during crypto boom in early 2018.

I'm surprised that I'm still functional and have not gone insane.
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You bought shitcoins? Right now it’s even booming
Nutbeater69
post Jun 27 2025, 05:52 PM

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QUOTE(hbm90 @ Jun 22 2025, 01:15 PM)
I bought Neo, icx and the ultimate shitcoin, substratum, saw it run all the way up to $3 without selling 😅
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Noooooooo if you just stick to BTC u easily 30x your networth.

I bought NEO previously and got burnt badly too. In the end I gave up and convert everything BTC
Nutbeater69
post Jun 27 2025, 06:05 PM

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QUOTE(Hansel @ Jun 27 2025, 04:44 PM)
Looks like Bitcoin investments stand out to be quite a 'big regret' in topics like this worldwide.

But forummers,... we must understand,... this is a hindsight matter. We can't regret on misses because of hindsights. Instead, we must cherish our prudence and cautiousness that we have not lost money in case BTC turned south, though,... the reverse happens for this particular case.

I tell myself the same thing too as in the above,.. though, I also, at times,... say to myself : 'shld have invested into BTC earlier',....
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Actually it’s quite obvious BTC would thrive if you’re into tech.

The network is a huge factor in it. But most people dismissed/overlooked the network and claimed it doesn’t have intrinsic value when you shouldnt compare stocks and crypto.

Stocks = business (cashflow)
Crypto = money (network effect)

Everyone can create a Bitcoin 2.0 coin but nobody will have the same huge network effect to the original Bitcoin. Most people can’t understand it sadly

This post has been edited by Nutbeater69: Jun 27 2025, 06:07 PM

 

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