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Author: BrerBear Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19224  
Subject: Re: 5 best and 5 worst things you did. Date: 5/13/2005 8:39 AM
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My comments largely parallel to Phil's:

1. Eliminated all debt but mortgage back about 20 years.
2. Accelerated mortgage payoff in a final burst to the finish line.
3. We have max'ed IRA/401k contributions since they have been available. I'm pretty sure things would look much bleaker if Congress hadn't created them. Without the before tax aspect, and the employer matching that is commonly made, I doubt we would have had the initiative to be as aggressive in our setting aside.
4. Tied to #3, it would have been a nice touch if the IRA/401k think had been available to us before 1984, our first year.

Bad decisions:
Mostly, being unrealistic about "looking at the big picture" and knowing, for one example, that a company like IBM going thru the big losses in the early years of the last decade would be coming back and adding to our positions significantly. [FWIW, IBM shares bought at the bottom back then would today have a cost basis of ~~$10.50.] Olde too schoon, schmardt too late.

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