Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.