300 sats \ 7 replies \ @grayruby 8 Jun \ on: What is the Biggest Financial Regret of Your Life? bitcoin
I have a few.
- post financial crisis I had an opportunity to buy a new build home that a developer in financial trouble was trying to unload. It was 550k and needed probably another 50k to finish what he left undone. It would have been a stretch at the time but I could have afforded it. That home is probably worth 2M now.
- I lost 50k trying to import goods from India at the advice of one of my business partners. We would have been way better off investing the time and money into our own business rather that this side project
- I bought Bitcoin at $1k but I only bought 0.1BTC at the time and didn’t buy again until the parabolic move up in 2017. If I had a bit more conviction l could have a few more coins now.
- I sold my business 2 years too late. It got devastated by Covid lockdowns. If I had sold it a couple years earlier, which I was considering, I would have gotten a couple hundred thousand more for my equity than I did.
Timing is everything
I know it sounds like random luck but the success of a business or financial endeavor is determined by forces outside of your control
Your examples made me think of my own history and my friends and family
I didn’t buy enough bitcoin and MSTR in 2020. My allocation was too conservative
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I'm intrigued about what goods, if you can please specify, did you import from India?
Yeah, sometimes a stretch at the time, in a few years will be a breeze. As for your point #3, I think conviction takes time to build - and that is how I was.
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