If you were to begin again what would you do different?

[sptrawler]

I still regret selling the HG 350 Bathurst, the L34 Torana, the ex HDT XU1, the ex Brock VN Commodore 12hr car, the 2 Group C Commodores I ran in the 80's.
I regret not being nicer to my ex-wife prior to my car collection being sold, but most of all i regret not taking up an opportunity to move to Britain to race. At least I kept #7
Whoops, sorry this is a trading site, not a car forum....
What I would do differently is... spend the last decade on a treadmill while I trade

Classic.

 

[Agentm]

try not to pick partners as badly as your stocks..

lol

only kiddin, doin fine both ends


You better not short
You better all buy
Better invest
I'm telling you why
Bernanke Claus is printing right now
He's says he won't be printing
But you know he’ll do it twice;
Gonna bail out Who's naughty not nice
Bernanke Claus is printing right now
He calls it quantitative easing
ZIRP a QE fake
He knows what interest rates should be
So buy treasuries for goodness sake!
O! You better not short!
You better xxxxing buy
Better invest
I'm telling you why
Bernanke Claus is printing right now
Bernanke Claus is printing right now!

Merry quantitative easing to all, you'll be millionaires tonight.

 

[Whiskers]

That's good 'poetic' license, Agentm.

as for "try not to pick partners as badly as your stocks.."

notting suggested earlier to get a partner to do the opposite to you... I tried that, opposite personalities attract rationale. It sometimes does work, but when it goes wrong, it tends to go quite spectacularly.

As for Julia... once bitten, twice wise... I ain't considering risking it again.

 

[matty77]

Don't listen to neighbors "hot tips" on shares
Don't listen to work colleges "hot tips" on shares
Don't listen to family members "hot tips" on shares

Buy a house when I was younger instead of trying to be smart and wait for a correction.

 

[jank]

Interesting responses. A lot of people seemed to have been almost wiped out by a failed marriage! GULP!!

 

[young-gun]

Interesting responses. A lot of people seemed to have been almost wiped out by a failed marriage! GULP!!

im getting married next year, will let u know how it goes.

and for all u oldies dont try and discourage me...ive heard it all

 

[JimBob]

I would have invested more than $1000 in Sausage Software when they were 20c in the dot com boom days and definitely sold them for $6+ instead of 40c. Doubling your investment is a nice feeling except when they surge several thousand percent afterwards.

 

[So_Cynical]

Interesting responses. A lot of people seemed to have been almost wiped out by a failed marriage! GULP!!

Its probably one of the top 3 if not number 1 reasons for being happy, successful and wealthy...or melancholy and average.

 

[ROE]

According to the book the millionaire next door
having a successful partner is one of the key to wealth.
I'm lucky to have a good one....she doesnt' spend much...she gives me all her money
to invest and never question it. we have join account for everything....she can see the result..

I would do the same buy house in my early 20's
paid off fast then plenty cash left over to invest.

All the little mistake you made a long the way is good life lesson so I wouldn't change it.
be it investment mistake, buy useless stuff

If it wasn't for borrowing to buy a car when I'm 19 I wouldn't learn compounding works better when you on the other side of the equation

 

[Glen48]

Its not a failed marriage that's the problem its the government backing the ex wives to fleece the husband and leave the husband with no way to crawl back is the problem
.
Best thing to do is have a stash some where and if in 40 yrs you are still married break it open an hope she does not decide to get a divorce then and there and take it.

 

[Julia]

Interesting responses. A lot of people seemed to have been almost wiped out by a failed marriage! GULP!!

Don't let that put you off, jank. Just because I, as one example, showed woeful taste in husbands, that shouldn't reflect on the benefits of a good relationship. Just acquire some maturity before letting the hormones take over, maybe.

Its probably one of the top 3 if not number 1 reasons for being happy, successful and wealthy...or melancholy and average.

Well put. I agree entirely.

 

[johenmo]

This is not different:
- Marry the same person
These are different:
- travel the same amount but not back to the home base to relatives.
- rent when I moved for work, keeping the first house with the tiny mortgage as prices went up. Then buy 5 acres about 10 years growth from the edge of the metro area.
- learn about stocks and shares 20 years earlier.
- start up the cider company 3 of us talked about.
- go into boutique brewing which is where I wanted to go back in 1982 (boy did I miss out on an opportunity there!!!) and why I studied what I did. That's the sort of work I'd like to take home.
- Not work as many hours per week for so long for someone else.
- Live & work in asia for a few years.
- buy better quality guitars earlier. And play them more often.
- Take a year and have a working holiday in Europe after Uni.
- Develop the peace and calmness I have now 20 years ago.
- eat more chocolate

 

[Garpal Gumnut]

Don't let that put you off, jank. Just because I, as one example, showed woeful taste in husbands, that shouldn't reflect on the benefits of a good relationship. Just acquire some maturity before letting the hormones take over, maybe.


Well put. I agree entirely.

Hormones win out every time.

gg

 

[AussieBoy]

I'll respond to this thread in reference to a post I did in another thread here:

https://www.aussiestockforums.com/forums/showthread.php?t=3140&page=4&p=726228&viewfull=1#post726228

Basically, if I were to begin again, what would I do diferrently: I would've began earlier than when I began in January 2011.

The first half of the 2000s decade was an interesting time on the ASX, and more importantly, a time of many golden opportunities. I was in high school during 2000-05 and remember the One.Tel collapse (I had friends whose parents had One.Tel shares and One.Tel internet. Still remember those Shane Warne ads they used, lol!), HIH collapse, the dramatic dive followed by increase in shares post-September 11 2001 and then, of course, 2003 being the start of the boom in the Australian economy (2005 being the start of the mining boom).

I mentioned in that link above that my first exposure to the ASX was in 2002 through the ASX sharemarket game we played in year 9 Commerce class. Around 2003/04, I knew of a few ppl in my grade and the grade above me that had shares (although not much). I had a few thousand $ back then and looking back at it now, I regret not getting in during that time. Waiting until I completed my Bachelors degree at the end of 2010 was a mistake and even if I didn't succeed and did screw up had I started back a few years earlier (i.e. I'm not saying that by starting in 2003/04, I would've had guaranteed success), the experience would've been invaluable and I would've benefitted from it in the long-term. I don't regret not getting during the Dot Com boom as I was too young at the time (was still in primary school), but the 2003-07 Australian economy boom was definitely a missed opportunity, given the age and $ I had at the time.

So, if I ever did have children in the future, I'd give them the opportunity of letting them start earlier than when I did, as there is no substitute for time and experience.

 

[matty77]

Start investing earlier

Start investing earlier

Start investing earlier

Instead of waiting until I have bought my own house, paid for the wedding etc

 

[bailx]

I'm a bit like cumnuts, don't let emotions get the better of your trading. When I begun, learning the hard way I guess. And before I really new what I was doing I had sold some very profitable stock on a whim I was going to lose because I was a eager testicle sort of bloke. Trust your instincts and have faith in yourself and what you are doing. ( If your on a good wicket stay behind the crease. )

 

[Toeknee]

In life, get a mentor who has been around the block.
In sport follow your gut feeling.
In health, an active body is a happy body.
Always have a dog, it brings out the best in you. Always walk the dog - Thinking time!!
On a career, think integrity, respect and fairness.
On politics. Don't read it!
On people, everybody is equal.
On the stock market, join ASF to sort the "the chaff from the wheat".
On family, they are your greatest asset.
joea

^ This post is full of win!

 

[stewiejp]

1. As has been said before - get in the market early. Put an amount of $ into a share trading account each payday and when it hits a certain amout - buy shares with it, and don't touch it.

2. Budget wisely so the above is achievable.

3. Don't go into debt, other than maybe for a house, and if you do - don't over borrow. Nobody needs 5 bedrooms when they have no kids.

4. "Interest Free" means shop somewhere else.

5. If you can't afford it, don't buy it.

I'm lucky, I haven't fallen into any of the above traps, but I know a lot of people who have, and it generally costs them more than just money.

 

[matty77]

I have been doing just that for maybe 5 years now, its finally starting to get traction now days which is great. Only sold one share in that portfolio in the last 5 years.

Wish I started doing that when I was 18.

1. As has been said before - get in the market early. Put an amount of $ into a share trading account each payday and when it hits a certain amout - buy shares with it, and don't touch it.

 

[Bill M]

Put an amount of $ into a share trading account each payday and when it hits a certain amout - buy shares with it, and don't touch it..

I have been doing just that for maybe 5 years now, its finally starting to get traction now days which is great. Only sold one share in that portfolio in the last 5 years.

Wish I started doing that when I was 18.

That guys is the easy part. What is harder is knowing when to sell. I blew it and if I were to do something different I would want to know when to get out. My biggest mistake was not getting out of the market when the All Ords was at 6,800 points. Yes it's hard to believe but we were there and if I had got out at that time I would be much better off right now. Anyhow guys, well done for saving and buying but as I said, not getting out at the right time was my biggest mistake.