12 Investing Mistakes You Can Learn From
Pinyo at GetRichSlowly is confessing a dozen mistakes he feels he’s made in regards to investing. One of the greatest things anyone can do is learn from his mistakes, and Pinyo is doing one better and sharing them with us.
Not investing soon enough — I have been working part-time since my first year at college in 1991. If I had known what I know today, I would have invested my money in an IRA from day one. But like many other young adults, I was thrilled to have money and to spend it all on things that I enjoyed — movies, games, electronics, etc. If I had invested just $2,000 per year while I was in college, that $8,000 invested in an S&P 500 index fund would be worth about $36,000 today.
12 Investing Mistakes I’ve Made (and How You Can Learn From Them) – [GetRichSlowly]
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Comments
J.D. Roth says on September 26th, 2007 at 11:42 am
Thanks for pointing to this article, but just to be clear: it’s a guest-post from Pinyo at Moolanomy. I’ve made a lot of these mistakes, too, but I didn’t write the post. :)
Craig Childs says on September 26th, 2007 at 11:47 am
Thanks J.D. Apologies for the error.
Pinyo says on September 26th, 2007 at 2:29 pm
@JD – thank you for pointing out my blog.
@Craig – thank you for picking up the story on Lifehack. It’s a great honor.
some guy says on September 27th, 2007 at 11:27 pm
Excellent article. I hate to admit it, but I went through similar experiences and regrets. If only I had read an article similar to this back then…