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ihavereturned's avatar

What was the riskiest move you made that paid off?

Asked by ihavereturned (711points) January 1st, 2020
12 responses
“Great Question” (1points)

Always interested in hearing these stories from the more experienced.

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Answers

janbb's avatar

Getting into that car! (I met my future husband while hitchhiking in England.)

KNOWITALL's avatar

I stayed at a job during the financial crash of 2008, when everyone jumped ship. Also I havent cashed out my 401k all these years like many people do.

LostInParadise's avatar

I am highly risk adverse. The one risky thing I did was buy stocks in Apple many years ago. I heard good things about the company, but the stock value was low after Steve Jobs left. Jobs returned and I figured this was a good opportunity. I determined the most I could lose without being ruined, which at the time was a few thousand dollars. Over the years the stock has done very well, and at some point I had the dividends automatically reinvested.

JLeslie's avatar

Buying a condo when the market was going up. My husband didn’t want to do it. We sold just in time before the market dropped. We made about $50k.

Moving to Florida felt risky. I had just graduated college and my dad was telling me not to go.

I guess I associate the most risk with having the courage to move forward when people around me are against it.

Although, I guess the riskiest really was getting into someone’s car when the battery had died in my car, and I also got into a car with two men when I was a very little girl because I had missed the bus. Both times I knew I shouldn’t get into anyone else’s car.

@KNOWITALL I found out recently that a lot of people cash out their 401k before 59½ and I was stunned. For the life of me I can’t understand except when in very dire circumstances. It’s still not the majority of people who do it, but more people than I would have guessed. It’s not risky to keep the money in a 401k, it’s foolish to pay the penalties.

Sagacious's avatar

I make quite a little bag full on penny stock one time..One time only. I took my loot and went home. :)

ihavereturned's avatar

@janbb beautiful :)

@KNOWITALL why would everyone jump ship at a time like that?

@LostInParadise WOW I wish I had done what you did. I’ve been an Apple fan for most of my life, but I was too young to understand stocks when I was obsessed with the company. Good move. I have a new company obsession tho ;)

@JLeslie how did Florida pay off?

@Sagacious nice!

ihavereturned's avatar

@LostInParadise how much did you gain? (%)

KNOWITALL's avatar

@ihavereturned Layoffs mean more work for the same pay.

JLeslie's avatar

@ihavereturned Florida turned out great. I consider myself a Floridian now, even though I have left and moved back to Florida three times. I met my husband in Florida. I love the warm weather, sunshine, and palm trees. Florida feels most like home for me.

RabidWolf's avatar

A reminder first: I’m pushing 60 and I’m disabled. I stood up to some asshole trying to bully a woman who was also in her 60’s. I backed him down and I have to tell you, folks, it felt fucking great. to make this creep look like a coward. I think what pissed him off the most was not that I dared to get involved, but I had called him an asshole and I laughed at him. That he a man 6 ft plus, backed down from a man 5.7. Was I bluffing? No. I felt all that old raw energy flowing, I had already pinpointed his weak spots. Besides the one above his neck of course.

LostInParadise's avatar

@ihavereturned , Over the the course of over 40 years and including new shares bought with dividends, the value increased by a factor of two orders of magnitude.

ucme's avatar

Riverdance!

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