Got this idea from blackfinancier's post about other people's bad finances. What are some of the dumbest financial decisions that you've personally made? One of mine:
- Loaned close to $10,000 to a close friend/best friend and he bounced to Alaska. I have not heard from him in years and have no way of contacting him.
Plus make sure to see my post <a href="http://www.wallstreetoasis.com/blog/how-i-got-a-770-on-the-gmat-with-minimal-effort-while-working-banking-hours%E2%80%A6">How I got a 770 on the GMAT with minimal effort while working banking... phantombanker's GMAT Study Guide |
A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free... How finance saved and gave me a life |
<em>Mod (Andy) note: </em><a href="http://www.wallstreetoasis.com/blog/phantombankers-gmat-study-guide">Here is the link to his study guide</a>
Background: I recently took the GMAT and scored a 770 on my first and only try. Long story short, I studied and took... How I got a 770 on the GMAT with minimal effort while working banking hours… |
Here's my story:
I will be graduating this semester from a non-target university, majoring finance and accounting, with a decent gpa (3.5 up). I started networking last summer, searching for that IBD full time offer. I was even considering delaying my graduation for one semester with the... Full Time Offer, at last! Thanks WSO! |
There she is again: Diane Sawyer, the primary ABC evening news anchor, with another installment in their interminable series of reports on imports and employment in America. I could just strangle her.
One week their (alleged) reporters go to people’s houses and look at everything the occupants... Sawyer’s Syndrome: The ABCs of Trade and Employment |
Fellow Primates,
We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a... WSO Campus Representative Program |
There was much wailing and gnashing of teeth at the close on Friday over the perceived lack of performance in the Facebook IPO. The stock priced at $38, opened at $42.50 (after a few hiccups at the NASDORK), and closed at exactly $38 after an effort by the syndicate members akin to the Spartans at... IPO Pricing 101 |
A common thread we see on WSO from time to time is regarding working for banks in their regional offices.
As banks are leaning towards more cost cutting and squeezing every dollar they can from their operations,<strong> a popular tactic has been to expand existing business and move... Consider your BB regional office. |
<strong>End of day update: </strong>
<ul>
<li>Close: 38.23 +0.23 (0.61%) and holding stable in after hours trading.</li>
<li>Open: 42.05</li>
<li>High: 45.00</li>
<li>Low: 38.00 </li>
<li>Volume:... Volume of FB Shares Traded today? |
I'm going to be an organ donor in the next few months (kidney, to my dad). I'm not at all in it for the glory (except for subtly dropping it when i'm picking up a chick at the bar) BUT should I add this experience to my resume? If so, how and where?
If its subtle / small / at... Add "Organ Donor" to my resume? |
| User | Silver Bananas |
|---|---|
| TNA | 846 |
| Edmundo Braverman | 752 |
| CompBanker | 747 |
| happypantsmcgee | 648 |
| IlliniProgrammer | 548 |
| UFOinsider | 459 |
| Nouveau Richie | 377 |
| Midas Mulligan Magoo | 369 |
| TheKing | 341 |
| cphbravo96 | 338 |
| User | Banana Points |
|---|---|
| TNA | 11669 |
| Edmundo Braverman | 11011 |
| WallStreetOasis.com | 10266 |
| happypantsmcgee | 9306 |
| UFOinsider | 8133 |
| CompBanker | 7796 |
| IlliniProgrammer | 7653 |
| Midas Mulligan Magoo | 5250 |
| monty09 | 5173 |
| cphbravo96 | 4426 |
going to a non-target for 45K
going to a non-target for 45K a year
'Before you enter... be willing to pay the price'
Paying $14K at 16 for a
Paying $14K at 16 for a Mustang without checking the insurance rates.
Work hard, play hard.
Not opening a health savings
Not opening a health savings account my first year of work (missed out on no strings attached $500 company donation).
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
Directly bad decision:
Directly bad decision: "loaning" a smack head friend $1,000 because I bought their fucking story about needing to pay off a student loan. Meanwhile, mine fell behind. This was "point and laugh" stupid.
Indirect: letting people in high school talk me out of applying/accepting/attending (I had a lot of options) Ivy / target schools in favor of a fucking state school. Chronic underacheiving townie assholes, I never even wanted to be like them anyway, I just wanted to fit in. Now I do and I'm busting my ass to get out.....forever.
Best financial decision ever: WORKING IN NEW YORK FUCKING CITY
http://www.motifake.com/image/demotivational-poster/small/0904/chill-out...
Selling $5k worth of AAPL at
Selling $5k worth of AAPL at something like $50/share to buy AMD at $40/share.
Buying new books from the
Buying new books from the university book store lol.
Kools wrote: Got this idea
Got this idea from blackfinancier's post about other people's bad finances. What are some of the dumbest financial decisions that you've personally made? One of mine:
- Loaned close to $10,000 to a close friend/best friend and he bounced to Alaska. I have not heard from him in years and have no way of contacting him.
sounds like a real shitty friend
Buying a bunch of BAC at
Buying a bunch of BAC at 11.25.....
Good is the enemy of Great
Funding my retirement account
Funding my retirement account the last two years and earning ~1% in the stock market when my student loans are 6% interest.
Life, liberty and the pursuit of Starwood Points
Hmm, probably my worst
Hmm, probably my worst financial decision is probably the cumulative impact of small purchases...buying coffee because I don't want to drink the office brew, packs of gum, food that goes bad in my fridge, etc. Literally thousands over a few years. Depressing to think of that waste...I need to strap a picture of Suze Orman to my wallet.
One bad choice was not changing my SSN and bank info after I turned 18. If you have a less than great family, they can use it to spoof their way into your checking account and clear it out. Lost about $3,500 that way, and it hurts more when you are not working. If they were smart, they would have waited until after I had been working for a few years.
Playing with the stock market
Playing with the stock market when I don't have a fuckin clue really.
BepBep12 wrote: going to a
going to a non-target for 45K a year
This...::sigh::
'We're bigger than U.S. Steel"
Letting some bitch run me for
Letting some bitch run me for a year because I was a chivalrous and perhaps stupid gentleman.
seedy underbelly
Buying new books from the university book store lol.
Why's everything 'lol' with you? Did you just learn what it meant?
West Coast rainmaker
Hmm, probably my worst financial decision is probably the cumulative impact of small purchases...buying coffee because I don't want to drink the office brew, packs of gum, food that goes bad in my fridge, etc. Literally thousands over a few years. Depressing to think of that waste...I need to strap a picture of Suze Orman to my wallet.
One bad choice was not changing my SSN and bank info after I turned 18. If you have a less than great family, they can use it to spoof their way into your checking account and clear it out. Lost about $3,500 that way, and it hurts more when you are not working. If they were smart, they would have waited until after I had been working for a few years.
Completely agree.
A friends sister did the same thing. She worked in a bank and he rather stupidly trusted her and she stole $20,000AUS by taking out a fraudulent loan on his name. The worst thing perhaps was that he didnt have the heart to call the cops on here.
RatinaMaze wrote: seedy
Buying new books from the university book store lol.
Why's everything 'lol' with you? Did you just learn what it meant?
Yes, master. I apologize, master. Now, please teach me your ways in getting friend zoned by every single girl in the world, master. lol
A few dumb ones I can think
A few dumb ones I can think of:
- A few years ago. Not getting it in writing that my new firm would buy out my bonus. Caused a lot of aggravation and put 6 figures at risk. I got paid in the end, but I got a few grey hairs from the stress.
- Every "fashionable" consumable designer brand item of clothing I've bought has been a complete waste of money. Either buy some generic but decent quality staple items, or (tailored mostly) items that lasts several years and are timeless style-wise. Probably spent thousands on this over the past decade... "Fashions come and go, but style is forever" YSL, or rather "Fashion is capitalism's favourite child." Werner Sombart
Could have done better:
- Spending $20,000 on professional courses while working instead of doing a masters or spending a bit more and getting an academic qualification out of it... Very beneficial courses, but should have had work pay for it or have done a masters/diploma instead.
Best decision:
- Being debt free. Has given me more flexibility and options than I would have had otherwise.
tylderdurden wrote: Selling
Selling $5k worth of AAPL at something like $50/share to buy AMD at $40/share.
http://blog.compete.com/wp-content/uploads/2011/02/Antoine-Dodson-Dumb.gif
Why don't you take a seat.
OP - out of curiosity: what
OP - out of curiosity: what was your "friend" going to ostensibly use the money for?
"It behooves every man to remember that the work of a critic is of altogether secondary importance, and that, in the end, progress is accomplished by the man who does things." - Uncle Teddy.
Student loans
Student loans
seedy underbelly
Buying new books from the university book store lol.
Why's everything 'lol' with you? Did you just learn what it meant?
Yes, master. I apologize, master. Now, please teach me your ways in getting friend zoned by every single girl in the world, master. lol
Yeah, OK. Dude, you're some pussy undergrad who comes around thinking he knows his shit. Shut the fuck up and let the adults do the talking. You dont the first thing about me. One bad experience doesnt make the man.
Heee's
Heee's BAAAaaaaack
Yeah, OK. Dude, you're some pussy undergrad who comes around thinking he knows his shit. Shut the fuck up and let the adults do the talking. You dont the first thing about me. One bad experience doesnt make the man.
Mildly fucking ironic coming from a guy that two posts above talks about a bad experience with a woman. Dude, we've ALL been there, but you're still bitching about this? And now you're playing it off like you're some wisened elder? What are you, 23? 24? You're a kid. STFU and stop being a dick. Tell you what: how about you go to the gym and blow off some steam. Go to the bar and get laid, then come back and post like a human.
One bad choice was not changing my SSN and bank info after I turned 18. If you have a less than great family, they can use it to spoof their way into your checking account and clear it out. Lost about $3,500 that way, and it hurts more when you are not working. If they were smart, they would have waited until after I had been working for a few years.
Holy shit, and I thought my family was insane. Or maybe they just haven't thought of this yet? Time to use the back up identity...
http://www.motifake.com/image/demotivational-poster/small/0904/chill-out...
Having a high maintenance
Having a high maintenance girlfriend. She burned through my wallet faster than I can jerk off.
CNBC sucks
"This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
Doubled down on WaMu.
Doubled down on WaMu. Thought the Fed wouldn't let them go under.
petergibbons wrote: Funding
Funding my retirement account the last two years and earning ~1% in the stock market when my student loans are 6% interest.
I understand this... that's why I'm paying offf my student loans... I figure even if I did decently well in the stock market it would be roughly a wash and when you factor in the risk, it's more worth it for me to have the peace of mind of being debt free. I'm trying to pay them down with a quickness.
"In summary, people are morons and who cares. Make a shit ton of money. I've never seen a Ferrari paid for by what people think." - ANT
UFOinsider wrote: Heee's
Heee's BAAAaaaaack
Yeah, OK. Dude, you're some pussy undergrad who comes around thinking he knows his shit. Shut the fuck up and let the adults do the talking. You dont the first thing about me. One bad experience doesnt make the man.
Mildly fucking ironic coming from a guy that two posts above talks about a bad experience with a woman. Dude, we've ALL been there, but you're still bitching about this? And now you're playing it off like you're some wisened elder? What are you, 23? 24? You're a kid. STFU and stop being a dick. Tell you what: how about you go to the gym and blow off some steam. Go to the bar and get laid, then come back and post like a human.
We've had this conversation before, havent we? The whole post is about bitching about something that caused you financial trouble. That was one thing that came to mind so I mentioned it. End of story. Not bitching about that in general, completely moved on. We've all been there but yet dicks like seedybelly or whatever his name is give me shit about it. He's a fucking kid, probably 18, hasnt even been there with a chick and is dropping shit on me. GTFO.
Couple of points:
Wisened isnt a word btw.
I'm 25.
Not being a dick. I asked the dude a simple question and he got all defensive and acted like an asshole so I let him know his place.
And UFO, get over me. You're always on my jock.
RatinaMaze sucks
RatinaMaze sucks
Don't you know that everything's on fire
TonyPerkis wrote: RatinaMaze
RatinaMaze sucks
as does your mom
RatinaMaze wrote: TonyPerkis
RatinaMaze sucks
as does your mom
Do you have aspergers or are you actually 12?
RatinaMaze sucks.
RatinaMaze sucks.
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
Cash4Gold wrote: RatinaMaze
RatinaMaze sucks
as does your mom
Do you have aspergers or are you actually 12?
Hey, I appreciate you sticking it to this moron but my nephew has aspergers so perhaps you should think twice before using it as a fucking punchline.
BoxerRebeller
RatinaMaze sucks
as does your mom
Do you have aspergers or are you actually 12?
Hey, I appreciate you sticking it to this moron but my nephew has aspergers so perhaps you should think twice before using it as a fucking punchline.
If you are going to peruse the dark depths of the internets that is WSO, you are just going to have to learn to get over it.
"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie
BoxerRebeller
RatinaMaze sucks
as does your mom
Do you have aspergers or are you actually 12?
Hey, I appreciate you sticking it to this moron but my nephew has aspergers so perhaps you should think twice before using it as a fucking punchline.
Yea? my cousin is retarded and as long as you're not ragging on them directly, it's a fucking hilarious punchline. Lighten up a bit duuuuude
http://www.motifake.com/image/demotivational-poster/small/0904/chill-out...
BoxerRebeller
RatinaMaze sucks
as does your mom
Do you have aspergers or are you actually 12?
Hey, I appreciate you sticking it to this moron but my nephew has aspergers so perhaps you should think twice before using it as a fucking punchline.
Reminds me of the people that would say their mom was dead when hit with a yo momma joke. It's the Internet, if you can't take the heat stay out of the fucking kitchen.
IlliniProgrammer
Paying $14K at 16 for a Mustang without checking the insurance rates.
I probably would have done this too if I had $14K when I was 16
Duke4Lyfe wrote: Doubled down
Doubled down on WaMu. Thought the Fed wouldn't let them go under.
I had some money in Lehman....
Bought a sports car for 20K.
Bought a sports car for 20K. Proceeded to dump an additional 20K into it. I can probably sell it for about 20K currently. At least it's fun.
Going to Vegas and doing the models/bottles treatment isn't exactly a good financial decision.
Basically having no sort of budgeting system for my salaried income. Saving bonus exclusively and everything else goes to the wind.
Pike wrote: Buying a bunch of
Buying a bunch of BAC at 11.25.....
I bought at like 11:30, feel your pain...
Converting my cash to Josh
Converting my cash to Josh Hamilton rookie cards in my youth, only to watch them become worthless and let my mom sell that at a garage sale. I must have bought 100 at $5 each, which was a lot of hedging bushes and assorted neighborhood shit. It still pisses me off.
Cash4Gold wrote: Converting
Converting my cash to Josh Hamilton rookie cards in my youth, only to watch them become worthless and let my mom sell that at a garage sale. I must have bought 100 at $5 each, which was a lot of hedging bushes and assorted neighborhood shit. It still pisses me off.
I wasted a ton of time and money on sports cards too. It's pretty crazy that 95% of cards out there can be worth 5 cents and then there's cards going for $1000+
Cash4Gold wrote: Converting
Converting my cash to Josh Hamilton rookie cards in my youth, only to watch them become worthless and let my mom sell that at a garage sale. I must have bought 100 at $5 each, which was a lot of hedging bushes and assorted neighborhood shit. It still pisses me off.
You know, that really is something how the cards & collectibles market has gone to shit. There's a ton of stories like this where some dude plowed everything he had into a card shop, dreaming of retiring to Jamaica in 10 years and now they're sitting on stacks & stacks of cards that they can't even sell for tinder!
GentlemanJack
Converting my cash to Josh Hamilton rookie cards in my youth, only to watch them become worthless and let my mom sell that at a garage sale. I must have bought 100 at $5 each, which was a lot of hedging bushes and assorted neighborhood shit. It still pisses me off.
You know, that really is something how the cards & collectibles market has gone to shit. There's a ton of stories like this where some dude plowed everything he had into a card shop, dreaming of retiring to Jamaica in 10 years and now they're sitting on stacks & stacks of cards that they can't even sell for tinder!
There used to be 5-10 card shops within my mom's range of patience and maybe 2 are still there. After posting that I realized that I am really happy it happened when I was 10 and not 30 because holy shit some people have been burned.
I was a decent baseball player growing up and I have started to get back into watching now that I am in nyc. The only collectibles on my wish list at this point are a signed Ted Williams bat (hoping for one actually used by him, and definitely willing to pay) and I have been looking for someone to make a 36x20 poster of Nolan Ryan bleeding all over his jersey when he took a line drive off the teeth from Bo Jackson. I then want him to sign it, but I need someone to make the poster first because I do not think it exists. That could be replaced by actually owning the jersey, but I think it is in Cooperstown so it would probably be tacky to ask the HoF to buy a piece of history back from them and stick it in a private collection.
I had 5 of this really nice
I had 5 of this really nice Kobe Bryant rookie card. I flipped them after he won his first ring for about $10 each. Thought I was wheeling and dealing.
Today the only cards that have a chance of being worth more than the paper they are printed on are the ultra-premium brands, topps chrome and whatnot. You get about an autograph a box, and usually it's some terrible rookie that will be in the league for 2 years.
I do miss it though, it could be fun now that I have a little more income. Just reallocate some funds from the blackjack slot on the budget...
I think both cards &
I think both cards & collectibles are fun strictly as a hobby. Everything is just so diluted now and the prices are insanely low. I belong to the same country club as Johnny Bench - the guy is a legend and in the HOF but even his stuff can be had pretty cheaply. He does some charity stuff around the club where you can buy his autograph on a bat AND ball for like $150.
Pete Rose is the same way where he basically signs every day in Vegas and those schmucks walk away thinking they just scored without realizing he must sign thousands of items/month.
RatinaMaze wrote: TonyPerkis
RatinaMaze sucks
as does your mom
I wish i had more credits so I could diarrhea all over you
Don't you know that everything's on fire
I just HAD to try the
I just HAD to try the top-quality heroin, now I can't use the cheap stuff anymore and it's eating my life savings. Got so bummed out I started drinking.
Buying college books at the
Buying college books at the bookstore.
AlsatianCousin wrote: Buying
Buying college books at the bookstore.
Get out of here with that pussy shit bro...
^ Damn, whodi.
^ Damn, whodi.
Every time I decide to go to
Every time I decide to go to Atlantic City.