HomeFinanceMy biggest financial mistake: FT readers’ stories

My biggest financial mistake: FT readers’ stories

This is it? I made every possible mistake in personal finance:

(1) bought a new car at age 19 with my first meagrely paid job per via a car loan

(2) didn’t [save] and invest a portion of my monthly pay cheque throughout the first 12 years of employment

(3) bought a timeshare at age 22, had to finance it through a personal loan. Never vacationed in it

(4) invested most of my disposable money in shares of the company I worked for (a big bank) all the way through the financial crisis

(5) did not buy bitcoin after hearing about it in 2012

(6) sold all my Tesla shares in spring 2020 because price had run up nicely (before the 5-1 split)

(7) sold most equity holdings in March 2020 and didn’t come back until recently

(8) saw the great opportunity in precious metals in the summer of 2020

Good luck beating this. — Steph. M 

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