GF¢ 011: The 5 Worst Investments I’ve Ever Made

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Welcome!  

This podcast is the introduction to my next big blog movement:  Operation: #investNOW.

There’s much more to come on this so stay tuned.    To kick it off I wanted to share with you the 5 worst investments I’ve ever made.

Think every investment I’ve made has made me money? Think again!

Some of these are downright pitiful.

the worst investments

The 5 Mistakes You’ll Learn

  • Investing into stock that I really didn’t understand
  • Over paying for a custom brochure that lead to zero new business
  • Getting suckered into two multi-level companies
  • Dumping $5,000 into penny stock (and lost my arse)
  • Sinking $8,000 into an online business venture that I didn’t make a single dime from.

Be sure to check out Operation: #investNOW.

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Comments | 4 Responses

  1. Kyith says

    i think your main problem is that you are treating less than 5 years of good performance as your ‘EDGE’ while people can be lucky 5 years in a row.

    Sometimes we have to concede that we are just not good enough active managers around.

    • says

      @ Kyith I guess I’m not following you. Did I mention something about this in the podcast? I was sharing some of my bad investments not anything I made money on in the past 5 years.

      • kyith says

        Hi Jeff, there is a relation to why i reference 5 years. I listen to all your podcast not just here but at Todd Treissder and Entrepreneur on Fire and that i know you are pretty big on active management and peer to peer lending.

        while highlighting caveats like this is extremely good, there is a concern that even for those more successful deals can originate because more of a luck factor (due to a rising tide) rather than the “EDGE”

        by only doing it more than 5 years consistently gaining good result perhaps we can lay it down to competence.

        the same for peer to peer as the better default result can be a manifestation of folks facing less problems. that could be rather different when another receission comes.

        it will be good also to cover the different time cost required to gain a certain level of competency to consistently not make such problems.

  2. says

    Hey Jeff,

    Thanks for sharing

    I’m not sure if it was this episode or not but I have the same issue with wanting to jump head first into things. I need to do a better job with due diligence some times.

    Frank

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