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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Your Worst Deal...? Posted by MikeLV on November 19, 2009 at 1:44 PM In Reply to: Your Worst Deal...? posted by Jose M on November 18, 2009 at 2:47 PM : I've been lurking for awhile now and have found this forum to be invaluable. Thank you Ward! I plan on taking your training BEFORE I start in the game. : I thought it might be an interesting exercise to have those that wish, post about their WORST deal. I tend to learn best from my mistakes...any one else? So how about it...? : What was your worst deal? Why? : What did you learn? What did you do differently after that? My worst deal: Put all of my nest egg (~$500k) into a partnership in 2006. Said partnership would enable us to borrow/leverage $150MM at LIBOR rates. Our sponsor was Bear Stearns. UGGGHHHH!!! Did not think it would take everything I had. Losing everything when you're in your 20's or 30's or even 40's is hard enough. I am a bit older. Why was this the worst deal? It cost 3 precious years. It sapped my energy too. RULE: Don't put all your eggs into a basket you don't already own. As I await the end game . . . Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I've been lurking for awhile now and have found this forum to be invaluable. Thank you Ward! I plan on taking your training BEFORE I start in the game. : : I thought it might be an interesting exercise to have those that wish, post about their WORST deal. I tend to learn best from my mistakes...any one else? So how about it...? : : What was your worst deal? Why? : : What did you learn? What did you do differently after that? : : My worst deal: : Put all of my nest egg (~$500k) into a partnership in 2006. : Said partnership would enable us to borrow/leverage $150MM at LIBOR rates. : Our sponsor was Bear Stearns. UGGGHHHH!!! : Did not think it would take everything I had. : Losing everything when you're in your 20's or 30's or even 40's is hard enough. I am a bit older. : Why was this the worst deal? It cost 3 precious years. It sapped my energy too. : RULE: Don't put all your eggs into a basket you don't already own. : As I await the end game . . . [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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