Reverse Carnival – Submit Your Money Mistakes!

February 7, 2006 By Jonathan Ping 10 Comments
My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

After I revealed some of my previous money mistakes, I noticed so did Hazzard and Madame X. Is it bad that I enjoyed reading them? So I’ve decided to hold a Reverse Carnival, where instead of submitting financial tips, everyone submits their own money screwups. Buy Enron at the peak? Bet your net worth on black and lost? Let’s share in the misery. Non-bloggers welcome, just submit them here by next Tuesday. Spread the word – money bloggers reveal bonehead moments!

Filed Under: General
Last updated: January 29, 2012
My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

User Generated Content Disclosure: Comments and/or responses are not provided or commissioned by any advertiser. Comments and/or responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

  1. Cap says
    February 7, 2006 at 2:07 pm

    ooh good idea.

    I’ve half-written like a few mistakes already.. I’ll be sure to submit one by next week.

    I think I can keep ’em coming too.

    Reply
  2. Madame X says
    February 7, 2006 at 2:29 pm

    Great, we all need a Carnival of Schadenfreude!

    Reply
  3. Dan says
    February 7, 2006 at 3:43 pm

    OK, here’s my worst. I almost didn’t put my name on this post 😛

    It’s 1999. I just started my first real job in my career. I don’t know crap about money or investing, but friends are making bookoo $$ in the “different this time” stock market, and I finally have some dough saved up so I want in. “Just get some mutual funds,” they say. “It’s easy.”

    Not knowing squat about mutual funds, for further advice I go to (dunce cap velcroed on for this one) my bank.

    Arrgh!

    Wachovia Securities is more than happy to bend me – er – help me get started in my investing career. It so happens that their “advisor” sells a lot of funds to folks my age from the Evergreen “family” of funds. All with friendly 2%+ ER’s, 1% 12b-1 fees, and 5% back end load. And $50 automatic investment were set up from my savings each month (which I would later find out made calculating my cost basis even more fun!)

    I remember the rep’s pitch that “I even have one client who’s told me she’s chosing to finance her car longer just so she can keep more money in these funds, because it’s worth it!”

    At least it’s some consolation that I didn’t sell during the lowest part of the bursted bubble.

    After giving myself a very needed crash-course in investing just last year, I finally sold these funds after the very day after the six-year anniversary to avoid the load (which really accomplish much in retrospect because of the 12b-1 negated the 1% decrease in load each year).

    At least I’ll have a loss to deduct for a couple of years…

    OH THE SHAME!

    Reply
  4. Jonathan says
    February 7, 2006 at 8:28 pm

    “OH THE SHAME!”

    “I think I can keep ’em coming too.”

    You guys crack me up, LOL…

    Reply
  5. jim says
    February 7, 2006 at 9:15 pm

    I started a brief series about all the mistakes I made in my homebuying process… I sent you what I think was the biggest error.

    Reply
  6. Dan says
    February 8, 2006 at 8:23 am

    Crap, that’s what I get for not reading the instructions the whole way through… Just copy/pasted to the page where I was supposed to submit it, sorry.

    Reply
  7. Jonathan says
    February 8, 2006 at 11:48 am

    No worries =)

    Reply
  8. Hazzard says
    February 8, 2006 at 1:27 pm

    I’m assuming you’ve got what you need to include mine? 🙂
    Thanks Jonathon!!
    Hazzard

    Reply
  9. Canadian Capitalist says
    February 10, 2006 at 6:11 am

    Hi Jonathan:

    Here are my money mistakes:

    http://www.canadiancapitalist.com/2006/02/09/my-money-mistakes

    Reply
  10. Dave says
    February 14, 2006 at 3:40 pm

    Did you get mine? I thought it was going up today?

    Reply

Speak Your Mind

*