I don’t normally dwell on failures to act but there are two instances that come to mind that really bother me and both are financial in nature. I am by no means wealthy. As a matter of fact, I was just telling some friends over the past day or two that it’s actually paid to be considered poor this year. The government has insisted on throwing money at me. It may go against my principles but I’m also not stupid. If they insist I take it, so be it.
My regrets however center on two failures to act that would have made me anything but poor. The first happened when I did not invest in Apple back in 2001 when I inherited a nice but fairly small chunk of change. With Apple stock trading at about $7.50 a share back then, my net worth had I left it untouched over the years would be well over a $1million today. And the thing that makes me chuckle about it is that I told my much more financially savvy buddies that I thought Apple would explode and they only laughed at me. One of them did at least.
My second regret comes from just last year and my failure to to act invest a much smaller sum I had gotten in a legal settlement in Ethereum. I just had a feeling that crypto currency was due to take off, especially with what was happening with BitCoin. Last year in March, Ethereum was trading at roughly $100. Yesterday it peaked at $2100. It’s almost impossible to find something that will give you a 21x return in just over a year.