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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

What's your worst trade ... ever?

creepycougcreepycoug Member Posts: 22,928
edited May 2022 in Tug Tavern
I paid too much for my Chelan property years ago and it still hasn't recovered to the original purchase price. Although I get unsolicited letters and inquiries from people wanting to buy it all the time now. Today, more than 10 years later, I might be at par.
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,350 Founders Club
    Jay Buhner
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  • creepycougcreepycoug Member Posts: 22,928
    RaceBannon said:

    Jay Buhner

    Take it to the baseball board.
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  • BennyBeaverBennyBeaver Member Posts: 13,346
    Jim Mcilvane
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  • creepycougcreepycoug Member Posts: 22,928
    Please don't make me access my powers. Benny, you're on probation. Maybe even double secret probation. I can't confirm or deny, or it wouldn't be secret.
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  • RedRocketRedRocket Member Posts: 1,527
    RaceBannon said:

    Jay Buhner

    Buhner was a good prospect, no question about it. But my baseball people loved Ken Phelps' bat. They kept saying Ken Phelps, Ken Phelps.
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  • creepycougcreepycoug Member Posts: 22,928
    RedRocket said:

    RaceBannon said:

    Jay Buhner

    Buhner was a good prospect, no question about it. But my baseball people loved Ken Phelps' bat. They kept saying Ken Phelps, Ken Phelps.

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  • RedRocketRedRocket Member Posts: 1,527
    When buying the dip earlier this year I decided to get cute and hedge with some puts on the Russell. Was only a few thousand dollars but it went down the drain in a matter of weeks so felt like I just lit it on fire. That's what I get for betting against America.
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  • creepycougcreepycoug Member Posts: 22,928
    RedRocket said:

    When buying the dip earlier this year I decided to get cute and hedge with some puts on the Russell. Was only a few thousand dollars but it went down the drain in a matter of weeks so felt like I just lit it on fire. That's what I get for betting against America.

    @doogie says don't fight the Fed. you fought the Fed.
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  • dncdnc Member Posts: 56,614
    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.
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  • creepycougcreepycoug Member Posts: 22,928
    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,350 Founders Club
    creepycoug said:

    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
    I didn't run out of money I ran out of time

    Sounds like @dnc was able to make the payments to get above water

    Nothing is a sure thing past death and taxes

    I think its insane to buy a house today but the market disagrees so far

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  • creepycougcreepycoug Member Posts: 22,928
    RaceBannon said:

    creepycoug said:

    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
    I didn't run out of money I ran out of time

    Sounds like @dnc was able to make the payments to get above water

    Nothing is a sure thing past death and taxes

    I think its insane to buy a house today but the market disagrees so far

    Other than maybe if you're in already and you trade up with free money (<3% 30-year money). That's what I've been contemplating.
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  • dncdnc Member Posts: 56,614
    RaceBannon said:

    creepycoug said:

    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
    I didn't run out of money I ran out of time

    Sounds like @dnc was able to make the payments to get above water

    Nothing is a sure thing past death and taxes

    I think its insane to buy a house today but the market disagrees so far

    Yeah I'm in much better shape now.

    Had I not refinanced 5 years ago I'd be halfway through this damn mortgage.

    Next worst decision I ever made was not getting a 15 year mortgage. Never again.
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  • RedRocketRedRocket Member Posts: 1,527
    creepycoug said:

    RedRocket said:

    When buying the dip earlier this year I decided to get cute and hedge with some puts on the Russell. Was only a few thousand dollars but it went down the drain in a matter of weeks so felt like I just lit it on fire. That's what I get for betting against America.

    @doogie says don't fight the Fed. you fought the Fed.
    Yeah and this reminds me about one of my other bad trades this year where I bet against junk bonds by taking out puts on HYG. The FED ended up injecting over $1B into Bond ETFs. Anyways I got to watch the FED tank my position in HYG as they dumped over $100M into the ETF that I was actively betting against.
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  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 104,350 Founders Club
    dnc said:

    RaceBannon said:

    creepycoug said:

    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
    I didn't run out of money I ran out of time

    Sounds like @dnc was able to make the payments to get above water

    Nothing is a sure thing past death and taxes

    I think its insane to buy a house today but the market disagrees so far

    Yeah I'm in much better shape now.

    Had I not refinanced 5 years ago I'd be halfway through this damn mortgage.

    Next worst decision I ever made was not getting a 15 year mortgage. Never again.
    With mortgage rates no reason not to go 15 years
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  • creepycougcreepycoug Member Posts: 22,928
    edited January 2021
    RaceBannon said:

    dnc said:

    RaceBannon said:

    creepycoug said:

    dnc said:

    Bought my first house as a 25 year old bachelor in March, 2006. Way more house than I needed.

    Was upside down in that thing for a long, long ass tim.

    So much for "you can't lose with real estate."
    I didn't run out of money I ran out of time

    Sounds like @dnc was able to make the payments to get above water

    Nothing is a sure thing past death and taxes

    I think its insane to buy a house today but the market disagrees so far

    Yeah I'm in much better shape now.

    Had I not refinanced 5 years ago I'd be halfway through this damn mortgage.

    Next worst decision I ever made was not getting a 15 year mortgage. Never again.
    With mortgage rates no reason not to go 15 years
    When I bought my second house, I was a smidge over my head, and in 2000 the rates were in the high 7s and low 8s. Several years into it, they moved down into the 5s and the refi parties began. I waited and one day our CFO, who knew I was looking, called me and said the mortgage guy we both used would do a 4.5% at 15. A 15 was a pipe dream up to that point, so I did the payment calculation, said "yep" and called him. Best thing I ever did. Had that house paid off by my early 40s.

    As rates went below 4.5, the remaining balance didn't justify the upfront costs of a refi, so I just rode it out.
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  • HoustonHuskyHoustonHusky Member Posts: 5,961
    The rational side of me agrees wholeheartedly with the idea of paying your house off, not buying in this market, conservative mortgage, etc.

    The sad part of me thinks that rational logic gets screwed...you print money year over year and asset prices go up. Those people get screwed, and the folks that ride that monetary wave up are the ones that own/lever-up to own assets.
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  • Blu82Blu82 Member Posts: 1,562
    I was part of a startup that went public in 2004.
    ASAP after the IPO, I sold the stock as fast as legally possible.
    This move cost me more than I can imagine over the past 16 years.
    However, I have complete peace of mind and retired at 45.
    Since I'm lead a fairly conservative lifestyle I'm able to spend my time and money changing the lives of others.
    Essentially, I traded for lifestyle.

    Comment on this if you like. I'm always curious about such things.
    All opinions presented respectfully are always appreciated.
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  • creepycougcreepycoug Member Posts: 22,928
    CuntWaffle said:

    I bought like 20 king size snickers bars for 25 cents a piece in High School and was hoping to sell them for $1 a piece to people. I left them in my car that day during baseball practice and it was 80 degrees out. They all just got decimated, I was fucking pissed at the time and still kind of am.

    It involves profit and loss. I'll allow it.
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