Quote:
Originally Posted by Lester Burnham
My best investment decision is also my worst investment decision. I worked at a start-up VERY early and got a ton of stock options. I exercised about $10,000 in shares at about $0.10 a pop about 10 years ago. The start-up is now a nicely sized company that prints money. I've received about $450K in dividends. Though the company is still private, shares I own are probably worth about $2.00/share. I'm praying they sell the company soon.
On the downside, I had the opportunity to buy many more shares. If I had bought more, I'd be a millionaire. But when I bought the shares for $10K over 10 years ago, I was like, "damn...that's a lot of fucking money....I'm not spending $30K on this..."
So on one hand I'm happy, but on the other hand I'm like "daaaaaamn, I should have bought more!"
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I know how you feel. Several years ago I bought some land in the southern part of my state. It was one of those deals where you get it really cheap, but it is very undeveloped. I bought it as something that maybe I would use in the future, if nothing else put a small cabin on it and have a little place to get away from it all.
About five years after I bought it a development company bought it from me (and they bought all the land around my parcel as well) to put up a hotel/resort. They offered me 5 times what I paid for it which was far more than it was worth so I sold and was happy with my profit.
3 years later the resort is being built and another company puts a golf course in. It turns out that course is made by a big name designer and when it is done is one of the best courses in north american. So this place turns into a real hotbed for affluent golfers to travel to. That piece of land would have then been worth about 100times or more what I paid for it. So I made a nice profit, just not an obscene one.