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ihavereturned's avatar

What was the riskiest move you made that paid off?

Asked by ihavereturned (711points) January 1st, 2020

Always interested in hearing these stories from the more experienced.

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12 Answers

janbb's avatar

Getting into that car! (I met my future husband while hitchhiking in England.)

KNOWITALL's avatar

I stayed at a job during the financial crash of 2008, when everyone jumped ship. Also I havent cashed out my 401k all these years like many people do.

LostInParadise's avatar

I am highly risk adverse. The one risky thing I did was buy stocks in Apple many years ago. I heard good things about the company, but the stock value was low after Steve Jobs left. Jobs returned and I figured this was a good opportunity. I determined the most I could lose without being ruined, which at the time was a few thousand dollars. Over the years the stock has done very well, and at some point I had the dividends automatically reinvested.

JLeslie's avatar

Buying a condo when the market was going up. My husband didn’t want to do it. We sold just in time before the market dropped. We made about $50k.

Moving to Florida felt risky. I had just graduated college and my dad was telling me not to go.

I guess I associate the most risk with having the courage to move forward when people around me are against it.

Although, I guess the riskiest really was getting into someone’s car when the battery had died in my car, and I also got into a car with two men when I was a very little girl because I had missed the bus. Both times I knew I shouldn’t get into anyone else’s car.

@KNOWITALL I found out recently that a lot of people cash out their 401k before 59½ and I was stunned. For the life of me I can’t understand except when in very dire circumstances. It’s still not the majority of people who do it, but more people than I would have guessed. It’s not risky to keep the money in a 401k, it’s foolish to pay the penalties.

Sagacious's avatar

I make quite a little bag full on penny stock one time..One time only. I took my loot and went home. :)

ihavereturned's avatar

@janbb beautiful :)

@KNOWITALL why would everyone jump ship at a time like that?

@LostInParadise WOW I wish I had done what you did. I’ve been an Apple fan for most of my life, but I was too young to understand stocks when I was obsessed with the company. Good move. I have a new company obsession tho ;)

@JLeslie how did Florida pay off?

@Sagacious nice!

ihavereturned's avatar

@LostInParadise how much did you gain? (%)

KNOWITALL's avatar

@ihavereturned Layoffs mean more work for the same pay.

JLeslie's avatar

@ihavereturned Florida turned out great. I consider myself a Floridian now, even though I have left and moved back to Florida three times. I met my husband in Florida. I love the warm weather, sunshine, and palm trees. Florida feels most like home for me.

RabidWolf's avatar

A reminder first: I’m pushing 60 and I’m disabled. I stood up to some asshole trying to bully a woman who was also in her 60’s. I backed him down and I have to tell you, folks, it felt fucking great. to make this creep look like a coward. I think what pissed him off the most was not that I dared to get involved, but I had called him an asshole and I laughed at him. That he a man 6 ft plus, backed down from a man 5.7. Was I bluffing? No. I felt all that old raw energy flowing, I had already pinpointed his weak spots. Besides the one above his neck of course.

LostInParadise's avatar

@ihavereturned , Over the the course of over 40 years and including new shares bought with dividends, the value increased by a factor of two orders of magnitude.

ucme's avatar

Riverdance!

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