My history of money managing is not a good one. My first mistake was becoming a salesman what with the ups and downs inherent with that occupation.
My first serious venture was when I was in the Mortgage lending business. Back when it had rules and quantifying standards. In 1986, during the refinancing boom, I sold my stock that I had paid $500.00 for, in 1964, in1986 for $30,000. Not bad, right? then I cashed in the $15,000 I had accrued in my 401k at Seafirst Bank.
Bank of America had bought out Seafirst and crowded out the trained loan officers of which I was one. Easy street, right? In everyone's life there is a turning point. A place where you make decisions tha affect the rest of your life.
My friend and I decided to form our own mortgage brokerage. Signing a three year lease on a fancy office, I had it made. Uh-oh, the Spring of 1987, was a financial disaster. Later I learned that it was a full blown recession, which followed the recovery of 1984-86.
Disaster struck and I was once again broke. I moved to North Idaho in the summer of 1989, a failure in the money game. Flashing to the present, I once again screwed up.
What with Washington and Colorado legalizing pot, weed, Ganj, I should have immediately bought stock in KFC.I didn't. With pot smokers everywhere on Marijuana I didn't realize the massive food trips many would experience. KFC stockholders are winning big, and here I sit, broke once again. I guess I just wasn't cut out to be an investor.