Comments on: A User’s Guide: How to Gamble in the Stock Market and Lose Everything

By: Kalen Houck

Kalen Houck — Tue, 20 Sep 2022 13:33:11 +0000

In reply to Katie @SolopreneurCafe. Index funds were like the recovery wing of gambler's anonymous for me! I owe a lot to the abundance of those index fund infographics lol

By: J. Money

J. Money — Tue, 20 Sep 2022 11:11:22 +0000

In reply to Jim. Love that 5 year strategy, Jim!

By: Katie @SolopreneurCafe

Katie @SolopreneurCafe — Tue, 20 Sep 2022 04:39:15 +0000

I was so worried that you were going to commit financial infidelity for a moment there! Anyway, I’m pretty sure we all make an expensive mistake like this. Some of us made two. Ahem. Then along comes a really solid, trustworthy infographic about index funds, so you lick your wounds and hop back in :)

By: Kalen Houck

Kalen Houck — Tue, 20 Sep 2022 03:30:57 +0000

In reply to Dahliagirl. It was great education! Not fun, but it taught me a lot about my propensity for those delusions of grandeur you mentioned. If my story can save just one person from a seedy motel seminar, my work here is complete :)

By: Dahliagirl

Dahliagirl — Tue, 20 Sep 2022 01:59:37 +0000

I loved your post. It was a really fun read, and so relatable. It is silly how much we let future hopes and delusions of grandeur dictate our present behavior and override our “common sense”. It sounds like you got a good education in life. Next time I find myself at a seminar at a seedy motel, I will think of you and leave ;)

By: Kalen Houck

Kalen Houck — Mon, 19 Sep 2022 21:17:09 +0000

In reply to Jim.

That’s a great philosophy — and really cuts out all the noise of “shiny object syndrome”. I’m slowly maturing into that philosophy as well!

And thank God for prudent wives — she’s saved me from more heartache than I know!

By: Jim

Jim — Mon, 19 Sep 2022 20:44:49 +0000

Great post Kalen, It is eerily reminiscent of my life. I also have the prudent wife, whose happy with the simple life, while I have to be the one to complicate things. Though in my older age (51) I ‘ve been more content, and better able to recognize the value simplicity… If I can’t invest in something ‘passively’ for 5 years or more, I’m not interested, that’s kinda my philosophy these days!

By: Kalen Houck

Kalen Houck — Mon, 19 Sep 2022 17:52:49 +0000

In reply to Impersonal Finances.

Totally agree — humility is everything in the stock market! Knuckleheads like me have to learn the hard way :)

And yes a supportive spouse made ALL the difference, for sure. 100%

By: Impersonal Finances

Impersonal Finances — Mon, 19 Sep 2022 17:04:30 +0000

I think everyone needs to learn from that first bad experience and get humbled a bit before they’ll have any chance of future success. For me, it was $500 on penny stocks! Though I still jumped in after meme stocks this last go round haha. Lucky for you to have a supportive partner along for the ride!