investing

6 personal tales of bad financial decisions

Recovering from financial folly
Recovering from financial folly © Wavebreakmedia/Shutterstock.com

Most of us have done it at some point in our adult lives: Made one (or more than one!) really bad financial decision -- the kind of decision that, in hindsight, is so blatant we wonder how it ever happened.

There is the credit card debt kind of mistake that takes years to build. Or, there is the investment scam we sunk a big chunk of money into without fully vetting.

A bad financial decision also could be the result of a toxic relationship that sucks the joy out of life and the money from your bank account. While money mistakes can be costly, they also can be eye-openers. Here's how six people describe their own bad financial decisions and what they've done to move forward.

advertisement

          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

CDs and Investment

Suffering from annuity anxiety?

Dear Dr. Don, Is it wise to invest $10,000 in a fixed annuity at a rate of 8 percent for a 10-year period? With this fixed annuity, the money cannot be taken out until after the 10-year time frame is up. Please let me know... Read more

advertisement

Blog

Dr Don Taylor

Daily market volatility? No big deal

When investors own a dividend-paying stock, they receive the dividend payments over time but don't realize any capital gain yield on the stock until the position is sold.  ... Read more

Partner Center
advertisement

Connect with us