Last night I did something absurd. Let me start by saying I’m an accountant to the “T.” My two brothers are accountants as well but we like to throw down on the weekends. The only thing we don’t throw down or around is money $$$. My father has always been an impulsive spender and that experience left my brothers and I burned during our childhood. When I was 22, I lost $2K via an inside scoop from my father. It was some diabetes drug that was a “sure thing” to earn FDA approval.
Fast forward, I save almost 40% of my money after taxes. I have vowed never to change my lifestyle no matter my job. My wife and I drive old used cars with AWESOME gas mileage. I threw up all over the passenger seat once and I won’t even replace the car seat cloth (I sterilized it, I’m civilized). Running is my sport not just out of love but I’m also proud of how cheap it is.
Heard about the Game Stop craze? Everyone probably has by now. Well, I had been reading about it all night on Thursday thinking these guys are idiots. It’s definitely a good shorting opportunity at this point. The value of the future income is so far below the stock price, astronomically. Anyway, I saw someone post about Dogecoin, a cryptocurrency. I said well let me try to put $50 in and maybe catch the rollercoaster on its way up. Exciting, I had gained 15% in a matter of a few minutes.

Guess what happened next? Well, why not $500. I spent the next two hours waiting till it went back up to my buying price so I could sell!!! It is now 30% lower than what I bought it at. I have invested in stocks before but they were reliable companies. At this point, I will only touch a total market index fund. This crypto could be $0 tomorrow and you’d never know. Sure, maybe I overreacted because I’m me.
Moral of the story is, if you like risk, run an ultra-marathon! COVID-19 stock market binges should not be your adrenaline rush. I learned my lesson. . .








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