Originally Posted by koncha
Remind me to tell you the story about a study group partner in college that tried to convince me to take all of my student loan, scholarship, and grant money and purchase some put options on AOL/Time Warner when it was trading at $750 or so a share.
I bought a Tacoma instead.
He retired. At 23.
Had bought quite a few shares of Apple at $66 a share, sold it at $99, thought I did ok. That was just before it skyrocketed to $400.
To top it off, I sold it one of two days before it's 1 year period and had to pay higher tax on it. My wife still is mad at me about that. Kramer made me do it!