This Mistake Cost Me Nearly $1 Billion – Don’t Let It Cost You Financial Freedom

This Mistake Cost Me Nearly $1 Billion – Don’t Let It Cost You Financial Freedom

Getting wealthy is a strange journey…

It’s almost as if the universe wants to see if you’re worthy. Because it will continue to throw obstacles in your path to blow up your future wealth.

I had to overcome those obstacles in the 1990s and 2000s when I made the two worst financial decisions of my life. Because of them, I left nearly $1 billion on the table.

If it weren’t for these two terrible decisions, I’d likely be ranked among Forbes’ list of the wealthiest people in the world. (More on that below.)

But I let the opportunities slip through my fingers… And I’ve been kicking myself in the behind ever since.

In 1991, I was a young and inexperienced investor. But I knew computer stocks were the future. So I took positions in Microsoft and Oracle.

I had bought these names in 1991 when they traded for the split equivalent of pennies.

But boy, did I sell way too early…

Three years later, the Federal Reserve doubled its key interest rate. When the Fed raises rates, high-growth stocks like tech fall in price.

Tech stocks measured by the Nasdaq Composite Index dropped roughly 14%. Microsoft and Oracle fell as much as 28% and 30%, respectively, during this time period.

Despite my research telling me to hold on to these stocks, I did what young and inexperienced investors do: I panicked and sold Microsoft and Oracle at the lows.

That decision to sell Microsoft and Oracle early has haunted me for nearly 30 years. Had I just held on I would’ve made well over $20 million before the age of 30.

I then made another mistake that ended up costing me over $700 million.