This mindset gets a lot of people in trouble when they put their money in stocks. Had a co-worker that held onto to Nortel long after it crossed $100 per share because it was supposed to go higher. Was counting on Nortel stock to finance a good chunk of his new home. Panic sold the stock when it dropped like a rock. Still renting an apartment as far as I'm aware.
I changed my major in university too, invalidating the RESP my parents had set up to pay for my school. Had to pay the last two years myself with student loans and summer jobs, instead of covered by the resp, but switched to a program and career I much preferred. Cost me probably thirty grand.$15 000 for my first year post secondary.
I dropped my original program to switch to a new one but didn't get residence fees or 1st semester fees back even though I dropped 6 weeks in.
So what I did for school in meantime was the only available, but utterly useless certificate to get me into university this year.
So for textbooks, tuitiom, and residence that's a little above 15k.
Then there's all the wasted expenses living that year when I could have been in a relevant program. So we are looking at like.....30+ thousand.
Lesson learnt
Greed, probably worst of the 7 deadly sins.
Ha-ha. You're not the only 'bonehead' around here, but you'll have to share a few more details if we're to feel your pain and learn from it.
let just say I lent it to a female friend, who I didn't know all that well. We'll leave it at that...
Isn't it wonderful, money is one of the best ways to get the truth out of people. At least it may have saved you potential wasted time with this "friend". Time is more precious than money in this world...
