I began investing many years ago. LEARNED a lot but ultimately was red and too many other things going on to be investing so I stopped. Fast forward to now and I've been looking for other ways to make additional income. I started a website about a month ago yet was tempted to begin trading again. I thought to myself "I'm in a much better place right now in all aspects of my life and I was always good at picking stocks...just a dumb ass at selling them". I started with some good rules that I unfortunately violated (again like a dumb ass) and ultimately lost $14k EVEN after being up $12k within a short time of trading again. At first I lost $7k and now the total is at $14k. I am completely out. I could maybe make it back but the stress of buying, checking my account etc are TOO MUCH. So I am gracefully bowing out. You won market. No more penny stocks for me.
A little bit about my situation...I make $65k a year with a supposed raise coming this May and she makes ~$35k a year (she could make more but works part-time). We have a lot of equity in our home and savings close to $60k. I just feel terrible towards her and my children. At first I said to myself that I'll pay it back (we are allotted $250/month for ourselves) in full without telling her. Which I have no problem doing (paying it back) but would take some time (just under 5 years). However, the guilt is overwhelming. I have been sleeping a lot lately and she asked if I should go see a doctor. I've also easily lost 10 lbs. I can manage but deep down inside am not happy and it isn't fair to her or my good children. Damn, I wish I could roll back time.
My suggestions or thoughts to her to help her feel better are as follows (don't get me wrong...these are things to share with her after she expresses her emotions to me and makes her own suggestions, I just don't want her to think I have no ideas):
- I can try and manage a night shift job were I calculated I could easily pay it back or most of it by end of the year
- She can just have my $250 for the next 5 years
- I can sell some possessions and gather around ~$2,000
- We were going to buy a truck for me next year when our 3rd child comes but I could hold off for a couple of years
- If we get the truck next year, I can pay towards it with my personal budget monthly
- Work Saturdays while using my budgeted $250 to pay it back (which once the justified anger wears off I doubt she will want because she would prefer to spend time with me and the kids
- Get another job where I could probably make close to $75k (although not sure if that would be put towards my mistake)
- Get a home equity line and take 10 years to pay it off (would have to research this more)
I just feel like shit. I don't like to have any secrets from my wife. If I lose $40 in poker I feel like shit.
Submitted May 04, 2017 at 03:46PM by allllllllrightythenn http://ift.tt/2pKQxza
