BY ILYCE GLINK
How do I forgive myself for a dumb financial decision? I’m 56 with no debt since I turned 50. I plan to retire at 60 and I have a nice nest egg. I grew up in a family that had a history of poor financial decisions (buying into MLM schemes, timeshares, huge credit card debt, bankruptcy filings), and I was determined to do better, but I had to learn along the way on my own. I am overall very proud of what I have accomplished.
In my late 30s, a trusted friend told me about his investment in a pharmaceutical company. I invested about $150,000 into it. Well, 20 years later the company has folded, and I lost all of my money. I keep perseverating about my choice and cannot forgive myself. I think about how I could have been smarter with my money. I’m so ashamed and can’t move on!
—Can’t Forgive or Forget
https://slate.com/advice/2024/05/bad-investment-business-failure-friend-personal-finance-advice.html