My one big regret...
Around 1979-80 I was working in Los Angeles when a former college hockey teammate who had become a stock broker called me and another friend and asked us if we wanted to make an investment in what could be a very lucrative company. We had already given him a little bit of money and he got a good return for us on some Bally stock (just before Atlantic City took off) but at the time I really didn't feel like I had an 'extra' money to hand over to an investment. After all, I was working in high tech and the PC revolution was picking up speed and I thought, well, I will be a millionaire before 30, so who needs any investing now.
I didn't invest any money that second time and passed up the opportunity to back a small company then headquartered in New Mexico. That company was called Microsoft.
About four years ago my son had a project for his high school math class and he decided to figure out what I would have made by age 30 if I had sent the same amount I had invested in Bally. I would have made 16.5 million dollars by age 30.
My stock broker friend did invest and retired before 30, and I am very close to double that age still working.
Its been a good life and career, and this has always been my one and only big regret.
There's no such thing as dumb questions, only poorly thought-out answers...