Have you ever lost so much money you throw up?
 

....it happened to me yesterday.

DogFarm is involved in a real estate workout on some land. He just saw $1.7million dollars dissapear. After the meeting with the attornies he went outside and as he was getting into his car and he threw up next to it. Then he threw up again.

Funny, it's just "equity" it's just "digits" I never even got to spend it (and I can still pay my bills and won't lose the primary residence and I will live to fight this battle in round 2), but for the record, it still hurts like I have never been hurt before (I'm only 34).

The worst part is that the people who owe me the money were at the table and they just don't want to pay up. DF fulfilled his part of the deal, but not them. I could have ****ing killed them and if we had been in a field instead of an arbitration room...

Instead he went home and cried. The good news is that DogFarm's chick knows he was struggling and she's hanging in there as is the dog.

And any MSM newscaster who thinks the housing market is getting better needs to get his head checked. Needless to say, my appreciation of gold is strengthened as we go into this recession.

excuse me, just thinking about it makes me want to cry and barf. i just need to be alone. I'm going to sign off now and eat some soup.

Re: Have you ever lost so much money you throw up?
 

Never had enough to do that, although I do get queasy signing any kind of loan. Good luck on round #2

Re: Have you ever lost so much money you throw up?
 

Maybe Dogfarm got into some chocolate? :bear_tongue:

Joking aside, that sounds pretty painful. It's kind of like the woulda/shouldas people muse about that they didn't act on, only yours was a real experience. Glad you've got someone to comfort you and some gold to keep you centered! :smile:

Re: Have you ever lost so much money you throw up?
 

Dogfarm, I was there last 12/14. I woke up to a call from my attorney saying that the US Mint had shut us down. Caught me with my pants around my ankles. I had 100 tons of "product" (copper pennies) that had been delivered to a smelter... and on which I never received payment. That was $300,000 face value - melt value was @ $560,000. I eventually got paid face value, but then my "partner" melted the 100T (illegally) and pocketed the entire $260k profit.

Yeah... I've wanted to barf.

Re: Have you ever lost so much money you throw up?
 

I remember when you shared your story, SLV. Made me feel a little sick just thinking about it. :no_ma:

Re: Have you ever lost so much money you throw up?
 

I've learned that the worst thing that can possibly happen financially is bankruptcy, and that hasn't been as bad as I thought (although it did take about 9 months to get processed). My credit is shot for several years, but who cares - I don't have ANY credit now, and I NEVER want credit again.

This would have been easier to handle by myself. However, seeing my wife carry the burden, and knowing I have several kids to take care of has made it more difficult. Life goes on. I'm young, and there will be more opportunities. I'll take my lessons with me and build on them.

Re: Have you ever lost so much money you throw up?
 

Sorry Dog. Strike when least expected.

Re: Have you ever lost so much money you throw up?
 

Money makes people do bad things. You have to be an exceptionally good judge of people when you do business with them. I've lost maybe $10-20K because people swindled me - not enough to make me hurl big mucus-coated chunks or cough up brick-sized blood clots; but enough to innoculate away any trust or naivete left in my systen. When money is involved, mamboni goes into hard-nosed scrutiny, "why me, why do you come me," paranoid "I won't get fooled again" mode. And that goes double for family members (mooching bastards)!:bear_w00t:

You are young and have many years ahead - do not let your business dealings ruin your health. Nothing kills the mood at a contract negotiation like someone wearing a drool-cup under his chin, gulping down antacid liquid, suffering from bad hand tremors and little clumps of dried vomit in his beard.

Re: Have you ever lost so much money you throw up?
 

DogFarm needs to shoot some guns........it always make me fell better.

Sorry to hear about it ~ but you're young & healthy and will fair better on the next deal........plenty more chances ahead to recover losses.

psssst.....buy GOLD if you're able. :bear_tongue:

Re: Have you ever lost so much money you throw up?
 

That's ****ed up.

What happened?!

Re: Have you ever lost so much money you throw up?
 

That's what you get for refering to yourself in the third person.....

Just kidding!
Crap story. Sorry that it's happening to you. Hard to tell from internet posts, but you strike me as a pretty good dude.

As far as this comment goes....

Declaring bankruptcy 4 years ago was the best thing I have done financially to date. Wiped out $50,000 in debt, and I'm nearly unaffected by it at all today. I got in before the laws changed.

My current debt consists of mortgage, car and about $700 Amex bill.

Off topic....hang in there DogFarm! Things get better, they may get worse first, but eventually they always get better....

Re: Have you ever lost so much money you throw up?
 

Wow.....Dog......and SLV.....

I really couldn't say in a public forum what I do if somebody came anywhere CLOSE to beating me out of that kind of money.......but it would involve bloodshed.

Hard to believe DEADbeats don't understand that.......

Re: Have you ever lost so much money you throw up?
 

Yep..........hey DEADbeat,.....I want you to meet Mr Smith & Mr Wesson :D

Re: Have you ever lost so much money you throw up?
 

I've never had enough to lose that big. Poor Dog Farm. I know we all feel for you.

Argent Dragon's right. Go shoot some guns...loud ones with a lot of recoil. It always cheers me up.

Re: Have you ever lost so much money you throw up?
 

i've lost $40k in a bad deal and felt pissed off...still do.

Re: Have you ever lost so much money you throw up?
 

DogFarm:

You need to immediately hire an attorney who knows how to work with a private investigator, you need to find out immediately where these people have hard and liquid assets, partnerships, and maybe safe deposit boxes, and file for the court to freeze them. I am taking your word for it that you've fullfilled your end of the contract, it's your right and responsibility to claim what they owe you, even if it's going to cost you, even if you'll probably throw up more going through the legal proceedings, and even if you'll probably get back only a fraction of what you stand to lose.

Remember, dead beats like these are the reason that the US will be plunged into hyperinflation, and it's irresponsible losers like these that's giving more of your liberty to the government everyday by not oweing up to their obligations.

Best of luck friend and please keep us posted. Someone else here ought to be able to give you better suggestions from time to time, and your experience will help us all.

Re: Have you ever lost so much money you throw up?
 

That's a big loss, that must really piss you off. I see red if somebody tries to screw me on 170 let alone that.

I see and learn, from my mistakes and from other people's too.

Dont get ****ed again. Learn from mistakes. You're alive, walk away and move on to the next thing as fast as you can.

At your age, dont be afraid to take risks, just try to manage the risk wisely, and not bite off more than you can really chew.

Re: Have you ever lost so much money you throw up?
 

I had an unreal weekend at the Casino a long long time ago. Started with $50 and just kept winning. I couldn't lose, got an awesome room for the weekend, met some nice ladies and had two unbelievable nights. Sunday arvo I was dead set broke. Had to call a mate to come pick me up as I couldn't even afford the bus fare out of there. I don't know how much money I won and lost but it certainly wasn't in you're league DogFarm (maybe $20k?) but I'm just a blue collar worker who at the time was on the minimun wage. Was I sore at losing so much money? Hell no. The way I see it is that I lost $50 but lived like the king for a brief time. Man I got wood just remembering those ladies :bull-buddy-icon:

Re: Have you ever lost so much money you throw up?
 

Dude you're way too nice. I'd be calling Vito and Rocco to go persuede them.

Re: Have you ever lost so much money you throw up?
 

Sorry, DF.

I say get the most agressive attorney you can find and go after those scumbags' assets!

Re: Have you ever lost so much money you throw up?
 

mamboni"s post of the negotiating table brought back visions of reagan. been a wild ride for me all my life with the money, i've lived in the sally army shelter, a paid for home, a 1971 buick, coupla campers, now renting a place in vancouver wa. just keep plugging away. surprises are to the upside for me, just have to stay out of my own way. good luck dog, tommorow is another day," illegetime non carbarundum"

Re: Have you ever lost so much money you throw up?
 

Something about your post just cracked me the hell up. :congrats::laugh::rofl::rofl:

Re: Have you ever lost so much money you throw up?
 

Shattered dreams are not fun, and I don't mean to be insensitive, but what could you have done that was worth 1.7 million? Have you ever made that kind of money before?

If you were trying to middle man a deal and it falls through, the only thing you lost was the hope it would happen. If you put up 1.7 million and somebody ripped you off...that is a completely different deal.

I've had potential gains slip through my fingers, and I've experienced the feeling. I've had money stolen from me, now that is a sickening experience.

If you put up capital and were taken, that's war, and I would be after them with guns blazing (figuratively speaking). File a lawsuit if you have ground to stand on.

Re: Have you ever lost so much money you throw up?
 

Always referring to yourself in the third person is known as disassociation, and can be a sign of an impending meltdown. Do you know a good therapist (or maybe a few sessions of EST would be better)?

Re: Have you ever lost so much money you throw up?
 

I've lost money over the years in various transactions, usually linked to credit and cars. :)

There are a couple of clunkers that stand out, I felt devastated at the time, but the amounts were small, only in the region of $5000 or so, so it was a cheap lesson. I learnt a lot about true valuation of things, and walked away with a financial education. :)

Unfortunately, there is a balance between being 'tight' with your cash and living your life with some enjoyment, sometimes you have to spend up a little to have a good time; budget it, spend it, and you won't feel guilty. Act on impulse and you will regret it forever.

If you are young, you can always make more money, you can never however, buy your health, family and friends back.

Re: Have you ever lost so much money you throw up?
 

So the developers went BK on you and didn't pay you for work you did huh? I would take Andy's advice.

Re: Have you ever lost so much money you throw up?
 

I was reading an article about a week ago on inflation & ethics/morals.

I had started researching it, because someone had posted some articles on life during the Weimar Hyperinflation (miserable)

seemed like as the honesty of the govt currency went down, so did the general honesty of those in society.

I realize this does not help you, but I expect these kind of situations to increase in the coming years

"forewarned is forearmed"

Re: Have you ever lost so much money you throw up?
 

WHoa now.....I gave no advice....that would be a conspiracy to commit a crime.

I merely didn't say what I might do. :D

Re: Have you ever lost so much money you throw up?
 

:bear_w00t: That's very bad DF...my sympathy.

Got beat out of a down payment( earnest money )on a property by a real estate agent who was in collusion with various sellers.

They required 10% earnest money up front to even issue a contract to buy...then a week later call and say the seller backed out and they split the earnest money with the seller.
You get nothing back...the contract was worded in so much legalese it would have taken a team of lawyers a week to decipher it.

I found out the same property had been sold 4 times using this scam and it wasn't the only property this real estate agency had listed as sucker bait.

I got ripped for about 8 grand and wrote it off as a business loss.

My lawyer said it was perfectly legal the way their agreement to buy and sell was worded...no judge would even consider a complaint.
A second lawyer's opinion turned out the same verdict.

They are still in business pulling the same scams as they were twenty years ago...complaints to the state BBB and state Realtors board went absolutely nowhere.

There are some real estate scammers you really can't judge from their national affiliation...this was Century 21.
Complaints to them went unanswered...I gave it up.

:rolleyes_m::rolleyes_m::rolleyes_m:

Re: Have you ever lost so much money you throw up?
 

If you can't beat 'em, join 'em! :bath:

Re: Have you ever lost so much money you throw up?
 

I stand corrected. :wink:

Re: Have you ever lost so much money you throw up?
 

thanks for your support. it's a new day and i am just going to go back in for round 2 here in a few weeks after making a plan with the attorney. i'll let you know how it works out. yesterday was all in all kind of bizzare and df is still processing his newfound understanding of people and their ability to do really screwed up things in their own interest. funny, in business school they make you take these ethics classes about you being ethical but they fail to tell you how to deal with people who aren't ethical.

Re: Have you ever lost so much money you throw up?
 

.................

Re: Have you ever lost so much money you throw up?
 

Being invested in mostly Junior and penny mining stocks Gold, Silver, Base MEtals and especially my uraniums... I saw my port value drop from a High in April of just over 2M ....... To drop by 800K the biggest hit being in Augusts meltdown....

The kicker is my hubby told me to take itoff the table.. Back in April as we had reached our retirement goal .. As i've been doing it myself (with the help of a broker /friend/goldbug) for the past 7 yrs I resented his interference..
Afterall he had told me to take it ALL out at 300K at 600K at 800K at 1 Mil and 1.6M ...

Now, of course 'he was right' and likes to throw in the odd dig making me 'remember it' ... IMO he doesn't 'get it' ( The bigger picture)
He's got a stuff it under the matress mentality and I keep telling him his 'paper' in the long run will be 'Worh-less'

So Yep ... I felt Sickened but I am 'dogedly' continuing and slowly moving back up ... On the whole though I took my paper loss quite well ..


Cheers

Goldeneye

Re: Have you ever lost so much money you throw up?
 

Goldeneye, he doesn't deserve you...PM me.:D

Re: Have you ever lost so much money you throw up?
 

I always get stiffed on Aces...

Re: Have you ever lost so much money you throw up?
 

funny, as i come out of my haze today i just now, at 4 pm, realized the market had a big sell off on friday. my oil service stocks did ok but holy shit lets see what monday brings. strange days indeed. tonight is pizza and a movie with the chick and sunday is hiding from the snow. monday will be interesting. it's saturday?

Re: Have you ever lost so much money you throw up?
 

:applause_

Welcome back. That's the attitude. We cut and split a 1/2 cord of wood in preparation for the storm. Out my front window you can see the dark clouds swallowing the mountains. We'll probably just get drizzle, but after last winter I'm not taking ANY chances!

(Now I need to go out and take the mowing deck off my garden tractor and install the snow blower.)

Re: Have you ever lost so much money you throw up?
 

Dogfarm

The same thing happened to me in real estate, 15 years ago, same kind of numbers. I recovered and am now very strong financially. You are young and have time to recover and learn from this. Make sure you learn from this what went wrong and how you could prevented it. Sometimes entreprentheurs need learning experiences like this to make them really smart. I know that I could have protected myself better. we are seeing lots of fraud and upset in the commercial land markets around Sacramento right now. All the privately held residential developers are going BK except one or two. The public builders are barely hanging on and many will go BK. The flip of this is there will be lots of opportunity to be a buyer in land at 30-40 cents on the dollar but that time will start next summer. Do not interpret any of this as criticism, I am sorry it happened to you.

Re: Have you ever lost so much money you throw up?
 

It's amazing they haven't screwed the wrong person/people who caused them to stop breathing! Sooner or later you cross the wrong people..............

Re: Have you ever lost so much money you throw up?
 

Got the blower ready... just in case. Here's a shot I just took of the storm rolling in from the west. The tallest peak is Longs Peak and its sister is Meeker Mountain. Supposedly Susan B. Anthony's lover (Anna Dickinson) was the first woman to summit Longs Peak. FWIW. (http://www.nps.gov/archive/romo/visi...longspeak.html)

Have a great (snowy) weekend, DF!

Re: Have you ever lost so much money you throw up?
 

What is the saying, good lawyers make for honest contracts?

You'll make it back, you won't forget. But a lawyer who's seen every scam will put you on alert next time, giving you an option of whether you wish to risk or not. If so, you can sic the same lawyer or his evil twin on them after the fact, and let them know about it before they sign--they may experience a sudden change of heart.

---That's not to get money, but to make your point to them, both for courtesy (they don't screw others after you) tie them up for a while, and to vent yourself on them instead of the car door. Getting actual cash back is always doubtful because the low-class spend it as it appears and have no attachable assets. --Even the appearance of assets is an illusion as they're already attached by others.

But it's a campaign and you'll need to measure the battles accordingly.

Be careful out there.

TS

Re: Have you ever lost so much money you throw up?
 

Re: Have you ever lost so much money you throw up?
 

I had my freezing hands in a creek digging as deep as I could before that all blew in. Got a bunch more sand but it seems to just more tiny flour gold. I need a spinning wheel to get it out.

We had 5" snow yesterday!:D

Re: Have you ever lost so much money you throw up?
 

Yes, but it's embrassing because I didn't lose anything like what you lost, I can't even phantom your loss. I only lost 35-40% of my pension for 20 years of nose to the grindstone...it wasn't jack to begin with, it was even LESS jack after WS got done with it. I did throw up, had the other end throw up as well, for several days. I was furious at the world at that point, moreso at myself. You're right though, it was all funny money anyway...you're smart, you're young, you can still bat.