Last month, I missed a $25,000 capital call without even realizing it. The Managing Partner of the fund, a friend I’ve known since business school, texted me while he was on vacation.

He wrote, “Hi Sam—hope you’re having a good summer. I’m texting from Holland—sorry for the quick note, but just a reminder that the capital call is overdue.”

Yikes! What capital call was he talking about? I’m usually very diligent about meeting all my capital calls, scheduling the wires as soon as I receive them. Apparently, the email notification either never got sent or ended up in my junk folder. However, I couldn’t find the email in the junk folder either.

Unfortunately, I didn’t have $25,000 in my checking account at the time because I had transferred everything to my brokerage account to buy stocks. I’ve been on a mission to get my public equity exposure back to around

Keep reading this article on Financial Samurai.

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