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What Is Your Worst Business Investment And How Much Did You Lose? - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Is Your Worst Business Investment And How Much Did You Lose? (42098 Views)

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by egwekwe: 4:24pm On Nov 19
MMM - over 2m even though I started with 150k...

Cryptocurrency - currently loosing millions but I have I've also gained millions there too. embarassed embarassed embarassed

Land scammer : paid for a land with eventually turned to scam


Farming : invested 100k+ in rice, millet, beans and maize ...lost everything to flood and Fulani herdsmen

Zainab's big yanch : This girl is the king of manipulation. She was highly religious that I thought she can't scam me. She manipulated me very well and scammed me of over 250k from so called dating and felt no remorse when the bubble burst embarassed .she was so good at it that devil gave her a medal.

That's sadly the definition of majority girls in Nigeria now.... Very selfish , self centered and manipulative.


Funny enough, am just 23 with already bountiful of experience and am sure the future holds something great for me grin

83 Likes 6 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Pentools(m): 4:24pm On Nov 19
Ponzi and mlm na bastard, twas get help worldwide for ponzi and swisgolden for mlm. E no go better for Perez Adu.

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Kenekingisback: 4:26pm On Nov 19
Investing my time in promoting APC shocked

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by hahn(m): 4:30pm On Nov 19
Kenekingisback:
Investing my time in promoting APC shocked

Was that a "business" investment? undecided

9 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by CaptainMitch: 4:30pm On Nov 19
I invested over 250,000 in fish farming and made a huge loss, I changed my mind about investing in agriculture, but I have recently gotten land and I am still thinking of what to plant.

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by freezyprinzy(m): 4:32pm On Nov 19
Last week 200k to cryptocurrency

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by Rextizzle(m): 4:33pm On Nov 19
I've lost more than $1,000 on Bitcoin doubling scheme, sad day of my life.

7 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by hahn(m): 4:34pm On Nov 19
CaptainMitch:
I invested over 250,000 in fish farming and made a huge loss, I changed my mind about investing in agriculture, but I have recently gotten land and I am still thinking of what to plant.

Agriculture is not beans o

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by OzziOhinoyi(m): 4:34pm On Nov 19
I'm here to learn and be mentored.

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by skyhighweb(m): 4:35pm On Nov 19
CaptainMitch:
I invested over 250,000 in fish farming and made a huge loss, I changed my mind about investing in agriculture, but I have recently gotten land and I am still thinking of what to plant.
use google n find out fruit wat Nigerians eat mostly garri rice stuff like that

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Amiblaize77(f): 4:36pm On Nov 19
So I was told by a friend to lend a farm land to plant potatoes, unfortunately after clearing and planting with over months of mantainance fee paid monthly. fastforward 2weeks to harvest its was cleaned clear by thieves, only to be left with tiny pieces. That was quiet painful but lesson learnt

40 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Deltatoto: 4:36pm On Nov 19
HardMirror:
This is in response to this wonderful thread https://www.nairaland.com/4852491/how-old-when-made-first

After going through the thread i realized that many had made money but lost all or a good chunk.

This is my own story.

Abattoir Investment
Garden and bar I lost 12m
As a student in Futa, i usually patronized a butcher called Nurai at the abattoir behind Chicken Republic at FUTA Junction. The guy was very nice to us and always gave us extra meat to what we bought. When i had my first major breakthrough, this guy was the first person that came to my mind.

I gave Mr. Nurai 500,000 naira as investment into the business. The man lost all the money within a few months. I still like him and i know he did not do it intentionally but it was a big blow to my finances when i needed a backup source of income.

business agreement with a nairalander i wont mention his name, but i had an agreement with a nairalander, but i suspect he diverted the money into mmm. Long story short he still owes me 400k after refunding about 600k to me.

Ministry of works contract
Never take a contract during elections. Goodluck Jonathan awarded lots of contracts a few months to the 2015 elections. I got several road furnishing contracts November 2014. Unfortunately we had to borrow money to do the Job. Lost about N7million there. Government still owing us 54million (i did it in partnership with another company in Abuja) it was a massive blow and my worst mistake in life not just business.

What is your own story? Be honest and detailed so we can learn from each other.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by savagefinder1: 4:37pm On Nov 19
roughly 1million naira
Re: What Is Your Worst Business Investment And How Much Did You Lose? by bustthem: 4:37pm On Nov 19
CaptainMitch:
I invested over 250,000 in fish farming and made a huge loss, I changed my mind about investing in agriculture, but I have recently gotten land and I am still thinking of what to plant.
Maybe you didn't have any knowledge about it

I'm an aquaculturist and fisheries expert

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by lordparcel: 4:37pm On Nov 19
Gambling

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Mutemenot(m): 4:38pm On Nov 19
CaptainMitch:
I invested over 250,000 in fish farming and made a huge loss, I changed my mind about investing in agriculture, but I have recently gotten land and I am still thinking of what to plant.

Fish farming is good if you have a good pond and enough money . People fail when they depend on foreign food to feed. As it stands local and foreign food are expensive but local is still the best option after one and half month of using foreign feed . Remember what you give in fish farming is what you get . Feed them less and have stunted growth

5 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by GOFRONT(m): 4:38pm On Nov 19
Bet9ja......ticket don cut

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by KingCassy(m): 4:38pm On Nov 19
Lost like 70k plus in forex in 2008....also lost 30k the same year when I invested in information marketing...

4 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by BabaIbo: 4:38pm On Nov 19
One thing I learnt in business or things that deals with money is to be careful when investing your money in something because people around you are doing it or they told you it works.
It's better to do your homework very well and go into the business because you feel it will work and you have gotten enough info on it than relying on people's ideas that it works.

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by Bishopp007: 4:39pm On Nov 19
I lost $1000 to forex trading in 2008

My friend introduced me to Canada visa agent who duped me #120,000 in 2012.

No pain no gain sometimes but it's hurts when we learn from our own experience instead of others.

8 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Demmzy15(m): 4:40pm On Nov 19
HardMirror:
yes buhari has refused to pay us for the jobs we did under goodluck's government.
The same contract issue happened to my dad, though his own is of 2013. But some people have gotten payments, those of 2012 down.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by sukerefakere(m): 4:41pm On Nov 19
lordparcel:
Gambling
i stopped gambling years ago.. But merrybet won't forget i withdrew 1.7million from them..paid my school fees, got a landed property and squandered the rest.

29 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by stchinedu: 4:43pm On Nov 19
noble71:
mine was Interlocking business lost about 1 million there. my major problem was not getting proper knowledge of the business. when I came into the business interlocking was already facing out. Stamped concrete took over from interlocking. I have moved on though.

I need more info on stamped concrete pls. Thanks in advance
Re: What Is Your Worst Business Investment And How Much Did You Lose? by LoJ: 4:44pm On Nov 19
egwekwe:

Cryptocurrency - currently loosing millions but I have I've also gained millions there too. embarassed embarassed embarassed
You shouldn't worry, if your concern is the low prices. At this time of the year it is always like that.

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by willi926(m): 4:45pm On Nov 19
bank of no return. so much, but nw I don get sense. cry
Re: What Is Your Worst Business Investment And How Much Did You Lose? by ChildOfDoom: 4:45pm On Nov 19
Easy pick. Bet9ja Virtual. I used all i got and sold most of my belongings to invest in its imaginary profit. It recked me and pushed me 6 years backwards. Worst decision i ever made

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by Biingoo: 4:45pm On Nov 19
mmm and get help worldwide. lost almost 10mil naira

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by LoJ: 4:46pm On Nov 19
Rextizzle:
I've lost more than $1,000 on Bitcoin doubling scheme, sad day of my life.
What scheme was that?
Re: What Is Your Worst Business Investment And How Much Did You Lose? by movetoca: 4:47pm On Nov 19
Oil Bunkering...I lost over 12m in one day. I will try again by the grace of God.

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by kingcalipha(m): 4:47pm On Nov 19
Cryptocurrency finish my money last year shaaa. As I dey gain na so I dey loose last last money wet I loose pass money wey I gain. Even the 50k I vex leave for my wallet don devalue. I have recovered but still on break.

8 Likes

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