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What Is Your Worst Business Investment And How Much Did You Lose? - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Is Your Worst Business Investment And How Much Did You Lose? (41921 Views)

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by solz23(m): 4:49pm On Nov 19
Nairaland mods pls encourage threads like this

31 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by pedrilo: 4:49pm On Nov 19
1. Fish pond to rear cat fish.
1.8million. (Part of d money i made from d 4 flats I built for someone)
It is well.
I didn't get enuf knowledge concerning the technique of feeding dem wit both local n foreign feed.
I fed 16000 fishes wit foreign feed all tru for 6months. I almost died

2. Mavrodi Mundial Movement. 500k died with him as he rots in hell.

38 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by coolie1: 4:51pm On Nov 19
bet9ja
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Mrblaster: 4:51pm On Nov 19
ChildOfDoom:
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
Your moniker says it all.

19 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Leo10000(m): 4:51pm On Nov 19
gift01:
Nigeria Stock Exchange, Poultry Farming, Importation that didn't come in, MMM
please can you throw more light on the poultry aspect,how did you loose out?

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by officialJP(m): 4:54pm On Nov 19
Yahoo Yahoo. I give Alfa 50k with no positive result, don't quote me cause am a born again Christian now grin

27 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by twlover: 4:54pm On Nov 19
Poultry Farming.

I invested approximately N12m in building a poultry for layers. Mistake I made was I buying 1 Acre of land which cost me N4M to fence, built Pen house with N3.5M,built a 5 bedroom farm house with about N3m, constructed a concrete scaffolding (with 2 standard rooms, one as store the other as Gen. House) to mount the water tanks for N1.5m

Having done all these, I struggled to get 600 layers, the rest is history.

I have put that property up for sale

Interested buyers are free to send me PM

40 Likes 5 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by spiritedtete: 4:54pm On Nov 19
Trusting and investing in people and their businesses

Lost 1 m USD
80m naira
30m
16m ... And the least goes on and on down to even 150k.

Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)

This thread just brought the anger in me.

Awon oloriburuku!!!

40 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by clems88(m): 4:55pm On Nov 19
Crypto and PayPal biz. Idiot duped me a large sum on Friday . angry till trying to recover from the sickness of that loss . na when the idiot dupe me my eye come open. undecided

My brothers n sisters , friends n enermies , boys n gels I'm here to tell you that jazz is real. embarassed

36 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Niyi9002(m): 4:55pm On Nov 19
So sad. Something like this happened to my dad's cassava farm last year. Was funding him from Lag and when harvest time came,voom! thieves came along and cleared everything. Life can be crazy sometimes!
Amiblaize77:
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

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by okoroemeka(m): 4:55pm On Nov 19
2013 we a bought a tokunbo mack tipper for #4,500,000 to start haulage,3 months the income looked good so we bought another one from america #3,600,000 and 2 months down the going looked good,that when the mistakes started,we bought another one an electric mack vision with balloons #2,800,000 that truck is the devils associate,it consumed the whole money we are making,the parts are costly and mechanics that work it are few, then buhari got elected and the whole show ground to a halt,many contracts stalled,we use to haul granite for setraco to 2nd Niger bridge everything stopped the trucks were idle no work,finally frustrated we sold off the trucks and got a loss of close to #6,000,000 naira.its a bitter lesson since then I have gone back to farming business I know every well.

50 Likes 3 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by shaydeenamz(m): 4:55pm On Nov 19
I lost more than 700k to mmm and bet9ja.thank gawd I have quit betting

10 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by bizhop01(m): 4:55pm On Nov 19
Please don't remember MMM investors

6 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Leo10000(m): 4:55pm 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.

How did u loose in fish farming, can u please share ur xperience with us

3 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by oruma19: 4:56pm On Nov 19
MMM

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by donshady(m): 4:56pm On Nov 19
twlover:
Poultry Farming.

I invested approximately N12m in building a poultry for layers. Mistake I made was I buying 1 Acre of land which cost me N4M to fence, built Pen house with N3.5M,built a 5 bedroom farm house with about N3m, constructed a concrete scaffolding (with 2 standard rooms, one as store the other as Gen. House) to mount the water tanks for N1.5m

Having done all these, I struggled to get 600 layers, the rest is history.

I have put that property up for sale

Interested buyers are free to send me PM


This is really big. How are you surviving
Re: What Is Your Worst Business Investment And How Much Did You Lose? by oneluv11: 4:57pm On Nov 19
mmm
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Olalekank(m): 4:58pm On Nov 19
spiritedtete:
Trusting and investing in people and their business...

Lost 1 m USD
80m naira
30m
16m ... And the least goes on and on down to even 150k.

Never will I trust anyone with my money Never not even my Father (even when I know his is a good man)

This thread just brought the anger in me out
This is a very sad experience. I've never been in your shoes but can understand how you feel.

This doesn't mean that you should close all the roads to a potential investment that can boom. My advice is that you study the area ir field in which you want to put your money before you put the money.

4 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by 1Ronaldo(m): 4:58pm On Nov 19
.Won't really call it business sha and also, am not d business kinda person...
I already contriburlted in the other thread.
And the lost wasn't too big cos I could do without it then...
Lost 50,000 naira from my account on betting on 2 odds... Over 1.5 man u vs sevilla first leg...
Next one was losing 40k last two weeks atletico Madrid vs Dortmund (gave Dortmund 2ahead)... This one was actually a rollover kinda money so wasn't as painful as d other one...

Tried selling my lenovo laptop to a friend for 80k.. He said he was gonna pay me in a weeks time but that I should first give him d system... Baba said system was stolen. Mum n dad said I should just leave him.


Modified: how can I forget Hernandez geisha that duped me of 125,000 thousand last two months on fixed games.

23 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ranchhoddas(m): 4:59pm On Nov 19
A foolish Ponzi Scheme called TIG (Trust in God) chop my 10k that year. This was way before MMM. The thing pain me ehn...

Thunder go fire whoever open that thing. The worst part na Deeper Life people introduce me to that scheme.

23 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Olalekank(m): 4:59pm On Nov 19
solz23:
Nairaland mods pls encourage threads like this
Yh! We should start creating threads like this more often.
The one that was created yesterday has garnered over 40 pages and counting with lots of information on ground.

Great one tissuepaper and hardmirror

17 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by spiritedtete: 5:00pm On Nov 19
Olalekank:

This is a very sad experience. I've never been in your shoes but can understand how you feel.

This doesn't mean that you should close all the roads to a potential investment that can boom. My advice is that you study the area ir field in which you want to put your money before you put the money.

No matter how your study.. when you do it with people you will end up regretting... My lesson so far... "Be in control"

13 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by comedynaija: 5:02pm On Nov 19
Bought Some watches from Ali, watches came, no one to buy at my price, sold to mallam at a reduced price.

20 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by amanikondo: 5:02pm On Nov 19
Where are the MMM crew?

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Meklex(m): 5:04pm On Nov 19
Mine was not an investment per se but e pain me.

I was in my finals and was looking for how to raise money to be able to face the challenges final year poses. One of my guy asked if I can clean a first year student's lodge for a token. I jumped on the offer, rich kid paid me 5k just to clean a self contained room(it was a new lodge). I went back to the my lodge, I didn't know anything about betting then, but one guy from my lodge won a whopping 450k+, mehn, I jumped into betting and staked all the 5k (the guy who won the 450k was the one that played the game for me). I was so sure I was going to win until I didn't. cry. Mehn I was livid for a whole month.

61 Likes 2 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by franzis(m): 5:04pm On Nov 19
MMM ... I lost more than a million naira cry cry cry

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Olalekank(m): 5:04pm On Nov 19
spiritedtete:


No matter how your study.. when you do it with people you will end up regretting... My lesson so far... "Be in control"
Indeed!
One million dollars is not a child's play. It would be well, greater heights.

I haven't reached up to a hundred thousand before but in the case of if you have a website you wanna build, you can contact me.
Thank you.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by bluefilm: 5:04pm On Nov 19
Bitcoin nonsense

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by myk2mic: 5:08pm On Nov 19
kingcalipha:
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.
Can I pm u
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Naughtysite: 5:09pm On Nov 19
ololadeking:
buhari, I lost everything
grin
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Slimmacho: 5:09pm On Nov 19
twlover:
Poultry Farming.

I invested approximately N12m in building a poultry for layers. Mistake I made was I buying 1 Acre of land which cost me N4M to fence, built Pen house with N3.5M,built a 5 bedroom farm house with about N3m, constructed a concrete scaffolding (with 2 standard rooms, one as store the other as Gen. House) to mount the water tanks for N1.5m

Having done all these, I struggled to get 600 layers, the rest is history.

I have put that property up for sale

Interested buyers are free to send me PM

Where is the property located
PM me, am a poultry farmer, let's talk
Re: What Is Your Worst Business Investment And How Much Did You Lose? by merryossai(m): 5:15pm On Nov 19
I have made many bad investment, from investing in transport business to building a house in the village when I should have invested in something that grows wealth, but the most painful and worst of all is 2million naira I lost in MMM and Gethelp, indeed only lazy men look for shortcut.

Less I forget, I also regret investing my time in trying to make a girl love me and not leave me....if woman done show u their bad side, u go understand that they are poor investment. my brothers n sisters, investing even your airtime on a girl can be the worst investment of your life.

52 Likes 3 Shares

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