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What Is Your Worst Business Investment And How Much Did You Lose? - Business (15) - Nairaland

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Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:17am On Nov 20, 2018
nonut:

You can never move past a certain level, if you don't take 'calculated' risks.
It's like trying to avoid an impending war, because of fear of injury or death.
thank God u say calculated risk and not risk... Both are different.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 11:17am On Nov 20, 2018
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:17am On Nov 20, 2018
clive2u:
rich people full here o
i feel rich already quoting u guys
grin Werey

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 11:18am On Nov 20, 2018
Ibrahim505:

There is thread for Tbills here in NL. You can go and scroll down the entire postings for your benefit. Or simply download the iinvest app to start investing from your comfort zone.
Thanks.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:19am On Nov 20, 2018
okoroemeka:
that is a problem when your passion and emotion for agriculture drive you more than profits,you could have started small,2 plots,build pen for 2000 birds then start,you can do all with #6,000,000.
exactly what I was saying earlier. Start small and increase as time go is the best way to do business prudently...

Ball all I am seeing here are people dumping all their money once.

6 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by vaxx: 11:19am On Nov 20, 2018
LoJ:

How did you lose 1 million dollars?
Don't trust these people, only few are geniue. Just read and have fun.

23 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:20am On Nov 20, 2018
spiritedtete:


My brother... We are all equal forget about money now... My mentality and approach to money is different... I am not disperate too... The only thing that bit me everyday is how to better the people around me... This is my only worry and fear in life.

Otherwise personally there is nothing absolutely nothing in this world

On the 1m usd it was suppose to be a loan/share to a friend building a refinery... Which was supposedly a processing fee to secure bank guarantee from a foreign bank. But at last it was yahoo boys that was manipulating him...

Chai... so sorry bro. people like you are rare.

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by vaxx: 11:20am On Nov 20, 2018
LoJ:

How did you lose 1 million dollars?
Don't trust these people, only few are geniue. Just read and have fun. My Nigerian brethren are known with their use of mouth

11 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 11:23am On Nov 20, 2018
vaxx:
Don't trust these people, only few are geniue. Just read and have fun. My Nigerian brethren are known with their use of mouth
Oh OK. undecided

4 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:23am On Nov 20, 2018
Slimmacho:
Imagine!
This thread is having less than 5000 views, but if it's about all those yeyebrities or those tribal wars you call politics, you'll see a million views.
I can't imagine the kind of future Nigeria has with this kind of mentality in ppl.

What if I tell you I am happy about it? We need a lot of stupid people to make a bank. Nigeria the best place to make lots of money. Trust me.

4 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by clive2u(m): 11:26am On Nov 20, 2018
plsss a kind fellow should mention me when thread for business you've invested and gained is trending

7 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by digitalgeorgy(m): 11:27am On Nov 20, 2018
Purplekush:


It was my first biz venture this year. I sold 2 copies only. Quite impressive I had to shut it down.

As for the videos, I can send it to you in a Flash drive depending on your location. You just have to foot the shipping fee and the cost of the flash drive. I use FedEx

am intrested in this.
just sent u a pm
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:30am On Nov 20, 2018
blackjack21:



'man never backs down', I like that.


So this boy, who's my brother, is a talented fashion designer, far beyond his pairs, but, he works for some greedy bloke who paid him peanut change. So I decided to bankroll him, get him a shop, buy a generator and three embroider machine, with one sowing machine. That way he'd sponsor his education in the University and add to the family net worth. Long story short: he dropped out of school, doesn't save a dime. He abandoned The purpose of starting the business while he makes cool cash and spend it on himself alone.

I threw over 900k in that investment. I actually went broke after the incidence.it hurt because I was doing it for the family.


Chai... Ur bro must have been carried away by his peers who are on Benz or nothing voyage.

2 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Naijazure: 11:30am On Nov 20, 2018
Hi bro,

I think I'm somewhat interested in your offer
Whatsapp number 09021911394

oneluv11:
.

I can give u 2odds every day.
.

just try me bro



99.9% sure



1 Like 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Quorax: 11:33am On Nov 20, 2018
zicoraads:
I met this guy while I was serving. We became pretty close because we had a lot of things in common. And we were staying in the same room and finished from the same school. He told me about a business he started while in school, but due to some family issues, had to make use of the money earned and all. It sounded good, because before now, I had heard about people buying yams from Niger and Benue states and selling them off in places like the South South region at huge profits.

The fact that I was familiar with how costly and cheap yams are in these places made it seem like a very good ides to follow.

Long story short: I collected 200k from my sister and put in 300k of mine. Traveled to Niger and bought yams from a village along Lapai road. We traveled with the truck and met a guy in Effurun, whom he said was the person he always sold it to. Spent about a week in Delta state and sold everything, with the profits coming being about 200k, after expenses and whatnot. Got 300k and added to everything we had and came back to Niger to buy more.

Couldn't follow them back due to other factors that were beyond my control. Lost about 1.3 million altogether on his way back. He said he was robbed. But up till now, the news and the numbness of it never made me ask follow-up questions to the bloody pictures I saw.

I didn't quite recover from that for a long time.

What bloody picture? Was he shot or what?

1 Like

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Ourown(m): 11:35am On Nov 20, 2018
Damdeyz:


Ọlọrun seun. Please what services do you offer on fiverr and if I wanted to join Fiverr today what advice what you prefer?

I create and edit videos. Just learn a skill and watch enough tutorials on how to start with fiverr. You'd be fine.

1 Like 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Remix10(m): 11:37am On Nov 20, 2018
Purplekush:


I read everything too as I always look out for the bad deals to avoid. Well, the first step is to have a laptop and an internet enabled phone. If you have those 2 down, you should be then start looking at the startup capital which should be anywhere around 50 to 150k. Not much when compared to the tradition brick and motar biz models.

Get these down and then we can talk more. today alone I got like 11 orders of a 21k product. And I'm still a learner in my niche

How can I contact you Sir, I have an internet enabled phone and a lappy
Re: What Is Your Worst Business Investment And How Much Did You Lose? by SFSNIPER(m): 12:03pm On Nov 20, 2018
adanny01:


I got my boss a 200m ministry of works contract earlier this yr, he refused to finance it saying that its too close to elections.

We sold it out and counted our loss.

The guy who bought it did 60% and has since been trying to get paid. I hope he gets paid sha cos that ministry get as e be. You need serious leg to get paid there.

Buhari tried to sanitize that ministry but the right effect has not been felt. At least they dont dish out contracts anyhow like they did under GEJ when the funds to pay where obviously not available.
bro how do you people get these contracts? I have been wondering.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by hamrad(m): 12:13pm On Nov 20, 2018
maybachmusic:


thats a lot sha
plus my schedule
anyway
09091164580
text ur whatsapp number and name there
Re: What Is Your Worst Business Investment And How Much Did You Lose? by hamrad(m): 12:14pm On Nov 20, 2018
maybachmusic:


thats a lot sha
plus my schedule
anyway
09091164580
text ur whatsapp number and name there
just sent you message
Re: What Is Your Worst Business Investment And How Much Did You Lose? by Winneygirl(f): 12:18pm On Nov 20, 2018
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

I'm not very clear here. You invested most of that money in the property, not the business??
cry cry
I feel like crying. Which day will the layers lay the 12m?
Let me just cry some more.

29 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by adanny01(m): 12:25pm On Nov 20, 2018
SFSNIPER:
bro how do you people get these contracts? I have been wondering.

Meeting the right people at the right time.

Met these 2 national assembly junior staff whom a senator owed a favour. The senator is one of those detrabilized northern senator. While other senators were giving contracts to family and friends, this one gave it away to staff close to him that he didn't want to dip hand in his pocket to appreciate their loyalty even when they were not his personal staff.

Had the opportunity to meet him severally. What a detrabilized Hausa man!

13 Likes

Re: What Is Your Worst Business Investment And How Much Did You Lose? by peropoliet(m): 12:26pm On Nov 20, 2018
oluGodson:


Hi. Can you drop your email so I can contact you ?
am also interested peropoliet @gmail com 07058803909
Re: What Is Your Worst Business Investment And How Much Did You Lose? by lexdino: 12:31pm On Nov 20, 2018
ezenwajosh:
Well earlier this year lost mine to BUHARIA AND BAD CORRUPT GOVERNMENT, CORRUPT JUDICIAL SYSTEM AND A PROVE TO ME THEY DELIBERATELY DON'T WANT NIGERIA TO MOVE FORWARD

I INVESTED IN ELECTRICITY GENERATION....

BOUGHT ENOUGH GENERATOR AND SOLAR PANEL TO POWER @LEAST A COMMUNITY AND GIVE THEM 17HRS ELECTRICITY A DAY.... I went to NERC(NATIONAL ELECTRICITY REGULATORY COMMISSION) got a permit and started generating just after a month EEDC lost that community to my own electricity... The next thing same NERC that gave me permit now came am ask me to get a LICENSE INSTEAD but their rule said u can only be given a license if you're generating enough power to serve a STATE but anything below that is ordinary PERMIT from them....I went to court nothing came out of it....and the LICENSE IS ABOUT #200,000 000

MY INVESTMENT WAS ABOUT #17MILLION

FROM THAT DAY I KNEW FOR SURE NIGERIA WAS NEVER DESIGNED TO PROGRESS.... ITS NOT ABOUT CANDIDATES OR PARTY its about the FOUNDATION ON WHICH NIGERIA WAS FORGED. I sold all my machinary, wires, poles and solar panels... And went back to CIVILIZATION and I will never step foot in Nigeria again till we get BIAFRA

WHEN KANU SHOUTS NO VOTING IT SEEMS ITS ALL ABOUT BIAFRA HE'S ACTUALLY TRYING TO GIVE YOU PEOPLE YOUR POWER BACK.... BECAUSE ALL THE POLITICIANS ARE THE SAME....ALL THEY CARE IS GET YOUR PVC... GET YOUR PVC LETS VOTE HIM OUT AND VOTE THE OTHER IN, AT THE END OF THE DAY.... THEY WILL ALL MOVE IN TO RULING PARTY AND RECONTEST... AM SORRY AM SOUNDING POLITICAL BUT ITS THE CAUSE 90% OF BUSINESSES HAS FAILED

@ the bolded is the most sensible political statement that I have read in a while (though I am not convinced that Biafra is the way forward).

Nigeria was built on a foundation that only provides for the survival of the fittest(those in power).
Reason why our leaders can loot any funds available at their discretion, without having fear of repercussions from the embittered citizens. And having being dominated to inhumane levels of poverty, the embittered citizens will happily offer their conscience in exchange for peanuts during elections. The cycle can only keep getting worse.
Reason why a common basic amenity such as 24hr constant electricity supply will never be possible in 500 years if the status-quo is allowed to remain.
Reason why those with guns can brutalizes civilians without any fear of repercussions.
Reason why we spend 4 years in our so-called unis studying stories and theories that are of no use in real-life situations.
Reason why religious leaders make billions from preying on their sheeples because the sheeples live in a quiet fear of poverty due to the fact that government doesn't care about the living conditions of ordinary Nigerians. (Imagine the present ongoing agitation over an ordinary minimum wage of 30,000 Naira? 30,000 Naira that isn't enough for my monthly feeding expenses even though I am a single guy that does his own cooking jejely.

I don't like hearing people referring to my motherland as a shithole but in reality, it is what our leaders have made it into.
Only a well-planned forceful revolution will be able to successfully alter the present faulty foundation upon which the present Nigeria was built, and set the country on a path of prosperity.

Unfortunately, I am not willing to risk my life by partaking in any of such revolution.

23 Likes 4 Shares

Re: What Is Your Worst Business Investment And How Much Did You Lose? by bolaji73(m): 12:32pm On Nov 20, 2018
Don't want to be stingy so let me share mine. It actually happened about 2weeks ago.

I've been into data reselling for quite a while now. I started in my part3 days in the University. That's about 2yrs ago. I usually buy airtime from individuals most especially students whose parent sent airtime from home and they wish to convert to cash. I buy all networks but mainly mtn. I also buy share and sale airtime from individuals.
.
3-weeks ago, I bought share and sale mtn airtime from one of my online friend. airtime of 60k on a single SIM whereas I had about 42k on that particular SIM making a total of 102k..
.
later that evening, I noticed that I didn't receive any call for like an hr which is unusual cos I receive calls virtually every minutes. I tried to make a call and I got a voice response which said my line has been barred.
.
Sad by the response, I used my other line to call the customer care and I was told my SIM was under investigation for some fraudulent activities carried out with it. yeh!
.
The following day, I went to mtn office closer to my house and I was told that their unit couldn't resolve the case that I need to go to their office in Ibadan. chai! Imagine the distance from OAU Ife to Ring road Ibadan.
.
I got to mtn office in Ring road Ibadan approximately 2hrs later.joined a queue And I was later attended to. I didn't even spend up to 30mint there cos I was told the same thing the online customer rep told me except that my line would come back in the next 48hrs. I was was infuriated more not because of the airtime this time but the stress of traveling all the way from Ife to Ibadan only to be told my line would come back in 48hrs time.
.
To cut the long story short, my line came back two days after as they stated. but my over 102k airtime varnished .sorry all didn't vanish. they left for me 0.40naira.lol.
.
I used the next one week to disturb the life of the customer care. I shouted, yell, cursed but to no avail.
I've put all behind and moved on. I've learnt my lesson not to put my eggs in one basket. I'd never.Just that my village people got a large part of me that day. That's How I lost more than 100k.

30 Likes 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Nobody: 12:35pm On Nov 20, 2018
yomi007k:

What's ico?
Initial coin offering.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by SFSNIPER(m): 12:37pm On Nov 20, 2018
adanny01:


Meeting the right people at the right time.

Met these 2 national assembly junior staff whom a senator owed a favour. The senator is one of those detrabilized northern senator. While other senators were giving contracts to family and friends, this one gave it away to staff close to him that he didn't want to dip hand in his pocket to appreciate their loyalty even when they were not his personal staff.

Had the opportunity to meet him severally. What a detrabilized Hausa man!
How Do You Meet Such People? I Need Something To Keep Me Busy And Learning.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by onlyforchrist: 12:40pm On Nov 20, 2018
Purplekush:
as a 28 yr old who was fresh out of service. I started online buisness with my blog and was raking in 250 to 300k plus per month. after like 3 months the income rose to 1mil plus and even 2.some in some months.

Then I started trying out new investments...

LONG STORY SHORT: lost 800k to MMM. By Feb when MMM was confirmed to have crashed, I went ahead to lose another 1 Million naira and 6 months trying to set up another online business.

The painful part was not the 6 months of no income but the bad timing.

because, I had already paid for some plots of land before then. Paid for my new apartment. Was about making down payment for a new Corolla 2015 model when MMM crashed... and the investment started acting funny.

I was TOTALLY SCREWED!

I come lose lappy wey I buy 250k then Acer V Nitro. I was so depressed the only thing that kept me from SUICIDE was MaryJane. I owe my life to her smiley

But then I was able to cash out around 300k plus on the 1mil investment and I am currently on another HOT NICHE and just 2 months in it i am glad to say I now make at least 9 to 15k a day.

By God's grace and if this one goes well, I should be hitting 7figures per month from next year. INSHA ALLAH! AMEN.

Nothing beats losing money to some yeye deal. It brings out the adrenaline in you.

WORD OF ADVICE TO ALL STARTERS: think Internet business. It's cheap to start and gives you room to make mistakes with less financial loses. Besides, the ROI is totally insane!

I used to have a set of video courses for pple who are always asking "show me the way" but then nobody wants to put in work. Most peeps just want free money.

Bro, how can I get in touch with you, I'm ready to work as long as I will see results. I really need your mentorship.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by comedynaija: 12:46pm On Nov 20, 2018
Princejebs:

Please can u show teach me how to order products from Ali express.
Thanks

Yes I can. send me your whatsapp number.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by santakris(m): 1:13pm On Nov 20, 2018
Olalekank:

I'm confused, for real in what sense?
Is it the 12m or the try again part? grin

Considering the fact that it's illegal and highly risky. Its a big risk even with the huge amount of money invested.
Re: What Is Your Worst Business Investment And How Much Did You Lose? by santakris(m): 1:15pm On Nov 20, 2018
movetoca:

Do I sound like a clown?. It's part of the business and you must have the stomach to Bear the risks including prison.

You know it's illegal and government frown at it.

1 Like 1 Share

Re: What Is Your Worst Business Investment And How Much Did You Lose? by Yampotatocarrot(m): 1:16pm On Nov 20, 2018
Silly loss. Fraud actually. Made quite a lot from cryptocurrency (bitcoin arbitrage).

Bestie in secondary school visited n started telling me about buying of foodstuffs in the North and selling down south; of how foodstuffs were very cheap in the North (He was from the North).

Have heard about it, so I believed him. Gave him the money for some bags of beans n all, I was to provide the money, while he did the buying and selling. (Note that he was a best friend, so I completely trusted him)

Was supposed to get alert ending of last year, 26th of December to be precise, he just DISAPPEARED. As in, changed location, number and all. Just about the same time, dollar rate was stabilised thereby crushing the btc arbitrage business.

Learnt a lot from that experience though. Gradually bouncing back n going into agriculture.

7 Likes 1 Share

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