If you are a real investor, no doubt you would have made some silly mistakes that really did affect you previously.

As an investor, you are definitely staking your money to get return on investment (ROI) but in the cause of doing this, you had fallen into some scams, unrecoverable risk or loss.

Going into year 2021, what are some investment mistakes you want to avoid?


This thread may help others from falling into the same ditch. Your experience may just be what someone else needs out there.

Kindly let your response follow this particular order (you may be creative with it though):

#1 Type of investment
#2 Period/ year of investment
#3 Cost or capital involved
#4 Risk involved
#5 Lesson learnt
#6 Advice
#7 Current investment status

Let's roll on, this sure is going to be educating.

Forex trading
Synthetic indices
I lost 490k
I haven't recovered till now

returncole:
Forex trading
Synthetic indices
I lost 490k
I haven't recovered till now

Well, I believe you have learnt one thing or the other from this loss.

I am a forex trader, an aggressive one for that matter. I have profit a lot in it and also recorded loses countlessly.

Greed is one of the undoing of a trader. But I do make sure I don't lose more than I invest.

Wow! Let the thread begin definitely following

Following

Feel good to learn from experience. Definitely here to learn.

Easyincome24:
If you are a real investor, no doubt you would have made some silly mistakes that really did affect you previously.

As an investor, you are definitely staking your money to get return on investment (ROI) but in the cause of doing this, you had fallen into some scams, unrecoverable risk or loss.

Going into year 2021, what are some investment mistakes you want to avoid?


This thread may help others from falling into the same ditch. Your experience may just be what someone else needs out there.

Kindly let your response follow this particular order (you may be creative with it though):

#1 Type of investment
#2 Period/ year of investment
#3 Cost or capital involved
#4 Risk involved
#5 Lesson learnt
#6 Advice
#7 Current investment status

Let's roll on, this sure is going to be educating.

don't fall prey to all these online scammers promising to double your investment in 45mins. how on earth do you believe them. two of my friends were scammed through this medium this yea. 150k and 20k respectively.
don't fall to that. any online investment platform that promise above 20% return on investment per month, don't go there.

Lalasticlala

Investing under impulse

As advice
Avoid all these Forex trading companies MBA and co
All these plans . Avoid online ponnzi

If you want to trade . Learn online from professionals


Invest in business you. Know and have some level of control over and you will be fine

returncole:
Forex trading
Synthetic indices
I lost 490k
I haven't recovered till now

Synthetic means artificial... It is artificially controlled by the broker. You can never make profit for too long. You can do hit and run and get away with it but the urge to come back is always there and they will cut your head.

returncole:
Forex trading
Synthetic indices
I lost 490k
I haven't recovered till now

Synthetic means artificial... It is artificially controlled by the broker. You can never make profit for too long. You can do hit and run and get away with it but the urge to come back is always there and they will cut your head.

Learn forex trading or join CFX to copy trade or allow them trade for you. They trade low risk small profit pattern. The profit is about 2% daily... Still better than nothing.

Stewart883:
MBA forex portharcourt. I invested over 2 million naira. No ROI till now. Never again!!!!

Imagine that. when I can trade for u, while we share the profits.

alexvatt:
Imagine that. when I can trade for u, while we share the profits.

Im regretting

NOBLE179:
don't fall prey to all these online scammers promising to double your investment in 45mins. how on earth do you believe them. two of my friends were scammed through this medium this yea. 150k and 20k respectively.
don't fall to that. any online investment platform that promise above 20% return on investment per month, don't go there.

Even the 20% ROI Investment is still Ponzi scheme. The highest returns u can get on investment is 5% every month.

Stewart883:


Im regretting

I feel bad when I read stories like this. I can trade for u, while we share the profits everyday. Kindly WhatsApp me for details. we can also meet in person.

Stewart883:
MBA forex portharcourt. I invested over 2 million naira. No ROI till now. Never again!!!!

Sorry for the loss,but many of u can be stubborn even if i had told u,u wouldn't have changed ur mind.

What a huge sum of cash!

Hmmmm..

..
Bet9ja.
Throughout this year.
Huge sum of money.
I keep playing so called big teams home win.i lose nor be small.

My advice, just play goals. Could be ov1.5 or 2.5 as the case may be.

Next year comes, we go again.
No retreat, no surrender..

Saving money in the bank (in hope for interest). I rather invest in businesses.

Sysdatek:


Investing under impulse

In other words, you be "OYA..."

Not investing in Real Estates enough. This year, 2020, I invested just N1m in one real estate. And in 5 months, the property was worth N4m. I would have invested far more.
The investment is simple. We pull money together and buy swampy lands that is in the middle of developed areas.
Then sandfill it, develop and resell or rent out. REAL investment is what you can see and touch unlike all those unseen untouchable investments

*MODIFIED FOR THOSE ASKING ME TO EXPLAIN HOW WE DID IT.
We usually get atleast 10 persons. Then we all contribute a minimum of N1m. And we do the project. And the sharing is based on what each person contributed. It's simple as ABC. If everyone contributes 1m that means each person's share of the real estate is 10%. The last one we did most people brought more than 1m. Some especially the women brought 3m, 5m etc.. So we sold what we built in 5 months and the profits were high. Real estate far better than most investments. This year 2021 I must invest more.

Never invest without proper documentation and proper legal procedure.

Spell all terms and conditions out , get a lawyer if needed and sign proper agreement .

Forex

Investing in penny stocks. Well Investing is a risk but not investing at all
is more risky.

Hmmm, Business isn't for the faint-hearted

Leaving my money in the bank

Investment in any business other than something that deals in food

Lol

If you not readily available to monitor/inspect your car often, NEVER make the mistake of coughing out millions or thousands of naira to buy a car for ehailing/ride sharing/Uber purpose.

I'm particular about RENTAL not HIRE PURCHASE.

Let me pitch my tent here. MBA investors and some digital agriculture investors lamentations go full this thread.

Never to invest heavily into oinions farming.
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****Modified**** if you see how onions price has flatten in d mrkt you would even agrue if it was d same onions that was sold at high exorbitant prices some 4 weeks ago.
Any body still selling onions at high price now is just a greedy trader with immodest yearn for profit

Investment on crypto...that money pain me small

But I have learnt lot of things in the cost Studying how to make profit...but I'm yet to into it