MAN WITH ONLY $100 IN HIS BANK BUT $1M IN INVESTMENTS, LOST ALMOST ALL OF IT
Singapore Uncensored·2024-04-13 19:05
During this market downturn, I lost 1million+ US dollars due to the UST depeg and other tokens going down 80-90%. And I’m back to my net worth 2 years+ ago. I took a really long time building that portfolio, from farming defi governance utility/tokens, meme coins, your blue chip stocks. I thought I was smart, but I was merely early in the mania phase.
It felt…. Nothing. I know it can’t be compared to people who are worst off than me.
I feel so desensitized until I blew it all away. I was arrogant at the point to not have diversified properly especially with super high risk on assets like crypto.
I thought anchor protocol has a yield that was unsustainable but still decided to go for it and held it all the way down because ultimately there’s so many smart/VC people backing it. Nothing can go wrong right? And here I’m selling it at 10cents on the dollar.
I’m a really frugal person and even when I had that million + dollars I scrimped like someone who only had 100 bucks in the bank. Because I don’t cash it out at all. No one even knew I was worth that much. When I reached a million, I aimed higher with the same risk taking strategies but I didn’t know that it would be way harder. I would definitely work on my allocation strategies next time.
Anyone who had lost majority of their wealth >90%? How did you guys pick yourself up again?
I probably am able to make it through this phase and 2 more years of uni but I’m not sure if I’m ever going back to my peak net worth again. On the bright side, I still have my family, lifelong friends that see me for who I am and a healthy life. And that to me is more important than numbers on a screen.
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America
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Dass 15/04/2024
when u put all eggs into one basket, it's not a good idea. property investment the best value for money.
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Teobehpio reply Dass 15/04/2024
Noted on this update and good morning and has a nice day and good breakfast and remember to return tray when you finish your food at HDB coffee shop and thank for your information and my view is that fix deposit in the bank is safe
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General X 15/04/2024
Without that million, life still has to go on whether you like it or not. Pick up yourself where you fall, all is not lost when you still has yourself undefeated to make a comeback starting from scratch again.
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Teobehpio reply General X 15/04/2024
Noted on this update and good morning and has a nice day and good breakfast and remember to return tray when you finish your food at HDB coffee shop and remember to wear mask due to bad weather and climate change and yes you must move on
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notime 14/04/2024
this is greed. he did make a kills in his investment strategy. this is like gambling in casino. when you win with a good hand, you would want to continue. not only was he greedy, he thought he could gain fames when his one million could become ten millions, hundred millions and that may poor him on par with buffett, however for a twist if fate he became a pauper.
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Userhy6g 14/04/2024
You must be young to put all your eggs in one basket.
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legendz 15/04/2024
Serve u
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