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re: What has been your worst investment?
Posted on 12/1/23 at 11:40 am to 21JumpStreet
Posted on 12/1/23 at 11:40 am to 21JumpStreet
quote:
Trusting Celsius
if we get 72% back ill be ecstatic
2
Posted on 12/1/23 at 12:21 pm to RATeamWannabe
Invested $100k in a startup with an MBA buddy who had already flipped 2 other companies. Premise of the company was to provide quicker service to broken town truckers to get them on the road, connect them with local mechanic, provide financing if necessary to get them going ASAP. It is a great idea but they spent way too much on advertising early and ran out of runway. The company is floundering and I doubt I'll see any return. I typically invest heavy in 1-2 startups per year and luckily will likely offset it with another that is performing well.
This post was edited on 12/1/23 at 12:26 pm
Posted on 12/1/23 at 12:29 pm to RATeamWannabe
Same. Marked it at a 100% loss already in my mind
Posted on 12/1/23 at 1:24 pm to 21JumpStreet
who was the clown who lost his arse in celsius? the one who always said it was 10% GUARANTEED AND WOULD NOT FAIL!
Posted on 12/1/23 at 2:02 pm to I Love Bama
LINK NLSP
NLS Therapeutics.
So far I’m in for 190 shares at an avg $3.40 and the stock tanked below NASDAQ minimum and fell to ~$0.22.
It’s slowly been trying to fight back, currently sitting at around $0.56.
Fingers crossed that some medical breakthrough in sleep disorders or other nerve diseases and it’ll rocket ship.
I could lose every cent and I’m already taking it as a learning experience.
NLS Therapeutics.
So far I’m in for 190 shares at an avg $3.40 and the stock tanked below NASDAQ minimum and fell to ~$0.22.
It’s slowly been trying to fight back, currently sitting at around $0.56.
Fingers crossed that some medical breakthrough in sleep disorders or other nerve diseases and it’ll rocket ship.
I could lose every cent and I’m already taking it as a learning experience.
Posted on 12/1/23 at 2:45 pm to Fat Bastard
MNKD- biotech company that developed an inhalable insulin drug. The studies looked great, but the company was completely mismanaged so I got out losing around 6-7k. Good lesson I learned that no matter how good a product is, the company itself may be shite.
Posted on 12/1/23 at 2:47 pm to I Love Bama
I'm sorry but your friend sounds like a fraud
Posted on 12/1/23 at 3:06 pm to Texas Tea 123
How so? He’s lost more than anyone.
Posted on 12/1/23 at 3:21 pm to I Love Bama
My worst investment financially is also my best investment - about 45k maybe spent doing IVF
...but ended up with some kids out of it, who are a net negative financial asset requiring increasing amounts of money while ruining furniture and contributing none
Poor financial decision, great life decision
...but ended up with some kids out of it, who are a net negative financial asset requiring increasing amounts of money while ruining furniture and contributing none
Poor financial decision, great life decision
Posted on 12/1/23 at 3:23 pm to I Love Bama
Hard to top CHK.
Posted on 12/1/23 at 4:46 pm to I Love Bama
Everything that Ancient Tiger recommended
Posted on 12/1/23 at 4:50 pm to caill430
Today was my AT tax loss sale.
Posted on 12/1/23 at 4:51 pm to Wraytex
Verizon
in at 54. still clinging to it, though.
in at 54. still clinging to it, though.
Posted on 12/1/23 at 5:18 pm to I Love Bama
Hex crypto. I was sold a bill of lies. Put a bit of my GME/BB winnings into it and I’m fairly sure it’s worth $0 now. I wonder if they’re still talking about it on the discord
Posted on 12/1/23 at 5:28 pm to I Love Bama
Colonial Bank way back during the banking crisis in 2008. I thought they were safe. Overnight the feds gave them over to BBT leaving the shareholders nothing. Still hurts.
Just For Feet - Bad management.
Just For Feet - Bad management.
Posted on 12/1/23 at 6:23 pm to metallica81788
On my second round... 1st didn't take with 2 transfers. sucks financially for sure
Posted on 12/1/23 at 6:53 pm to I Love Bama
All of Ancient Tiger's sure fire penny stock tips!!
Posted on 12/1/23 at 7:06 pm to I Love Bama
Tellurian
Posted on 12/1/23 at 7:34 pm to I Love Bama
I put $10,000 into a brewery start up. Thought who could lose money selling beer? The group got tied up in a long legal fight with a lawyer who lived next to the building they bought for brewing. They won but cost them 18 months and another local brewery opened first. Then the owner bought a Prius as the company car to show how “green” they were and spent most of the first year doing an “eco friendly business” certification through Harvard while the company bled money. I knew I was fricked then. Finally took a “bad debt” loss on my taxes last year when the company officially dissolved. Many lessons were learned.
I also bought about $3500 of Russian stocks (mainly Gazprom and Lukoil) the day of the Ukraine invasion when they dropped 30% thinking it would be over quick and there was no way Europe would be dumb enough to triple their energy costs by not buying Russian gas. Now I can’t even sell it to take a tax write off since it’s frozen. Thanks OT war bros!
I also bought about $3500 of Russian stocks (mainly Gazprom and Lukoil) the day of the Ukraine invasion when they dropped 30% thinking it would be over quick and there was no way Europe would be dumb enough to triple their energy costs by not buying Russian gas. Now I can’t even sell it to take a tax write off since it’s frozen. Thanks OT war bros!
This post was edited on 12/1/23 at 8:02 pm
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