I Lost $200,000 Trying To Invest

How I lost over $200,000 trying to invest. These are my mistakes and lessons

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When we think about investing, we usually picture taking some money and turning into something more over time. Is there a proper way to invest your money in the stock market. The first question is, what do you value most? Passive income? Or do you want to retire later in life with a larger nest egg to sell off at 4%? Regardless of how you want to put your money to work, there are right ways, and there are wrong ways to invest. I did it the wrong way and I learned some expensive mistakes along the way.

Usually I share my investing journey with the Robinhood app, dividends, and my success or lack thereof but I also want to share my failures too, that’s part of the journey – and this is something I haven’t talked about before. This video MAY just change the way you think about investing.

It all began in 2011 – with a simple google search on “how to make money online”. It was then that I saw an article posted about this mysterious digital currency that promised to be a decentralized peer to peer system of transferring value from one person to another, without an intermediary. I didn’t know what any of that meant, what I was more interested in, is how I can make one of something, worth 100 of something.

In 2014, I bought in, at a price of, $600 per coin. I spent roughly $3,600 on my initial investment and I held on for a little while not understanding what I was investing in. And that was mistake and lesson #1.

You should always know exactly what you’re investing in, but more importantly, you should know why you’re investing in it. If you don’t understand your investment, whether that’s the stock market, digital currency or real estate, you will lose that investment when the price of it drops. You need to have the right mentality to hold on to your convictions and beliefs.

Two years later, I saw my initial principal investment fall from $3,600, down to $1,500. Because I lacked an understanding of my what, and my why, I sold it immediately. That expensive mistake cost me my first $100,000 because those 6 coins, went on to become worth over $120,000.

In 2017, another bull run happened in the market and this is when I made my second costly investing mistake. When we experienced a big price increase, instead of selling and locking in my profits, I decided to hold on to my investment, and letting green rule my better judgement. What I should have done, was sold my initial principal value so that I only invested money that wasn’t technically mine.

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