Anonymous
It could be stocks, gambling, scams, your partner cheat your money and run away hahahahaha
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Nigel Tan
16 May 2020
Executive Senior Financial Planner at Great Eastern Life
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Zachary Teo
13 May 2020
Art Director at Ad Agency
I lost mine to Penny Stocks. The most dangerous kind of trading which everyone pump and dump. But luckily it is not a lot, around USD200. I learnt a lot about human behaviour, read charts and candle sticks, financial reports, SEC fillings, and a lot more. I guess the USD200 is worth it.
I have since move on to trade stocks at a higher price point as it is less volatile.
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There were few other instances where I misplaced my stuff. But this was the greatest lesson.
Lesson learnt: Always be careful with my personal belonging. Ever since then, I have not lost any expensive items
Lesson learnt: Always ensure that you are purchasing from a reliable source and verify your siurce before purchasing.
Lesson learnt: Since then, I have learnt to look out for key words and key t&cs (such as the guaranteed sum assured)
Lesson learnt: Ever since then, I have did a lot more research and now I no longer dabble with options lol.
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I listened to a bad advice from my friend, telling me to buy Bitcoin without having much knowledge myself. Ended up losing thousands.
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Jayden
12 May 2020
Manager at Board
Yes i lose money in MLM. Moral of the story is dont trust those distant friends.. haha....
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I lost money from a few bad tips from my stock broker introduced by my dad. He's been in the industry for over 10 years and he recommended some oil exploration company that didn't do so well during the year where oil crashed.
Luckily it wasn't that big of an amount since I didn't have much to start with right after my army days. It's a painful lesson but a meaningful one.
from there I learnt to evaluate companies on my own and made decent returns (esp during the REIT boom last year). the point is Always DYOD before doing anything!