Asked by Anonymous

Hey guys! In this time of WC, I would just like to bring about a general question which I'm sure everyone has at least come across once before: How do you guys deal with monetary losses, be it from stock investing, gambling, wrong purchase decision?

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    • YY Yin Yu
      15 Answers, 31 Upvotes
      Answered on 23 Jul 2018

      Stock investing:

      That's part of the learning process in investing. Infact, this makes me realise that i need to learn more.

      Understand that it is a "wiser choice" to minimise sunk cost as early as possible, then you will feel better

      Gambling:

      Everyone knows that the chances of winning is not high and it does highly depends on luck. So pre-condition yourself not to feel sad about losing gambling money

      Wrong Puchase Decision:

      It happens, resell it or give it away (can consider as a charity act :p )

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    • Ck Chai
      68 Answers, 97 Upvotes
      Answered on 23 Jul 2018

      Accept it, learn from the mistake and move forward... What's done cannot be undo.

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    Isabella Jo
    48 Answers, 72 Upvotes
    21 Jul 2018

    Accept it and move on. Learn why it happened and take it as a course fee.

    Good luck!

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