Did any one lost 😔 hard earned money by doing some silly mistakes

[Galactus]

39 minutes ago, Amrita said:

Hmm emoley stocks are dangerous anipistundi naku its like playing lucky 7. I always come from 100k coins to 0 in 15 mins 

 

Trying to buy home looking but pandemic kada konni rojulu agudama ani alochinching.

Naa luck kooda anthe but I started investing in stocks , burned hands with options , may be around 3-4k 

but have been investing small amounts since 3 years , now I'm up 90% on whatever small amount I invested

If you are not investing then you are actually losing money with savings account because of inflation (unless its a high yield savings which atleast gives you some interest < 2%)

If you are doubtful , buy some index funds like SPY etc , recurring for a few years , it gives decent returns like 15% at least a year

or buy stocks of companies like Amazon , Apple , MS , FB , Google and keep them , they will keep rising every year

There are safe ways to invest in stocks 

there are also a lot of dangerous ways to lose money in stocks , just stay away from them and you will be good..

 

[Galactus]

1 hour ago, toranam said:

I lost 30k in 2017 by investing in crypto 😔 

Lost 10k worth altcoins in 2017 , ofcourse its as virtual money , nenu invest chesindi went 8x , lost most of the gains due to the crash , was left with just the principal

converted everthing to bitcoin in 2019 , now 3x my money invested , its small and not a big value

Ofcourse , I regret not selling during the alt boom in 2017. Tons of stupid alts were hyped and they are now nowhere.

[Amrita]

2 minutes ago, Galactus said:

Naa luck kooda anthe but I started investing in stocks , burned hands with options , may be around 3-4k 

but have been investing small amounts since 3 years , now I'm up 90% on whatever small amount I invested

If you are not investing then you are actually losing money with savings account because of inflation (unless its a high yield savings which atleast gives you some interest < 2%)

If you are doubtful , buy some index funds like SPY etc , recurring for a few years , it gives decent returns like 15% at least a year

or buy stocks of companies like Amazon , Apple , MS , FB , Google and keep them , they will keep rising every year

There are safe ways to invest in stocks 

there are also a lot of dangerous ways to lose money in stocks , just stay away from them and you will be good..

 

Naku asal e index funds ante teledu stocks ante teledu asalu basic idea ledu anduke i just stay away so as to not lose money but years and years nunchi bank lo money asalu interest rakunda undi.  Yeah i m losing money keepin in account. Luck anedi mana daridapulo  address miss ayyi kuda porapatu ga radu. Anduke naku teleni vatillo petti cheyi kalchukoley. Nenu payemnts aey including rent auto pay chesta i am not financially disciplined and pay fines alanti nenu evanni manage cheyagalana ani bhayam . Thanks for the suggestion i will start to read on this to get basic knowledge,.

[mustang302]

Aedho chinna amounts, mari 30k lanti amounts kaadhu..!

[Rushabhi]

4 minutes ago, Amrita said:

Naku asal e index funds ante teledu stocks ante teledu asalu basic idea ledu anduke i just stay away so as to not lose money but years and years nunchi bank lo money asalu interest rakunda undi.  Yeah i m losing money keepin in account. Luck anedi mana daridapulo  address miss ayyi kuda porapatu ga radu. Anduke naku teleni vatillo petti cheyi kalchukoley. Nenu payemnts aey including rent auto pay chesta i am not financially disciplined and pay fines alanti nenu evanni manage cheyagalana ani bhayam . Thanks for the suggestion i will start to read on this to get basic knowledge,.

It is not hard. Buy some ETFs with low expense ratio/ put in CDs/ high yield savings accounts/ treasury. All of these are better than for money to sit in banks

[DummyVariable]

I once won 2 dollars on the powerball lottery. Bought a scratch card with it and won zero. 

[Amrita]

6 minutes ago, Rushabhi said:

It is not hard. Buy some ETFs with low expense ratio/ put in CDs/ high yield savings accounts/ treasury. All of these are better than for money to sit in banks

I see ..i will explore. Thanks !

[friesNfrappe]

Not really but I have student loans adi oka vidham ga loss ye ani consider chestha.. by next year e time ki avi pay off aipovalani

[Galactus]

9 minutes ago, Amrita said:

Naku asal e index funds ante teledu stocks ante teledu asalu basic idea ledu anduke i just stay away so as to not lose money but years and years nunchi bank lo money asalu interest rakunda undi.  Yeah i m losing money keepin in account. Luck anedi mana daridapulo  address miss ayyi kuda porapatu ga radu. Anduke naku teleni vatillo petti cheyi kalchukoley. Nenu payemnts aey including rent auto pay chesta i am not financially disciplined and pay fines alanti nenu evanni manage cheyagalana ani bhayam . Thanks for the suggestion i will start to read on this to get basic knowledge,.

Don't worry , we all start somewhere , just keep reading and improving knowledge , I did not know much about ETFs last year too

I do Auto pay and its actually the best way to manage multiple accounts and bills , all my credit cards , bills are autopay

Regarding stocks ,  Robinhood lantivi easy to self learn , you can start small for like 50$ too ..

Also , if you have fear of losing money then try paper trading (Simulation) , Webull offers it, Webull can be a little bit overwhelming for beginners though , Good luck

 

[Amrita]

8 minutes ago, Galactus said:

Don't worry , we all start somewhere , just keep reading and improving knowledge , I did not know much about ETFs last year too

I do Auto pay and its actually the best way to manage multiple accounts and bills , all my credit cards , bills are autopay

Regarding stocks ,  Robinhood lantivi easy to self learn , you can start small for like 50$ too ..

Also , if you have fear of losing money then try paper trading (Simulation) , Webull offers it, Webull can be a little bit overwhelming for beginners though , Good luck

 

I see..Thanks i will look into this.

[Spartan]

 

[Picheshwar]

29 minutes ago, DummyVariable said:

I once won 2 dollars on the powerball lottery. Bought a scratch card with it and won zero. 

[rajahmundry_bullodu]

ETFs lo enta save chesthunnaru ?

suggest some good ones. is it good to invest in multiple etfs or just one is sufficient?

 

[odhu_le_macha]

2 hours ago, toranam said:

I lost 30k in 2017 by investing in crypto 😔 

Casino lo 40 K poinayi

[DummyVariable]

Just now, odhu_le_macha said:

Casino lo 40 K poinayi

NJ lona Texas lona living?