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Well after spending 20k on gold then having the biggest loss in 30 years I give up.

I've invested in currency, stocks and metals.

Lost my shirt on all of them. Never made 1 dollar on over 60k of investments.

Last investment I'll make is a house which I'm sure will lose 20% value one year Later. But what can you do? I've waited 10 years for a correction already.
 

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Why don't you just invest in a portfolio of index funds, with a decent allocation to help you deal with your risk factor? It's a pretty simple way of approaching it. It's not glamorous. It's not fun. It's not even that interesting.
 

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How about core and explore.
Core = index funds. Explore = casino money ... pick high flyers.
Core = large allocation. Explore = small allocation. Unless you feel lucky.
 

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Based on the amounts quoted, I don't know that this is the worst ever.

When the dot com crash happened, the Globe and Mail profiled an individual who started out thinking he knew technology stocks. According to the article, post dot com crash - he had turned $160K into $39K and was facing his third margin call (so the losses exceeded $120K).

I'm thinking he didn't learn his lesson as the article started with him commenting that it was his choice but by the end he was saying the better technology to react quickly that big players have was the main reason for his losses.


Not that it helps with your losses.


Cheers
 

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OP: Don't feel bad. There are many investors around who started off with disastrously results. It seems to me that you are speculating, not investing. Speculating is fine if you are doing it with a small portion of your portfolio but for most of your portfolio you should be investing by taking prudent risks. I don't know what you mean by "lost my shirt" on stocks because if you are investing regularly in a diversified portfolio, you should be making modest returns.
 

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sometimes loosing money is an expensive lesson that is needed... when 08 crush came, i was down 30g's at one point for a while but I got lucky by doubling down and waiting it out... that was a painful lesson for me, but it was well worth it at the end...
 

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I'm thankful I couldnt figure out bitcoin or I would have lost even more.
Bitcoin is simple, instead of an arbitrary rare metal being "valuable", it's an arbitrary rare series of numbers.

Except there is some utility to precious metals, there is no utility to bitcoin, it's just a "currency" with no government support.
 

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Emperor
You are a speculator.

It is certainly possible to lose without limit in speculations. If you wish to become an investor, you need to stop following hot tips and start learning how to make money work for you long term. This does not involve intuition. It is making the odds work in your favour over the long haul.
 

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Emperor, not much to add to what others have said. You are a speculator, not an investor.

So the question becomes: are you "Worst speculator ever"?

No you are not. As far as speculation goes, your results are very typical.

You need to learn the difference between speculation and investing.
 
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