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HUMOR
How I Lost A Million Dollars In 30 Days
It was a lot easier than you think
Growing up, my father preached the importance of sensible investing. He also told me to avoid volatile assets (such as Bitcoin), as there was a strong chance of my investment going to zero.
Sadly, my father was correct. I recently lost a million dollars in 30 days. It was extremely depressing. However, I want to share my story so that others don’t make the same stupid mistakes.
Here‘s what happened:
I Invested My Life Savings Into Risky Cryptocurrencies
My father works as a banker on Wall Street. He tells my family to invest in bonds, treasuries, and several other things that have little chance of going to zero over a 30-year timeframe.
But as a rebellious young adult, I refused to listen to my father. “Don’t invest more than you can afford to lose,” is what he told me every day. However, I was willing to lose everything.
In some ways, that controversial mindset gave me an advantage since I was prepared to take on more risk than most investors. That’s why I invested my life savings (approximately $1.2 million) into sketchy cryptocurrencies that random people promoted on social media.
