Just been on a few trading chat forums and came across a post a guy put up.
āBNGO down 10k on this today. 2 months wages gone. If it doesnāt go back up Iām gonna kmsā
I did engage in the post telling him that he should value his life more than value money. Making 5k a month? End your life over 2 months wages? Over money?
Itās a sad thing when people lose money but thatās all it is, money. If youāve a bad day, week, month or year with your investments folks donāt be given up hope for life. Reach out to myself via pm Iāll be more than happy to share stories of the amount of times Iāve pretty much lost it all.
If your living for money your wasting the most important thing in life. Yourself.
Ill leave a quote from my most inspirational song when Iāve a bad day at the office,
āSome things in life are bad
They can really make you mad
Other things just make you swear and curse
When youāre chewing on lifeās gristle
Donāt grumble, give a whistle
And thisāll help things turn out for the best
And
Always look on the bright side of life
Always look on the light side of lifeā
This post is a great example of the risks of chasing hype and FOMO, along with inexperience, it should be pinned somewhere!
I must admit getting annoyed seeing everyone putting money into these penny stocks and seeing 300% in a week, but thatās not what Iām here for. Iām here for life long investing into established, profitable and valuable companies.
Iāve lost a lot of friends and family to it and I know at least 6/7 of them it was for money problems.
Losing money isnāt the end of the world itās just the end of that pot. Now you have to figure out how to fill it again and so it goes on.
Donāt get me wrong Iāve made some terrible choices at times with money and lose it but, it was my choice and Iāll live with the consequences whatever they may be.
You have to make a lot of mistakes in life trying to achieve your goals and targets. You know youāve been doing something worthwhile when it does work out for you
The number 1 rule of investing :- Only invest money you can honestly look yourself in the mirror and afford to loose
I would suggest that when experienced investors are discussing stocks on the forum to always include a caveat about the riskiness of investing in the stock market
I do worry that some newbies can easily jump on some of the information theyāve seen here without understanding the risks involved.
Absolutely but, you have to make mistakes and learn from them. A baby falls over a million times learning how to walk but, they learn from it and itās not long after they are up running about the place
Exactly a baby has all the time in the world to make mistakes and learn, adults donāt have such luxury. One should learn from minimal risks if they are made aware of it
This is probably the most important thread I have read on here with some sound points made. Especially about only investing money you can afford to loose. I started back in March with a lump sum and now adding at least Ā£100 month to portfolio. So far so good. Before hand though I did some research using various sites on different companies. Made a few mistakes and sure will make a few more but would echo what other have said and advise to not rush into investing. Itās not for everyone. When I first started I was checking how it was doing everyday and would let if effect my mood if some investments had dropped. Thought about quitting. More relaxed now as generally they bounce back and as mentioned using money I can afford to lose which Is a situation Iām lucky to be in. I have one penny stock investment which is only about 2% of my portfolio. I believe in diversification.
I lost about 5k monthās back with CFD. It was hard to tell my partner about it at first. When I told her she was calm and put me at ease. Took a break from trading, cleared my mind and saved more. I got back in slowly into trading and more aware of the situation. Safe to say, Iāve just broke even and in the plus again.
Main thing I got from trading is to have strong clear mental mindset and tolerance level to profit/loss.
For the person with 5k salary. Enjoy your good fortunes and donāt worry about the bad day. Itās all temporary, learn, laugh, Live about it!
Fair play, I know I am not a trader personality wise and also I wouldnāt want the stress/anxiety. I find I am happy to get more steady gains by slowly considering moves. All about finding your own appetite and what works for you. Hope it goes well for mate.
My partner was skeptical and not very supportive when I told her Iām researching entering into the stock market to invest, last June. Key word invest. She heard āstock marketā then thought lose all money.
Iāve spoken to her about putting her savings into VUSA, just VUSA, as sort of a high yield savings account but she wonāt have it. Into the 0.1% bank account it goes to devalue over time.
Iāll have the last word in a couple of years time when Iām looking at 25-50% returns hopefully
Yeah Iāve tried explaining the same thing to countless people!! A great book by Richard Kawasaki called āWhy the rich are getting richerā. Just wrap in nice paper and give her it lol
fair point though Iām 80ās through and through
get told about all the things she could have bought for the house 
