One major setback but was grateful
One major setback I had was believing in a high returns investments which turns out to be sort of a pyramid scheme. I was introduced by a friend of mine who has been investing in this platform for one + year so I was convinced. At that time I was DCAing into a portfolio and the stock market was starting to go downhill. Being new to investing (around 1 year ago), I was worried and greedy after seeing the high returns. I lost a huge sum of my savings (8k) after transferring more money to the scam from my current investments.
Fast track to today, I learnt to be wary of promises of high returns investments and stick to the ETFs/Stocks. I also learnt to follow my investment plan and continue to DCA regardless of market conditions since I have done my own research and believe in the ETF/stock. IIt's a painful lesson but I was grateful that I learnt it the hard way early in my twenties and still could earn more money in the future.
P.S recently I submitted documents with the possibility of claiming some money back as the platform was liquidated by the authority
Fast track to today, I learnt to be wary of promises of high returns investments and stick to the ETFs/Stocks. I also learnt to follow my investment plan and continue to DCA regardless of market conditions since I have done my own research and believe in the ETF/stock. IIt's a painful lesson but I was grateful that I learnt it the hard way early in my twenties and still could earn more money in the future.
P.S recently I submitted documents with the possibility of claiming some money back as the platform was liquidated by the authority
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