Generally in life we take decisions day in day out and some of those decisions we took have turned out great even when we didn’t really put much effort into the thought process that made us to take that path, but there are some that have really been terrible not because they are bad but probably the timing wasn’t right or other people didn’t see it the way you saw it and for that it has really affected you in a negative way.
Investment decision is pretty much like normal everyday life decisions but because there is a financial involvement or commitment we tend to take a lot of time thinking about it, consult financial advisers, lawyers and in some cases consult oracles, soothsayers, fortune tellers and stuff like that.
Yes, investment decisions are not so easy to take sometimes, for some people taking the wrong decision has cost them their life savings, while for other it has lifted them out of poverty. There are people living with so much regrets in the life because of the decisions they took, it has even pushed some to go loco (crazy) or even causing them to take their own live.
There is this saying that the bigger the risk the higher the gain, but we know that in life nothing is 100% certain. When I was working in a stockbroking firm back in days, there were so many blue chip companies you recommended to client’s to buy into based on the financial document we read to judge whether they were a good buy or not, I remember opening the newspapers sometimes and getting the shocker I didn’t expect because a company was ducked manipulating their financial returns so that people will find them attractive to invest in.
Thank God for technology and forensic accounting most of what we are presented with now are fairly correct, but there is still a but, because people still find a way of playing the system. People in government or politicians in conjunction with companies management still have a way of altering things to work the way they want it.
I had bought the share (stock) of a bank worth about $830 back in the days, and everything looked good, but suddenly my investment turned to $0 when the MD of the bank was arrested for financial malpractice and money laundering issues, the bank stock price was first frozen at the exchange and then there came the banking consolidation reforms where commercial banks in the country were to increase their capital base from 2billion to 25billion. At the end of the process the total registered commercial banks in the country went from about over 90 down to just 25. Some successfully merged but some didn’t just make it or were taken over. For me that was a bad buy which I laugh at now and even tell some one the story if i wanted to tell them they ain't lost nothing yet. Lol.
I bought a landed property in an undeveloped area for about $2,500 and after 8 years some development started happening in the area. I had some issues getting funding for my business because unfortunately, at that time banking personal or marketers didn’t understand web related services and didn’t want to loan money to a business they didn’t understand. So I sold the landed property for about $6,000. That was really a good one and I was happy about the investment and how it helped me fund another business.
For me now, I take a critical look at an investment before investing in it, sometimes I let my gut feeling decide for me, while sometimes I go in gradually. Sometimes I allow it to go. In all, I try not to regret the decisions I took, because you can’t win all the time. So, even if my decision doesn’t go down well at the end, it doesn’t cause me depression and I don’t think it should.
Image Credit: I took the picture in front of NETTO Parking area in Newcastle a while back.
Thanks for reading my post, like I always say, upvote it if you liked it I’ll truly appreciate that. Keep your comments coming and follow me if you have not already done that. Again, thanks a lot for your support to me always.
If you are a good content creator and post daily wouldn’t you like to earn more rewards via the upvotes you receive? Here is introducing @upvotebuilders!!! A delegation based community. You can join any membership level you want based on your delegation to the community pool. You can check out our latest report below:
Join Partiko And Earn Free Points
I’m using Partiko to make friends and have fun on the Steem blockchain while also earning points which can be exchanged for upvotes. You should as well! Here’s my invite link:
You will get 1000 Partiko Points for sign up bonus, and you can exchange them into Steem token!
You Need To Join Qurator
Are you a good high quality and original content writer? Then you really need to join Qurator, they have a lot of benefits that will help build your account, improve your writing skills, increase your understanding of the project and they have a lot of weekly competition going on. There are also many opportunities to earn more once you become a member of the community. You can check out my post about how to be a member and other ways of taking advantage of what the project has to offer here.
Actifit: An innovative dapp that rewards your everyday activity! Why not click here (my affiliate link) and join today so that you start earning (AFIT) tokens and STEEM rewards via upvotes on your Steem posts. Please join using my referral link below: