FriYaY is Investment day on GV!

Oh yes! I have two LIC policies (mis)sold to my parents when I still use to wear half pants in school. Till date, I am paying the premium🫣

Zerodha announced stock gifting and my brother offloaded a major stock to me. The stock went +24% during 2022, I got greedy and didn't sell. Today it is -38% 😭 😭

I have a story for my Nvidia colleague who has been in this company for 10+ years. He cashed out Nvidia stock worth 5L for wedding, that could have been worth more than 6Cr now.

2015 - It's my cousin's wedding, we are thick as blood. His best friend is coming from abroad to visit the wedding, and his friend tags along to have the whole 'Eat, Pray, Love' India experience. Our international guest is so overwhelmed experiencing an Indian wedding, on the last day he says he wants to gift me 2 bitcoins and my my cousin the groom 10 bitcoins as gift. We just laugh it off like noobs 'wtf is bitcoin bill, it's alright, you have a good trip across India'. Rest as you know is history

1. Lost money in crypto during 2016-17 in ripple etc and never re invested in crypto even after INFLUENZA'S suggestions 2. Lost huge in Paytm and lic ipo, sold Paytm at 50% loss, else would have been in 90% loss today, lic turned +ve now 3. I can Target exponential stocks but I am afraid to go all in, for ex. I discovered tamo, Kalyan, amd, nvidia and snps etc but couldn't multiply 10x due to less risk appetite. 4. Grandma stuck in Sahara scam 5. Mama sold lic to maa, that's some money back scheme and not pure term or pure investment scheme Looking forward for other people mistakes...

Should I count HDFC stock as of now? Invested heavily on HDFC Bank, currently sitting on some minor losses, downward averaging from last 1 year

Worst investment was held on to future group shares amid the court case throughout whole saga, reliance is truly evil.

My worst investment? I invested in PayTM IPO and sold it at a bad loss.

@ElonMast If I may add, this is such a 💎 thread

My biggest mistake is ADANI ENTERPRISES. I got in at 325 with 500 Shares and booked out around 650. There was no exit but i got complacent. Stock gave an exit around 3250 🥲

Invested heavily in future group. Never diluted just bought more. Especially in future consumer, I bought it 10 Rs a stock and it went to 70.i had 4x profit. Didn't sell at peak. Decided to hold on, for year.lost all the money. Decided never to play with stocks only MFs. Sad part is Biyani family is rich and getting funds to steal more money.

My Ripple investment went 16x in 3 months in 2016 december. I should have cashed out at the right time. I still hold all my coins.

Fell into the FOMO trap during 2021 Crypto boom and blocked 3L worth of funds. I’m not liquidating it anytime soon, so wont talk about the loss, but yeah. I wish I hadnt.

Holding Yes Bank from 125🙂

I have never invested in direct stocks. My worst investment mistakes have all been behavioral. Not investing more because I thought the market was too expensive. Market has only gone up since. Buying the dips but with very less amounts. I have with time realised how much is a good amount to invest in dips. Having a fixed income heavy portfolio. With time, I have increased allocation to equity to a significant value.

LIC is the most missold policy LIC Chacha reaches out to you faster than true knowledge

I bought RVNL on budget day it’s down 18%, bought PayTm @440 two days ago. A few years ago I was about to buy ₹50k worth of IRFC shares, I forgot to put the last zero. My ₹5k is now returning ₹25k, this could have been ₹2.5L of return. My biggest mistake was pretending to be a financial expert when in reality I should have just done an SIP for NIFTY50 index fund and a smallcap fund.

Invested 45k in crypto, now it is 15k 😔 The major effect is that '30% tax for crypto profits india' Now I regret

For me it’s : ULIP . Back in 2017 I had very little knowledge and the agent which used to take care of medical insurance suggested and sold multiple ULIPs . Long story short - I stopped paying premium to reduce further losses but for insurance which had a single payment frequency and lock-in of 10 years still see them growing with 3-5 % CAGR along with mortality and other charges being deducted . 🤧🤧

Two LIC & One ULIP; if I have done same invest in a Cap then it would be more than 50L