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RE: It Is Easy To See Success After It Happened

in LeoFinance4 years ago (edited)

Well, I dunno.
You make it look too easy.

There have been many projects I believed and invested in early on where I am now at a dead loss. I lost a couple thousand bucks investing in Modum.io (project is actually far from dead and still looks quite successful but took a turn in which I do not profit from it anymore), SophiaTX (dead, probably was a hoax from the beginning), both seemed to do great with big partnerships like SAP and EY. Auxly Cannabis (a stock - no crypto) which was said to take off during the legalization run but then was watered down by the company going for fresh capital... I could go on for half a dozen other projects where I burnt money.

I am not drawing any parallels to LEO but I'm just saying that this is high risk investment and there is no guarantee for nothing. It hurts most people more to lose 1000k USD then it joys them to earn them.

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No doubt about it. Buffett had rule #1: dont lose money.

It is not easy to pick winners and losers. A lot of effort foresight and research is required. I can assure you, I had my share of losers too. I dropped $11K into a small cable company that ended up as nothing. It basically went belly up.

The stock, ironically, still trades as a shell OTC which has it in my account. It is only worth a few bucks but I sit there and look at it.

Such is life.

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