I’ll go first…after 10 years of speculating in the market (read: gambling in high risk assets) I realized I shouldn’t ever touch a brokerage account in my lifetime. A monkey would have made better choices than I did. Greed has altered the course of life many times over. I am at an age where I may recover from my actions over the decades, but it has taken its toll. I am frugal and have a good head on me, but having such impulsivity in financial instruments was not how I envisioned my adulthood. Its a bitter pill to swallow, since money is livelihood of my family, but I need to “invest” all I have into relationships, meaningful moments, and fulfilling hobbies.
I continually fight this myself. I made a fair amount of profit in crypto, but I 100 percent realize that it’s just blind luck. I like the idea of it and I love the news about it, so it’s very difficult for me to not to go 100 percent in every time I see a trend!
So far, I’ve resisted the urge to go to crazy with it, but ugh, it’s tough . And I lie to my gf and tell her that I just follow, but don’t invest. So I’m pretty much the kind of asshole that I grew up despising. lol
I’ve never invested more than I can afford to lose, and cash out the minute I make a little profit. But I can see how addicting it is and how easily some people could fall off the cliff.