How I Lost $100,000
Today, I share the story of how I lost $100,000 – a mistake that’s surprisingly common for those working at companies/corporations. Learn from my mistsake so you can avoid making the same one. Enjoy!
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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⏱️ Timestamps:
0:00 – Start Here
Has this ever happened to you? Let me know in the comments! Thanks for watching and Happy Thanksgiving 🦃
@humprey , Did you lose money on the sava trade or did you make money? I made 3k ish. (On an account of 3k, so I doubled my options holdings).
CRAP. I m 6 Times Poorer thatn You BYTT i KNOW 8 RELIABLE STOCKS To propose you. if you pay m 5000 front 5000 whenever you want… if you judge i benefitted you
Dang if only Kate Upton did more commercials
HAHa
I’ve lost money before because I got scammed and it was thousands. I’m less and less embarrassed of it now and don’t think “what if I never lost it” because it’s no use. I reached 100k networth this year and get bonuses at work. My mindset is that money is abundant and always finds me!
I was actually an angel investor, and owned a 60,000 shares of a startup. Unfortunately, we were not successful, and I lost 85% of my investment. We had to sell out to a non-public company, and then wait 10 years for them to go public.
We were trying to get rich, and we knew it was a gamble. At that time of my life, I could afford to lose $80K.
Just curios
Would you still consider yourself a wealthy individual or did you lose everything ?
I’m sorry to hear that but you taught me something new today. Thank you for going over this. Cool Governator pic!
thanks haha
That so sucks, Humphrey. I went through the IPO process with a startup back in the late 90s. We were in a blackout period when the NASDAQ tanked and watched while the share price plummeted. When I left the company the following year I did a sell to cover so I spent no money of my own to exercise my options. From that moment the share price dwindled down to penny stock status and then was delisted. The little bit of money I would have gained by just selling everything at once vaporized. Live and learn.
This is pretty typical of IPO’s. Most ipos are fly by night companies that fail, go bankrupt, and get delisted or relegated to the OTC market
I actually played Game of War for a couple years. I didn’t realize that they replaced the MZ head, but somewhere in that timeframe, they completely destroyed the GoW experience by diluting the value of prior in-game purchases by always adding higher cost “improvements”.
Eventually they lost their whales and most players left the game. Not surprising that the valuation of MZ dropped.
I would have done the same as you. Seemed like a no brainer. Getting in early on a Billion dollar company, buying options for $5 a share seems like the right thing to do.
Made you the expert you are! Thanks Humphrey. Stay on course with your channel and content.
Thank you for sharing your story. This is very informative for me (and friends). Sorry for your loss, but you were motivated and bounced back!
Im sorry man, but machine zone is extremely predatory in their monetization in mobile games. They literally exist to prey on young kids. You reap what you sow.
Do not think of it as losing 100k, more like it was a good lesson and made you better. Much love from China
THANK YOU for sharing. A lot of scams, and I’m not saying this is one, but in many ways, people lose a lot of money. They tend to keep very quiet about it, because it’s embarrassing, and it hurt your ego. But that’s why they are able to prevail, I appreciate you not letting your ego stop you from sharing this important information. This is why I’m subscribed.
I joined a company that was bought. They transferred my stock into the new company stock and added some. Awesome. Then that company got bought. Again, they rolled over my remaining stock and gave me more stock. Then they laid me off and took the new stock and my remaining old stock. I was so mad. I was a few months away from my final payouts.
With markets tumbling, inflation soaring, the Federal Reserve implementing significant interest rate hikes, and treasury yields rising rapidly, portfolios are seeing considerable losses this quarter. I’m at a crossroads, debating whether to liquidate my $125K bond and stock portfolio. How can I navigate and potentially profit in this volatile market?
I agree, just because the market presents opportunities doesn’t mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now.
Her name is ‘Kenia Giordani Borges’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
I’ve got about 160k in RSU’s for a private company, payable only during a liquidation event — company chooses to buy back some of the stock or IPO. Kinda weird since you indicated RSUs were a bit safer, yet most of what you described in stock options applied to me.
NBD if I don’t get them, though. I could theoretically make more by moving, but at this point it’s not guaranteed and I prefer to have seniority in a company.
EDIT: Forgot to mention, I have also lost 100k — by leaving my 401k in a default target date fund instead of the S&P500. Only took 15 years for that big a difference to materialize, too — and it’s the youngest 15 years wherein target date funds should be heavily in stocks in the first place. So yeah, *THAT* one I’m salty about.
You never had those 100k. Then we all lost millions not investing in Nvidia or tech.
I retired at age 53 and am now in my early 60s. Many people resisted me because they couldn’t understand the idea of not working if you don’t have to. I considered my life to be in phases. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to “stop and smell the roses.” After I retired, I left the nation and now reside in Latin America. I was able to enjoy my new surroundings and escape from all the bad things that were going on in America. I haven’t yet encountered anyone who laments their retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It’s unfortunate most people don’t have such information. I don’t really blame people who panic. Lack of information can be a big hurdle. I’ve been making more than a million dollars by just investing through an advisor, and I don’t have to do much work. Doesn’t matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I’ve been stalling for a long time now. I don’t really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors can be a personal choice sometimes, but I work with Kris Lizette Dornbush. She can assist you shape your portfolio and that would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her
This is an important video but it’ll go over a lot of people’s heads because they want to get rich. People need to know how to avoid risk
Great video Humphrey
I sold most my positions during the dip at a loss and now those stocks are doing well. Most of my holdings are in cash of about 300 grand now. How do I stay invested and think long-term to help me ride out the market’s ups and downs.
Follow the S&P 500 by investing in ETFs like VOO, SPY, and SCHD. Dollar-cost averaging into these ETFs will likely outperform most investors in this bull run.
It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why having guidance is important. I’ve been in touch with my CFA for about 3 years now and although I was initially skeptical about it, I will say I’ve made more progress within a that time frame generating 7-figure profits.
This is incredible. Could you recommend who you work with? I really could use some help at this moment.
My CFA is ’Sophia Irene Powell’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I’ve just looked up her full name on my browser and found her webpage, very much appreciate this
For the Newbie if you are actually trading in the crypto space and you don’t have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that’s sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $31k and I’m up with $232k in a short period of time. Thanks to Milton Harper.
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
Milton Harper program is widely available online..
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
Milton’s analyses delve deeper than surface-level trends, encompassing technical, fundamental, and sentiment analysis to offer a comprehensive view of the market.