Topic: From grace to grass:Reasons why a Well to do investor turned a nobody. - page 3. (Read 685 times)
December 08, 2022, 03:42:04 AM
The main reason why they do not succeed is that they are fixated with their own strategy which they have been using in the past. They have to change since the financial world is continuously changing. They need to adapt and adopt new strategies to remain successful. A successful investor will always be learning, not just to be better at investing but to also enjoy the process of investing. A good thing that they can do as a start is to look at the reasons why they failed in the past and try to improve themselves from it.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
December 08, 2022, 03:10:25 AM
Those financially secure investors are constantly trying to chase more profits without looking at themselves or changing strategy based on their surroundings. They need to focus on choosing their investments and study more to determine which can provide more returns. Or it is because they are so greedy in their pursuit of profit that they forget there is a time to pause and enjoy the results. But whatever it is, they should continue learning because by learning that they can improve their ability to choose well.
December 08, 2022, 02:14:54 AM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
1: Strategy in business is one key factor that when well planned, articulated and put to action does make for an increased productivity in business and any strategy that is not inline with the kind of business you are dealing with will end up bringing you losses. So sometimes when people that were doing so well financially start reducing to nothing then it's not just that they failed to strategize perhaps it could be that they put forward a wrong strategy as financial plan.2: Yes, failure to put more effort to keep maintaining their financial status could be one reason for a financial downfall of an individual. There's so much competition within the business environment and any one that slacks in effort is giving room to the upliftment of another at their own peril. It's just like the saying goes "if you snooze you lose".
December 08, 2022, 01:11:11 AM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
There could be multiple reason, but some that I think might be the cause are:1. They got really lucky, but luck didn't favor them till the end.
2. Greed destroyed them. They were doing good, had everything, now wants more but ends up taking wrong decisions resulting in an irreversible disaster.
3. They probably got lazy, wasn't working as hard as before and ended up losing everything.
4. What they had was no longer sustainable due to "economic changes".
December 07, 2022, 10:12:47 PM
Are we talking about a real investor that start from scratch to hero and then he loss all of his wealth, or we're talking about people who flex their wealth while they're actually broke?
If it's the first situation, I think it's a lucky investor that make money from shitcoins, but when he want to invest in risky shitcoins to make more money, they're rekt since the shitcoins crash and only worth for penny.
If it's the second situation, those aren't an investor and doesn't a rich person at all, but they're force to have luxury lifestyle in order to satisfy his emotion and get respect from many people.
If it's the first situation, I think it's a lucky investor that make money from shitcoins, but when he want to invest in risky shitcoins to make more money, they're rekt since the shitcoins crash and only worth for penny.
If it's the second situation, those aren't an investor and doesn't a rich person at all, but they're force to have luxury lifestyle in order to satisfy his emotion and get respect from many people.
December 07, 2022, 10:05:21 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
It's going to totally depend on the person. But if I were to guess, the most common problems:
1. They got too greedy and probably overleveraged or put too big of an allocation that ended up being a bad trade
2. They simply didn't perform good enough
3. They were bad investors in the first place
The points you said are correct and apart from your response I have read some response who only looking at the individual, that is the person fault that couldn't grow beyond the nose and push his business far and more. I have know that some business also crash not because the individual has no good plan or his fault but that government policy can crash someone out of business. I have see this happen different times. If the government policy is hard on your line of business the rate of survival for the business can get affected. Banning some kind of goods commodities into the country is example.
War can also affect business and we can all see what is happening in Ukraine as example. Some company will crash because of war.
Disaster both natural and human, disaster like flood can cause even a community to crash, lose everything etc A business location in the flood area is not surviving.
December 07, 2022, 07:25:59 PM
There are a hundred possible reasons for this. An investor or a businessman or somebody who is financially well losing all his/her money is not just a failure of business or investment strategy. It could even be personal.
- He/she entrusted his/her wealth in a centralized platform such as FTX.
- His/her investment simply failed.
- His/her business becomes obsolete or out of taste. He/she wasn't able to innovate along with time.
- His/her business is severely affected by macroeconomic factors.
- He/she is consumed by vices.
- He/she failed to manage his/her finances, spending much more than his/her earnings.
- His/her trusted financial manager stole and squandered the company's money.
- He/she lost interest of his/her business.
- He/she got into depression after a divorce or whatever.
- And many more possible reasons.
December 07, 2022, 05:57:30 PM
what can actually be the cause of the downfall of someone who was already stable financially?
Really depend on how their respective life turned out into something.
Even with a professional approach, we have what we called a "worst-case scenario".
a) First time dealing with the worst problem they encounter on their business or investment
b) Didn't anticipate that something big is bound to happen that might put them into bankruptcy (e.g pandemic)
c) There's a "mole" around that always being jealous of the success of others that's why they will do everything to make that person fall
Lots of possible scenarios to mention....
However, these worst experiences can make the investor become more knowledgeable and smart while they are finding ways to address those issues. Surely, they will soon bounce back and will reach the status again of being financially stable as long as they will be serious about overcoming the problems they have encountered.
December 07, 2022, 05:48:28 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
They failed because they are not very careful on their investment, they are to greedy to step in on new opportunities without even thinking the risk that's why they end up losing their money there. If more people will do there due diligence to seek for more better information regarding on what they want to do and seek for advice on their love ones on the decision they want to make for sure they will have second thoughts for listening the advice that can cause them huge harm for creating bad decisions in life.
December 07, 2022, 05:43:16 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
most rich businessmen do not value themselves on actual cash in pockets amount. but on market cap/ company valuations of vapour money
this is to say imagine you start a business and you seeked investment of $100k for 5% of company
it vapours a value of $2m but only $100k of real money exists
businesses pretend they have $2m to play with or $2m of stuff they can sell to creditors if things go bad..
but if they over extend themselves and spend the $100k real money and then get into debt about the vapour value.. boom fall from grace instantly
December 07, 2022, 05:42:15 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
If you do come into a point into your life when you do able to achieve your goals or into those targets then you would be usually be putting up that not similar effort before.I could say that it is something part of our instinct on getting contented and ends up on not be able to handle your business or investment just because you are cherishing out
the fruit of your hard work but not all is really having this kind of behavior on which there are ones who cant just stop and dont let things to be going down
or they would really be going back on where they are before, this is why they are striving their best to maintain and sustain for longer runs.
If you dont like for it to happen into you then it is really just normal that you would be finding up ways continously without trying out to mishandle those things that you've
worked hard.
December 07, 2022, 05:38:50 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
What you tend to find is that people who work hard through their whole life and establish a fortune, will tend to learn how to hold on to it. The exceptions being company owners who do not cash out and diversify before their company crashes for some reason. Besides that you tend to find the people who start with big money and end up with nothing are 2nd or 3rd generations within a rich family who never actually had to learn how to make money but will fritter it away very fast. It's extremely easy to spend money even when you have lots of it, but understanding how to retain it and live within your means can be too much for certain people who never had to go out and grind it.
December 07, 2022, 05:30:01 PM
People have a hard time adjusting to new things it's a sign of aging. When you're young you can change as much as you want and have less you need to spend on too but as you get older you become more static and fixed (if you fall into the trap I guess). This is for the few % of people that don't fall under mk4's 3 other methods.
Some people just get bored and give up or try to find themselves in younger people and lose their money that way.
Some people just get bored and give up or try to find themselves in younger people and lose their money that way.
December 07, 2022, 04:43:53 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
A lot of reasons can make a successful person to fall to nothing. Its easier to look from the outside and say the person squandered his money or didn't invest well or was greedy.
I've seen a rich man spend all he has in the treatment of his daughter when she got sick. In fact it was all his family has.
It may be that the person didn't invest well or he did and lost his investment like the case of FTX or a nasty devorce. There are so many possibilities so you cant just pick out one or two and say here it is, here is the reason this person lost all his money. Life's not black and white. A devorce can lead to depression. Depression can lead to drugs and alcohol. Drugs can lead to bankruptcy. So there is no definite reason why people go from "grace to grass'".
December 07, 2022, 04:19:02 PM
There are numerous reasons on why a wealthy individual or investor could suddenly lose all the accumulated wealth and go bankrupt overnight.
Greed plays an important role in investors losing out on their investments. When an investment looks too good to be true, it most likely is. People fail to realize this early enough and only when it’s too late and impossible to back out, that is when the most clears from the mind.
I think greed is the no 1 and most important factor that makes investors lose out. There are numerous reasons, of course but greed, in my opinion trumps all.
Greed plays an important role in investors losing out on their investments. When an investment looks too good to be true, it most likely is. People fail to realize this early enough and only when it’s too late and impossible to back out, that is when the most clears from the mind.
I think greed is the no 1 and most important factor that makes investors lose out. There are numerous reasons, of course but greed, in my opinion trumps all.
December 07, 2022, 03:48:23 PM
I think this has nothing to do with Bitcoin so, it's inappropriate to be a thread that's on the Bitcoin Discussion.
Anyway, those that have come from nothing to something. They're mostly the people that will really take care of the status that they've made and as in anything that they've achieved because they've worked hard from it.
But those that go easy on their lives even if they've come from nothing and turned into a hero but without discipline, they're the ones that falls at most times.
It sums up to the idea that the biggest and most important thing in terms of money-related topics should be studied well like from having the basic knowledge on money handling and also to monitor the spending habits.
Anyway, those that have come from nothing to something. They're mostly the people that will really take care of the status that they've made and as in anything that they've achieved because they've worked hard from it.
But those that go easy on their lives even if they've come from nothing and turned into a hero but without discipline, they're the ones that falls at most times.
It sums up to the idea that the biggest and most important thing in terms of money-related topics should be studied well like from having the basic knowledge on money handling and also to monitor the spending habits.
December 07, 2022, 03:39:26 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
It's going to totally depend on the person. But if I were to guess, the most common problems:
1. They got too greedy and probably overleveraged or put too big of an allocation that ended up being a bad trade
2. They simply didn't perform good enough
3. They were bad investors in the first place
December 07, 2022, 03:15:39 PM
So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
Jump to: