1. #36
    thechaoz
    2019 SBRs Toughest Poster
    thechaoz's Avatar SBR PRO
    Join Date: 10-23-09
    Posts: 12,013
    Betpoints: 1295

    Quote Originally Posted by Optional View Post
    Expensive lesson but I got over it

    Was around 2004.

    I can still recall the feeling the day I found out though. Ugh.
    What was the type of business? Just curious that's all. Be vague if you must

    $20
    Angelman
    donation 02/15/2021


  2. #37
    Alfa1234
    Alfa1234's Avatar Become A Pro!
    Join Date: 12-19-15
    Posts: 2,722
    Betpoints: 2525

    Life savings that went into buying garden furniture stock for my 3 shops.

    In the process of moving it from 1 rented warehouse to another that we just purchased (this took weeks), 90% done when the new warehouse burned down. Due to the move, impossible to prove exactly how much was moved to the new warehouse and how much wasn't. Big insurance issues because of that. Went bankrupt 1 year later before insurance paid...still have not seen that money back as curators refused to go through a lenghty and expensive legal battle.

  3. #38
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 373,513
    Betpoints: 1903

    Crypto

  4. #39
    chico2663
    chico2663's Avatar SBR PRO
    Join Date: 09-02-10
    Posts: 34,428
    Betpoints: 1470

    Quote Originally Posted by dlowilly View Post
    For me:


    -Cryptocurrency

    -Fannie Mae and Freddie Mac stocks

    -Tailing fudgyb

    Some of the worst investments I have made have been from reading gambling forums. Take it from me, do not tail posters on gambling forums about ANYTHING. If you have to do something, fade or go contrarian to what is being discussed. I'm not saying posters are out to mislead you, although there are some that are, but if it's popular with a bunch of gamblers then contrarian will probably profitable.
    Bought trump stock back in the day. Went from 7.00 to nothing in the drop of a hat. Now you know why i'm not a fan

  5. #40
    triplecrown333
    triplecrown333's Avatar Become A Pro!
    Join Date: 07-13-14
    Posts: 1,523
    Betpoints: 78

    delete...

  6. #41
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 49,668
    Betpoints: 186672

    Quote Originally Posted by thechaoz View Post

    What was the type of business? Just curious that's all. Be vague if you must
    Network of traffic sites earning adult site affiliate income. One of the bigger networks and better performers in the industry at the time.

    Sold out at the top of the market too. Just as end user broadband and hosting bandwidth costs dropping were starting to make sites like redtube workable. And they killed the profitability of the industry big time within a few years.

    Just got too smart/greedy with the funds.

    That is pretty much the reason I never committed money toward bitcoin investing too. Am still burnt about get rich quick schemes, which the Vanuatu fund was, in hindsight.

    $20
    Angelman
    donation 02/15/2021

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  7. #42
    HurryUpAndDrink
    HurryUpAndDrink's Avatar Become A Pro!
    Join Date: 08-23-13
    Posts: 13,061

    Quote Originally Posted by jjgold View Post
    Crypto
    Suckers got in last year at peak prices and now suffering the consequences...

    I told a friend a while ago, when you see everybody and their mothers buying and talking btc... you know is kinda time to kinda get out...

    Now that the frenzy and the hype are setting down we'll probably see a further deep to 5k in btc, thats when Ill rebuy again like crazy, cause now that the dust settled and many bought high and sold low... many technology improvements and advances will take the crypto world by a storm. Security tokens are gonna be a big deal. Utility tokens as well.

    There are literally DOZENS of FREE token airdrops monthly that anyone can claim just by supporting their channels and projects by signing up/following up social media. Nobody is talking about this... nobody knows much about this... I have already signed up to at least 30 airdrops in a month I have working with my new employers.

  8. #43
    thechaoz
    2019 SBRs Toughest Poster
    thechaoz's Avatar SBR PRO
    Join Date: 10-23-09
    Posts: 12,013
    Betpoints: 1295

    Quote Originally Posted by Optional View Post
    Network of traffic sites earning adult site affiliate income. One of the bigger networks and better performers in the industry at the time.

    Sold out at the top of the market too. Just as end user broadband and hosting bandwidth costs dropping were starting to make sites like redtube workable. And they killed the profitability of the industry big time within a few years.

    Just got too smart/greedy with the funds.

    That is pretty much the reason I never committed money toward bitcoin investing too. Am still burnt about get rich quick schemes, which the Vanuatu fund was, in hindsight.
    Live and learn bud!

    $20
    Angelman
    donation 02/15/2021


  9. #44
    grease lightnin
    &
    grease lightnin's Avatar SBR PRO
    Join Date: 10-01-12
    Posts: 15,991
    Betpoints: 2125

    Embarrassed to admit it but I own a small amount of Iraqi Dinar, a.k.a. toilet paper

  10. #45
    Crusherrr
    Please don't feed the trolls
    Crusherrr's Avatar SBR PRO
    Join Date: 06-27-16
    Posts: 2,999
    Betpoints: 115

    College.

  11. #46
    mikejamm
    Handcarved Ghostrider Guitar.
    mikejamm's Avatar SBR PRO
    Join Date: 08-24-09
    Posts: 10,559
    Betpoints: 96

    "Yeah, I bought some fake $10,000 stacks off the internet and then posted a video on SBR showing them and lying my ass off to reputable posters and got all those suckers to believe I was big time!"

    "And when several posters called me out on it, I still continued to be a fuk'in piece of shit liar! Yep, I'm big time fraud willy and I post fake videos cause I'm really just a loser broke dik fuk!"


    Bad investment you made there huh, willyfraud! Still wait'in on that next video asshole!
    Last edited by mikejamm; 03-22-18 at 06:07 PM.

    $20
    Angelman
    donation 02/15/2021


  12. #47
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 49,668
    Betpoints: 186672

    Quote Originally Posted by grease lightnin View Post
    Embarrassed to admit it but I own a small amount of Iraqi Dinar, a.k.a. toilet paper
    Awesome!!! I forgot about that one.

    Might end up being worth something one day as a funny collectable!

    $20
    Angelman
    donation 02/15/2021

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  13. #48
    grease lightnin
    &
    grease lightnin's Avatar SBR PRO
    Join Date: 10-01-12
    Posts: 15,991
    Betpoints: 2125

    Quote Originally Posted by Optional View Post
    Awesome!!! I forgot about that one.

    Might end up being worth something one day as a funny collectable!



    It is my wife’s perpetual trump card

  14. #49
    compaqDikk
    compaqDikk's Avatar SBR PRO
    Join Date: 10-08-05
    Posts: 5,674
    Betpoints: 24

    worst investment ever was spending 75 bucks on JJ's 1980s porn collection he had stashed in his uncles attic

  15. #50
    sweethook
    hes one of us
    sweethook's Avatar SBR PRO
    Join Date: 11-21-07
    Posts: 12,225
    Betpoints: 2064

    my first shrimp boat , was full of holes

  16. #51
    bonzaii
    Jesus Is King of kings Lord of lords
    bonzaii's Avatar SBR PRO
    Join Date: 07-07-17
    Posts: 4,517
    Betpoints: 113

    Online Casino Gambling.

  17. #52
    JIBBBY
    Have a nice day :)
    JIBBBY's Avatar SBR PRO
    Join Date: 12-10-09
    Posts: 68,934
    Betpoints: 1024

    Quote Originally Posted by bonzaii View Post
    Online Casino Gambling.
    Online casino slot play you mean... Win big once early on and then you get hooked.. All down hill after that...

    At some point when your bank roll magically disappears you then remember online casino slot play is in business to make money and not you..

    Spin away my friends. Worse then crack cocaine..

    Last edited by JIBBBY; 03-22-18 at 11:57 PM.

First 12
Top