If it's too good to be true.... IT'S TOO GOOD TO BE TRUE!!! That is just simple fact. You have to be careful when investing anything these days. Time, love, emotion and especially... COIN! Don't give out money unless you've done the research and the people involved are 100% tip top. We're all looking for a way to make it big and be stable in the financials but don't trust every carrot that comes across you.
Redditor u/Copper_Clouds wanted yo hear from everyone about some life choices gone awry by asking.... What is the worst investment a person can make and why?
Luck of the Draw....
GiphyLottery tickets. There are people that throw hundreds of dollars they can't afford into that hole hoping that it might pay off. And I guess it *might*... but practically everything else on this list is more likely to somehow make you money than that is. bandastalo
Shiny Objects.
Jewelry, especially mass produced jewelry you'd get at the mall. It's not worth more than the scrap value of the metal and gemstones it's made of. DonkeyTron42
Or get it custom made from a non-big box jeweler. They can really help stretch out the impact your dollar gets if you are flexible with certain things like lab-grown gems v/ natural. HagarTheTolerable
Sweet Home....
An older, high-maintenance house in a declining area that has little hope for gentrification. Back2Bach
A young couple struggles to repair a hopelessly dilapidated house._chanandler_bong
I own a verrry old, restored/upgraded house (with a mother-in-law unit) in an area in the first stages of gentrification. I got reeeeeeal lucky. cha-ching. Stealth_Cow
RISK.
If you are talking about real investments, anything a person tries to sell you as low to no risk, but high returns, is probably a fraud. Risk is strongly correlated to reward, you can't have one without the other no matter what fancy language they are using for reasons why. catawba1
It's All Popped....
GiphyPop culture bs. Beanie babies, cabbage patch dolls, funko pops.
In a decade no one will care about these pop culture items and they will have no value. skotgil
No Vroom.
Any used European luxury car brand, like Porsche or Mercedes. A wise man once told me "There is nothing more expensive than a cheap Porsche." sparky104
People seem to forget that even if you buy an originally £60k car for £10k it's still a £60k car to fix. FakeNathanDrake
Ask Mr. Ed.
GiphyHorses. You can pay $100k for the next Olympic prospect, and then something could happen to the horse before it even reaches that level of skill. The same for racehorses- the odds are lower than 1 in 10 on a horse that'll make it big. warmkittenmittens
Money Logic.
Getting a 30 year ARM instead of a 15 year fixed because you can get more house for your money. I got a 15 year fixed mortgage and had the house paid off in 9 years, now saving $1200 a month and living comfortably. Around the same time, a good friend of mine got a 30 year adjustable at max budget (a much nicer house than mine), and lost the house 4 years later. He's living with his parents now trying to work his way out of bankruptcy. Really a shame. DesertEagle520
A Non Education.
GiphyEducation in a field that isn't employable, doesn't interest you, or simply is on a crappy level in all the schools you can get into. If you're going to be a security guy or a supermarket employee, why study?
Bonus points if you're American and your education isn't free.
I'm saying this not because it is technically the worst investment (it isn't), it's just that it's a mistake made by so many, and it's a very expensive one. AnAverageFreak
Outside the Box.
GiphyBig box timeshares. Because of the huge upfront costs simply for access to properties and features, the monthly costs, and the difficulty/cost of selling them, it is always 100% less risky and cheaper over the long term to shop discount offers and pay for your vacations out-of-pocket, or buy vacation homes at your favorite spots that you rent out when you're not there. dialate
Bingo!
My coworker took out a loan of a thousand and bought lottery tickets thinking he can make back more. He won 50 bucks. coolhwhip89
Saw a story about a teenager who stole a roll of scratchies from a news agent where she was working.
There were 240 x $1 tickets on the roll. She got $50. And six months. Partly_Dave
Friendship!
Investing in a friend's business venture, especially when it ruins the friendship. DarthContinent
I went to a dinner party once that turned into a invitation to get my foot in the door for a candle company! Let's just say the night ended with the cops called and a plasma screen tv broken. jpm1188
Destruction.
Any investment that involves family or close friends. Odds are it will end up destroying your relationship. Col_Walter_Tits
With family and friends, never lend anything especially money that you are unwilling to lose. Better_than_Zero
To the Street.
Giphyr/Wallstreetbets would say stock options are both the best and worst investment you may ever make, many times with their positions you'll either lose it all or quintuple your investment in a few days. dollar-a-day
Dive In.
A boat is the answer. reviseyourlevis
I agree with boats, but I own a pool and it is awesome. They really aren't that much maintenance. There is nothing better than having a nice buzz, and going out to go swimming at 1am on a hot night. MenosDaBear
Money Lost Guarantee.....
Investing in a musical. You have about a 1/200 chance of getting your money back, let alone making any profit whatsoever. RoyalKingHarlequin
Meh. Like many things, you can 'invest' in things like this, so that you get invited to all the surrounding events and use those to network, further your career or find new opportunities. Reddit
Depreciated Value....
I'm flashing back to when a tow truck driver negged me for having a used car while he was towing me. He reasoned the value drops as soon as you drive it off the lot. Unlike new cars apparently lesserantilles
He meant you should buy a NEW car, and then never drive it off the lot, just leave it there so it won't depreciate. Dude_With_A_Username
AM/FM
There's a radio ad that says a time share is the worst investment you'll ever make because apparently it's the only thing you won't know how much it'll cost you. Debbiero70
They are horrendous investments. It is near impossible to sell, even at insanely reduced prices.
My mom is in this boat right now. She bought one with my dad when they were the thing to do and now she can't give it away.
Why get the time share when you can rent the same place as an AirBnB without the commitment. Aken42
The Future is Dead.
GiphyEsports teams. I've been involved with the scene for the past 10 years or so. Organizations constantly appear and disappear for good reason. It's incredibly hard to actually profit as an organization, and investors are always pumping money in without seeing any returns, trying to bet on the "future" of esports being like professional sports leagues (which it might be, but it's been pretty slow to get there). Only the top tier teams make any money, and even a handful of them have major financial issues. RuPaulver
Unlike introverts who tend to shy away from engaging in random discussions, those who are comfortable–or too comfortable–in their own skin love to get all chatty.
That doesn't mean they have anything significant to say.
"What’s the weirdest thing someone casually told you as if it were totally normal?"
People whom you don't know tend to overshare as these Redditors experienced.
A High Request
"A story from a friend - in Colorado, someone once asked, 'Could you watch my wolves, I can pay you in weed.'"
"There's a lot to unpack in that question!"
– surlymoe
"You don't unpack wolves, you keep them together."
– hwarang_
Unsolicited Prediction
"Husband (30) and I were pushing our shopping cart out of the grocery store when a random man (who honestly looked like dumbledore) looked at my husband and said 'take my hat, you're gonna need it, you'll be bald very soon.' Obviously my husband didn't take it. It was super odd of him to say because my husband had a FULL head of hair."
"Three months later, my husband was diagnosed with a condition that made him lose all of his hair. Weird coincidence."
– hollyjollyaf
Self-Casting
"A guy once told me how he loved the feeling of wearing casts, so he'd put casts on himself- for days or weeks on end. Even if it meant he couldn't drive and would be stuck at home the entire time. He'd use vacation time just to wear full leg & arm casts."
– Present_Dust_2308
Homophobic Homosexual
A homophobic guy I know: 'Being gay is a choice.'"
"I said something like - ok, choose to be gay for a day, an hour, a single minute if you can."
"Guy - That's easy, I'm attracted to men all the time, I just choose to only like girls because I'm not gay."
"Me - Ummm..."
– discostud1515
Longheld Grudge
"Once, an older woman came up to me on the street, took hold of my wrists and simply said 'they ripped out my afterbirth', and then carried on walking."
– JennyW93
"It's strange to grab strangers. But one day in Walmart, my granny walked ahead of me, and reached to grab me to show me something, without looking and she was pulling on an old lady's arm obliviously, and the old lady's eyes were like O.O."
"My grandma didn't even apologize, she just let go and yelled at me to stay closer."
– chzygorditacrnch
A Hairdresser-In-Training
"I was getting my hair done this last weekend by my daughter at her cosmetology school. One of her fellow students was excited to meet me. She talked nonstop and eventually told me that she has hemorrhoids and that she has her husband push them back in. So much TMI from a stranger!"
– Digjam823
You never know about the personal lives of people you see on a regular basis.
Squeaky Clean
"I had a college professor on the first day of class say that she is obsessed with Q-tips and cleaning her ears and that her family has to limit her to 3 a day-"
– lokeilou
Here's The Story...
"That they have 6 kids, all with different dads & each dad is in prison."
– ChyCgx2
"I once had a coworker who had seven kids with five different women and he'd constantly complain about how most of his paycheck went to child support. You uh, dug your own grave, pal. I'm really not sympathetic to your plight."
– apocalypticradish
It's the end of the world as we know it.
End Of Civilization
"I know a guy, we don't talk often but due to business we cross paths on occasion. More or less every time we talk he asks if I'm ready for the total societal collapse coming next week, or Tuesday, or at the end of the month.. and so on."
"I just tell him that it's not gonna happen; he usually then asks about my "crystal ball" so I remind him that I've been right every time."
– rkpjr
Zombie Apocalypse
"I went to a ComicCon type event in my city years ago(Walking Dead was a new show, first season for reference) and went to a panel about zombies. They talked about historical zombie lore, the first zombie movies, and the exciting first season of the new show Walking Dead, with some actors on the panel. When they opened it up to the audience for questions one of the first ones was, 'what kind of zombies do you predict we’ll have in a real zombie apocalypse? (Fast vs slow)'…panelists don’t really know how to answer, each gives their personal favorite or worst case scenario. Then we get to, 'What do you think the timeline is for the start of a coming zombie apocalypse?' Panelists are kind of like….? Talk about how things usually play out fiction."
“'No, but exactly WHEN do you think we’ll need to be fully prepared for zombies in real life?' Like, guys, these are actors and media studies academics, first of all they don’t have the level of belief you do and second, the people you should be asking about this stuff are probably biologists."
– AlternativeAcademia
Whenever I feel threatened by a homeless person who is pressuring me to hand over them cash, I tell them, "I''m allergic to corn."
The random phrase throws them and in the brief moment they assess what they heard I'm afforded more time to distance myself from them.
It always works, especially when they realize I'm all kinds of crazy and not worth targeting.
