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What Are Biggest Investment Mistakes You Have Made?
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[QUOTE="Kendy, post: 217309, member: 63869"] Well, I have made so investments which I regretted but the highest mistake was partnering with someone to purchase a property because of limited unavailable funds. This was about two years ago when I partnered with a friend to buy a piece of land in a sub-rural area, the intention was to use the land for agricultural activities till when we decide to resale it and sit the profits between the both parties. Unfortunately, the investment was a waste both with our time and resources. After purchasing the piece of land and the got the necessary documents, it never dawned on us that we had trespassed because the land was marked and owned by the government. We had planted on it within a space of 6months not until development was ongoing before we realized that the documents were fake and we could not get access to the fake person who claimed to have had ownership of the land. We had to move without compensation and it was a huge and major loss but it was also an eye opener that before purchasing a land, you should conduct a thorough research by inquiring from the neighbourhood and also verifying from lands agencies or geographic information service. [/QUOTE]
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What Are Biggest Investment Mistakes You Have Made?
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