Nigerian Man Who Invested ₦400k in Stock Exchange Loses It All as Value Drops to ₦30k
- A Nigerian man, shared that his biggest life regret was investing ₦400,000 in the stock exchange while in secondary school.
- Though the money initially grew to ₦500,000, it eventually crashed to about ₦30,000, leaving him with nothing but regrets
- Looking back, the man mentioned that he could have bought a piece of land for ₦50,000 at that time but he ignored
A Nigerian man identified as Anthony has shared his biggest life regret after investing the sum of ₦400,000 into the stock exchange, only for the value of his investment to crash to just ₦30,000.
Anthony described the experience as the “biggest mistake and pain” of his life, one that still hurts him deeply today. He explained that while he was in secondary school, he chose to invest heavily in shares, ignoring the advice of a man who suggested he buy land instead.
Source: TikTok
At the time, a plot of land was just ₦50,000, and according to him, if he had listened, he could have been a millionaire by now.
The revelation came during a street interview with a content creator, @ekaftv, who asked Anthony if there was any mistake or pain from his past that he wished he could correct.
Anthony began by narrating his story:
"One heartbreak and pain from my past life is the investment I invested when I was in secondary school. I thought that maybe if I invested all those things it would make my life to be very meaningful by now because that time I had to invest more than #400,000 to buy Nigerian stick exchange."
According to him, his shares initially appreciated to about ₦500,000 before crashing to a shocking low.
He recalled:
"I went to a stick exchange, bought shares of #500,000 that time but later in 2007-2008, I wanted to sell it, everything I calculated is just less than #30,000."
Anthony revealed that he had planned to use the money to travel abroad after securing a visa, but the crash in value shattered his plans.
"Since then after getting a visa, I couldn't travel again. That's how I lost it. The visa came up but j couldn't travel, South Africa."
He mentioned that the investment was done through Vision Trust, a company which later rebranded. He explained that he recently checked and noticed the shares had begun to recover slightly, though he didn’t disclose the exact amount.
"I used vision trust, they're still existing but have moved back now to harmony. I have to go back there to check all the shares I have with them."
"I checked some months gone but but it's just coming up a bit now."
Source: TikTok
When asked about advice for others, Anthony discouraged investing in stocks, pointing instead to the land deal he had ignored many years ago.
"I can't advice anybody to buy again because that period, somebody gave me the opportunity to buy land about #50,000 somewhere. Had it been I bought properties those days, by now I could have been one of the millionaire people in the world."
His revelation sparked reactions online as many Nigerians took to the comments section to share their thoughts on his experience.
Reactions trail man's investment loss
Legit.ng compiled some reactions below:
Tams:
"@Tams:I’m sure he has limited knowledge about stocks. A Stock is risky yet a better option for longer term investment just like bonds. I’m trying to understand his story, but it’s not adding up honestly, which company share did he buy? It’s hard for the share price not to sell at premium considering the time frame, it’s not impossible tho, but it’s very rare. I’m sure he did some investment investment thats not stock buying but was deceived or something, cos the story no add at all."
Yomide:
"Losing my dad at a very tender age cause I had to do what I had to do too feed a grown up woman and 4 siblings whenever am on your page I don’t know how i cried my."
samtexforex:
"Imagine buying dollars then and keep it up till now."
Nigerian Stock Market Ends Week Positively
Meanwhile, Legit.ng recently reported a strong performance in the Nigerian stock market, highlighting a recovery after several consecutive days of losses. The market ended the week on a positive note, signaling renewed investor confidence and a potential turnaround for trading activities.
Analysts noted that this improvement reflected growing optimism among market participants and suggests a stabilizing trend in the financial sector.
Source: Legit.ng
