I’m 35 years outdated and the director of a building firm within the metropolis of Ho Chi Minh. I’ve a spouse, two youngsters, a home within the neighbor of the province of Binh Duong and a automotive price VND1 billion ($ 38,500).
This doesn’t should be proven. The automotive is just an instrument, vital for lengthy -distance vacationers, buyer conferences and enterprise.
Within the final decade, I’ve labored arduous and saved each bit that I may, placing nearly all the pieces within the rental actual property. The VND75 million I earn month-to-month from rental contracts doesn’t make me wealthy, nevertheless it offers me peace of thoughts, one thing secure for the way forward for my household.
However in 2024 and 2025, I made a distinct alternative. I mortgaged my property and borrowed VND5 billion ($ 192,000) from the financial institution, going all in shares and cryptocurrencies. I entered the market with full confidence, trusting my instincts, analysis and feeling of synchronization. I believed I understood it higher than most.
At first, I made large income. Following the stability of my account, I felt validated, as if I used to be lastly taking part in the best recreation. So I doubled, satisfied that I managed. Then all the pieces disappeared. The cash disappeared. My account has dropped to zero. The debt of the SELD5 billion has remained. There could be no second likelihood on that market.
The loss was not solely monetary, however left a aim. I do not blame the market or nobody else. The choices had been mine alone. However now I understand that the funding doesn’t refer solely to knowledge and technique. It’s in regards to the mentality, understanding when to cease and, most significantly, to have the ability to re -evaluate your self whenever you assume you’re profitable.
Trying again, I’m grateful that I constructed a basis in actual property. With out that fixed rental earnings, they might have fallen into a whole disaster. Nevertheless, what persists will not be the cash. It’s the weight in my thoughts. Waking up on daily basis desirous about it: “I should not have carried out it.”
On this trade, particularly after 35 years, folks don’t take a look at you with the identical expectations. That’s the reason, now I prioritize sustainability, monetary and psychological, for me and my household.
Possibly in the future I’ll make investments once more. However I’ll by no means be the person who thought he may get wealthy shortly with a couple of fortunate trades. I lived that religion and paid the worth.