At the peak of the stock market boom, people were encouraged to massively invest. A friend of mine would often say :if you have two cars, two houses and/or two wives, sell one and invest the proceeds in the stock market.
Since the decline, those who followed such advice and invested massively have been seriously affected.
In my own case, my investment in one of the recently sanctioned banks has dropped by about 90% from the value about this time last year. An investment of N3m is now worth only about N200k+.
I had planned to pay off some obligations with the investment before the bubble burst!
I know of some who were unable to pay their school fees having invested what they had in the market.
Could you share your own experience?