Young & Savvy

Reduce risks of incurring large investment losses

Picking a golden cash cow may be a tall order but there are simple ways to limit one's losses

New: Gift this subscriber-only story to your friends and family

The first time I invested a four-digit sum was in mid-2019, a year after I started working full-time.

I had read online about the cryptocurrency token XRP and was hoodwinked by numerous comments vouching that it was "heading to the moon".

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Sunday Times on May 22, 2022, with the headline Reduce risks of incurring large investment losses. Subscribe