I’ll go first…after 10 years of speculating in the market (read: gambling in high risk assets) I realized I shouldn’t ever touch a brokerage account in my lifetime. A monkey would have made better choices than I did. Greed has altered the course of life many times over. I am at an age where I may recover from my actions over the decades, but it has taken its toll. I am frugal and have a good head on me, but having such impulsivity in financial instruments was not how I envisioned my adulthood. Its a bitter pill to swallow, since money is livelihood of my family, but I need to “invest” all I have into relationships, meaningful moments, and fulfilling hobbies.
I agree, I’m not saying anyone should be put down for wanting to try something difficult but that they should be told of the odds of success. Maybe encourage them to put their effort into something more achievable. Everyone should be allowed to try of course, no one has good odds for becoming famous/successful but inevitably some people will be