Popular Nigerian skit maker Mark Angel reportedly loses $3.7million to Forex trades after allegedly engaging with unscrupulous elements in the industry.

The Skitmaker in a post he published on his social media page revealed the incident happened in the year 2024, which happened to be a turbulent one for him. " The year 2024 began like every other year, but I had no idea how much it would test me how much it would break me, yet ultimately reshape me. It was the year I lost everything." he wrote on his Instagram page

He then went on to reveal he lost the entire funds to Forex trading " I trusted the wrong hands in forex and lost all my money. Nobody knew except my family and closest circle.

The weight of the loss, over $3.7 million of investors funds was suffocating. Almost took me to prison; was drowning in debts, and one by one, I watched all my properties slip into the hands of loan sharks. It felt like my world was crumbling, and in my darkest moments, I considered ending it all."

According to the actor he is already getting back on his feet and we wish him all the best.

Now this is my takeway on this. If you have done well for yourself in life that you have been able to gather that much funds, you then have the obligation to protect the funds as much as you can.

It is important to understand that trading in Cryptocurrency and Forex is highly volatile and so you should only enter into such trades with spare funds. For someone with that huge investment funds, he ought to have only invested with just 10% of his portfolio, especially in a venture that he understands little about.

If he was able to grow that fund, good for him but if he lost the funds, then he should never have dipped his hands in the reserve.

When you make a lot of money in either your career, crypto or forex, then it is time for you to start considering diversifying the funds in other businesses, especially offline business. Real estate investment should be the first on your list - Invest in cheap lands across your state and build rental apartments that can quickly turnover your investments.

A portion of your funds should also be invested in stocks and shares. Consult with a trusted broker and let them advise you on the best stocks to buy for the year.

Then you can also think about a business you know very much about and can easily run without stress, and then invest parts of your funds in the business.

You should not also forget to develop yourself by learning a new skill or taking advanced courses in the skills you already have.

In Summary, your entire portfolio should never be invested in a single online business. The rule is 10-20% of you net worth in online businesses and the rest you should invest in physical assets and always have reserve cash in banks (preferrable dollar accounts) that you can resort to for emergency needs.