My cousin, who was trading stocks from 2019 to 2021, lost over 400000 yuan and owed over 700000 yuan in miscellaneous loans. All of this was due to the desire to recoup his capital and the cycle of loan repayment. I don't know why he was so foolish. He still holds a master's degree and has a stable job. At the end of 2021, he made up his mind to sell his house to repay his debts, and sold a total of 3.66 million yuan. The house was bought for him by his parents, and the full amount was bought for over 1.7 million yuan, which he kept for his wedding. When selling the house, I accompanied him to sign the contract. I dare not tell my parents, it's too embarrassing. After paying off the debt, he still had over 2.8 million yuan left. His girlfriend broke up again for an unknown reason. Originally, he said he would keep the remaining money to buy a house and get married, but it ended up completely ruined. I won't invest in stocks this time. I bought gold ETFs, banks, S&P ETFs, and a large portion of low-risk wealth management. As a result, several years have passed, and now the money in my hand has gone through the motions. I haven't gotten married or bought a house, and I've been living like a fairy. In the end, I told my parents that he was very wise. He sold at the peak of the housing market, doubled his assets, and became the most intelligent person in our family. Only I know how embarrassed he was at that time, hahaha.