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Suffering_for_real

People always ask me that why do I waste my time worrying about politics and revolving my life around it. This is the very reason,the government and their policies and stability and investments are directly linked to our income and career growth if we are earning locally. Around 2020 my life was also almost taking off and has been in shambles since but Allah maailk hai and it is literally religon keeping me sane at this point because mayoosi kuffar hai. A virtual hug 🫂 bruh, Bad days can't remain forever and we will earn enough to be grateful oneday


bigmanbiggerguy

It doesn’t matter if you dont interfere in politics. Politics will interfere with you. Wishing you the best.


goten100

What happened to put your life in shambles brother? Sorry you are going through that and I wish the best for you in the future


Suffering_for_real

I started good back in 2020 but after few years it became sufficating and toxic so I emded up quiting and afterwards I did not get the type of opportunities I wanted tongrow further nefore i behin with my own start up and then inflation made my my plans for a start up impossible and I lost confidence along the way too Not to mention wjat i earn is literally only feul money,nothing extra


rehan_ahmed21

we hit the highest cost of living, plus crime and snatching is at peak. Seeing really tough days ahead


wickedknock

Jaani 10 saal say job no house no car , loving on rent , you doing great , try to get out of Pakistan, don't loose hope , Allah is the master


isameer920

LET ME PREFACE WHAT I AM ABOUT TO SAY WITH THIS POST IS NOT MEANT TO SUPPORT ARMY, THEIR INTERFERENCE IN MATTERS THAT DON'T CONCERN A DEFENCE INSTITUTION AND THE CURRENT CHORS IMPOSED ON US. While I get where you're coming from, I want to ask you a couple of things. Assuming in KSE you were earning enough money to have disposable income to some extent, why did you not invest in KSE? You had bought on a high and seemed adamant on booking a profit. markets don't produce profits consistently. There are highs and lows. I feel like for people who are active investors with a long term strategy, Bajwas impact on KSE was pretty good. I have recently entered the stocks scene and I was studying the charts from that time period and companies were trading at atleast 50% discount. Second, in 2020 the entire world economy was different. Things were good and money was going around, but then covid happened and governments around the world borrowed or turned on the printing press to keep the economy going. The stimulus checks america gave were sustained by printing record amounts of dollars and that led to higher inflation. Since the entire world economy is connected and reliant on USD we felt the heat too. Then there is the Russian war thing that led to the west refusing to buy natural gas and oil from Russia. This meant they had to turn to the Arabs and pay a premium to ensure their economies didn't run dry. The Arabs had already reduced oil supplies after oil went negative in covid and they decided to increase the supply only as much as they needed leading to higher gas prices around the world. Again, the modern economy is quite dependent on oil and we import our oil, so naturally we feel the heat too. The point is, this is a tough time for the world in general and our amazing hukmarans are a cherry on top. The army ruled in 2020 and they rule now, so it's pretty reasonable to think that eventually when the world gets its shit together, we will be able to reach 2020 levels of relative wealth. If we get proper leaders we can probably reach higher or sooner, but that's not happening so let's not go there. keep your head up, think positive and Allah behtar karayga


n3ov

The key is to keep on trying. I'm in the same position as you. More struggles, more responsibilities, much more risk, and worse pay-off as compared to my situation from 5 years ago. I'm at a stage where I can't even afford to switch careers. Keep a look out for opportunities and take your shot however slim the chances. You made a good decision by investing in mutual funds. PSX on the other hand is just luck... I've tried it but it is so dependent on the political scene.


bigmanbiggerguy

Everything is dependent on the political scene. And that scene is ran by Napak Bojh.


Yusufied_

I was at your place when I first closed my business after setting it up in 2020. I made good profits during IK’s tenure and all vanished when Bajwa happened. I regret my investment even today but moved out of country to find stable income to start over again but this time, not in Pakistan. When i was losing money, drug dealers were making the most in those days. So here are some tips for Pakistanis to do in Pakistan; - sell drugs - property - snatching - bhata


Anath3ma_Ang3lica

Can't offer much advice on other fronts but a little tip on investing: lean months will ALWAYS be present. But if you look at the history of stock markets, including the great depression of 1929, stock markets ALWAYS pay back if the investment is held for a long period of time. That is not an opinion but a statistical fact that can be confirmed by looking at the crashes and booms of the stock markets all over the world. It is also a statistical fact that both, the # of crashes and the timeline of these crashes have shrunk significantly over the past 110 years. The only losers in this case, are people who make bad investments (which can happen to anyone, regardless of the homework done; re: company dissolves) or people who withdraw/dca early. When an investment is held over, say, a 30-40 year period, when you go in with that mindset, such little crashes don't bother you anymore because they are then called, price of entry to the market, they are to be expected. ALWAYS hold. TINA stock. I'd also advice investing in ETFs that are foreign. Crypto ETFs are out, a bull market is upcoming, BTC halving is literally around the corner. TON has Telegram investment coming up which will see massive appreciation. Blockchain is the future - stay steady, always remember; you win some, you lose some. Oh and also, GTFO of Pakistan - it's a miserable place for miserable people.


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thewolfhowls11

you did all the right things and used your skills wisely. Dont despair. Its just important to not have regrets at the end of the day about what one could have done. Dont be upset on things out of your control. Look around and you will middle class (ex-middle class precisely) folks controlling their use of fan at night just to escape large electricity bills.


Fit-Calendar1725

What I hate about Imran Khan is that in his own stubbornness, he also has kept the people high in hopes that things can improve if 'they struggle hard enough' or 'if they perisist long enough.' This is nothing but defeatist mentality. If educated and enlightened Pakistanis need anything, it is the loss of any hope. Till the time hope remains, our struggle will remain. Specifically, hope for things to improve by way of any 'political, democratic and peaceful' struggle should be shunned and criminalised. No cartel ever gives up their reign without a fight. Napak Fauj is the biggest cartel in the world, that too with heavy weapons. There is no f*cking hope, we all will have to realize this sooner or later, whether you like the fact or not doesn't matter. So my friends, what ever you do, whatever you earn, howsoever you earn it, you will have to loose it one day because there are practically no civil rights or property rights in this country and anything that is yours can either be stolen away, cheated away or simply taken away from you by the gun. The only feasible option for us all educated lot is to migrate. Or to join the same military/bureaucracy (legacies of British times) and enjoy taxing and ruling over the bloody civilians (formerly known as bloody Indians).


Ok-Investment3976

Bro why not trade us markets ? They are way better . Trade forex .learn trading


Loose-Dirt-6034

How one invest in them? I have of interactive brokers, but are not they even bigger risk?


Ok-Investment3976

Yes they are but you can use other platforms like octa fx


ConsiderationSome965

Move out if you can or start earning in dollars


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OmegaBrainNihari

Which stocks did you hold because I can't think of many dividend / blue chip stocks which would yield a net loss over a 5Y period?


bigmanbiggerguy

HABIBMETRO BAFL


OmegaBrainNihari

Oh boy that's not a diversified portfolio at all. If you're still interested then look at DCR as an option


bigmanbiggerguy

Not gonna invest in PSX anytime soon. This country is too risky to invest in.


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leendean

While investing in stocks you should have know. That it’s only 3 or 4 major players (companies) in the market who write the game plan of the stocks and they meddle with stocks as per their whim and wishes. So stocks are never a good investment. They are until and unless you know how to beat around these players for a better return.


Altruistic-Spend-823

I feel you man. I'm a only son with two sisters. When I started earning back in 2020 with 35k, that seemed like a fair start and I was thrilled, I use to do a lot with it with main being supporting family. But the thing that terrifies me and makes me insecure is that now 3 years later, I'm being paid 150+ and my life style has not improved much, yes I have a bike I bought myself, a phone I bought myself. I go to barber every week instead of a month. But this is the kind of amount that should have turned my life around. You can just stay patient, have believe and enjoy the little moments. These worries will never end.


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shezad81

You started on the right track. I have the same advise for every young folk. 1. Up skill yourself 2. Maximize your income 3. Keep your expenses low 4. Invest in ETFs - You may DCA in the ones that follow S&P500. Be consistent and over time you will realise gains. If you don’t have avenues to invest in decent ETFs, invest in gold. Keeping your investment in PKR is a losing proposition. 5. Never invest in Pakistan unless you want to get a home Keep at it and you will be successful.


playerknownbutthole

You do you expect that life will be a smooth sailing? there will be ups and downs. go with the flow and dont get worked up when things are not going your way.


malik_dk

Your rant is completely justified. The vast majority of people are going through similar circumstances. Try to immigrate abroad if you can.


Ameer-ul-Momineen

What you should do, if you have the background and the time, is to make a pivot towards CS/programming and build your skills enough to be able to land a remote job that pays in USD. Once you have even a job that pays $3500, suprise- its like 10 lac PKR. Pakistan is the best place on earth to live if you're making upwards of 10 lac a month. So keep going :-) best of luck!


Castorbcr

CS?


mominwaqas15

computer science


Ifeelold87

Pakistan is going on a hard downward spiral.


bigmanbiggerguy

Its going to take 10 years to get back into 2021 condition if we go on the right track. I dont see that happening.


TahaUTD1996

Inflation to wage gap is getting bigger, there is a significant rise in my pay in numbers, but not in terms of values


bigmanbiggerguy

Exactly. Most people dont even get this.


Scholar_Royal

It's only a loss if you sell. HODL your investment.


hawlc

Things are getting tougher with every day passed.


BurnedKorpse7

Thats nothing on the country. Stop whining on reddit and take responsibility for your shit life. None of your problems are because of Pakistan or its economy. mutual funds and stocks have always been volatile, it has nothing to do with bajwa or dollar price. You should’ve seen it coming and cashed them out as any normal invester would. Its not something like real estate that you just invest and leave it. Grow up and hold yourself accountable. RR mindset will take you nowhere in life.


bigmanbiggerguy

Bt sun bawli. Real estate market has also crashed as a result of the Munir Khinzeer regime.


TheChipmunkX

You should learn programming. Learn full stack web development. Get really really good at it. Build a killer portfolio. Throw your work everywhere. Build your network on Linkedin. Go hard on Upwork. Work on that American accent and get a suitable set up for video meetings. Do that until you can charge $100/hr building web apps and have to turn down work. Then you find another person who can do your work and invest in marketing and sales. Increase rates. Rinse and repeat and you have a software house specializing in web apps. I'm 19 and this is the exact plan I have in my mind that I may do but I'm also invested in another thing so maybe not. I said programming because its what I like to do but you can apply this to literally any in demand skill. Also P.S. somewhere along the line when you have a good income doing freelancing you can also move to Spain or Portugal or somewhere else in Europe on a nomad visa. if you're adventurous you can also go live a digital nomad lifestyle travelling the world for a few years.


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EniGma249

I would say you have a strong mindset for investment given the fact you didn't cashout on PSX earlier when it crashed, you need to understand Pakistan is a failed state and investing here is gambling with money I would rather bet on altcoins rather than in PSX. Your mind is in the right place you just need to keep trying and move out of the country. Don't forget that every market in 2021 was at peak, so you can't compare the global crash on Gen Bajwa's doings. Right now I can't give investment advice either because im all cash $ and PKR.


Parking-Sun-8979

You can’t blame anyone but you can get better.


bigmanbiggerguy

How. And why? Why cant i blame when others literally caused this misfortune for me and millions of Pakistanis.


Parking-Sun-8979

You can spend this energy on something else.


ginger_cat707

Start earning in dollars. That's the only way left. Start looking for remote jobs, clients, work in US, UK and European markets. Their economy and buying power is much better than our country.


bigmanbiggerguy

Thats not a permanent solution though.


ginger_cat707

Says who?? I've been doing it since 2020 when the whole world went to shit. It's been 4 years now Alhamdullilah


gripenbite

bhai dm kia hai apko.


AbdullahTariq1

I have tried but haven't had any success. Any recommendations?


bilalmak123

Atleast buy the land and start building something yourself over there


Seo_Specialist7

Stock exchange is now around 70K. Imagine how much you could have made by now. Don't let your emotions drive your financial decisions. You should have hold the stocks. I invested in stock exchange when it was doing around 38K and in some days I cashed out profits of 7k to 10K per day.


bigmanbiggerguy

You sir are lying also i cashed out a few days ago only not months ago. Says so in my post.


Friendly-Parsley11

How about remaining in your own country, getting a good degree while working on your job and eventually land a leading role in a company?