打水漂 [－－－]

Jyutping daa2 seoi2 piu1
Pinyin dǎ shuǐ piāo

Definitions (CC-CEDICT)
  1. to skip stones (on water)
  2. (coll.) to squander one's money on a bad investment
Definitions (Wiktionary)
  1. verb, figuratively
    to waste (a large amount of money); to squander; to lose entirely
  2. verb
    to play ducks and drakes