打水漂

dǎshuǐpiāo
  1. to skip stones (on water)
  2. (coll.) to squander one's money on a bad investment

CEDICT

colloquial

Entry Composition

1 打水 dǎshuǐ
  1. to draw water
  2. to splash water
2 漂 piāo
  1. to float
  2. to drift