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This. Investing is not a guaranteed return system. You might win, or you might lose all your money. At the end of the day, the only person who is responsible f
by username444 7y ago
This.
Investing is not a guaranteed return system. You might win, or you might lose all your money. At the end of the day, the only person who is responsible for it is you.
Don't want to lose your money? Don't invest.
- twblalock 7y ago> At the end of the day, the only person who is responsible for it is you. There are rules about fraud and fiduciary duty and disclosure which make blanket statements like this incorrect.
- deleted 7y ago[deleted]
- blunte 7y agoI think the point is, an experienced investor should be able to either see through a fraud or at least do proper due diligence before investing a large sum. Plus, institutions often make a small initial test investment. If the performance is as expected, risk considered, then they may make the big investment. A retail investor can't be expected to properly research claims, but a professional should be.
- paulddraper 7y ago> At the end of the day, the only person who is responsible for it is you. Sigh. Unless you're too big to fail in 2008.
- blunte 7y agoOne does seem to get a pass from (possibly multiple) financial failures. In fact, one very high profile American with a history of bankruptcies comes to mind...
- anonnyj 7y agoMost businesses fail. Why get down on someone for trying often enough to strike on things that work?
- paulddraper 7y ago> one very high profile American Trump has not declared bankruptcy. He has been owner or part-owner of hundreds of companies and a handful have declared bankruptcy. As terrible (or not) as that is, there's a stark difference between availing yourself of long-standing bankruptcy law and the just-for-you shenanigans pulled by the federal government in 2008.