Yes, a retiree who gets pushed into an "enhanced yield fund" by their investment advisor, because other fixed income investments have almost no yield at all tha

Yes, a retiree who gets pushed into an "enhanced yield fund" by their investment advisor, because other fixed income investments have almost no yield at all thanks to interest rate suppression, is definitely a reckless investor who deserves to lose money. It would be nice if the fallout from private equity loading up corporate balance sheets with unpayable debts was somehow limited to wealthy idiot junk bond buyers, but it's not.