Discussion in 'Financial Planning' started by Tropo, 27th Nov, 2008.
Investments and Financial Planning
Hopefully we don't have any real life scenarios like this one!
Would anyone like to discuss their own bad investment experiences and what the outcome was?
It may help others to learn more about the risks of investing.
I decided to diversify my income once by investing in coffee vending machines.
This was a combination of bad investment and bad management on my behalf.
Lesson learnt was....don't invest more that you can afford to loose and always ask yourself, "what is the worst thing that could happen".
Other lesson was, stick to what you know best
This lesson cost me about $150,000.
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