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Investments and Financial Planning

Discussion in 'Financial Planning' started by Tropo, 27th Nov, 2008.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
  2. Andrew Newman

    Andrew Newman Well-Known Member

    Joined:
    5th Nov, 2008
    Posts:
    175
    Location:
    Melbourne
    Hi Tropo

    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.
     
  3. 1300 GET A PLAN

    1300 GET A PLAN Active Member

    Joined:
    2nd Aug, 2008
    Posts:
    37
    Location:
    Gosford, NSW
    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 :D

    This lesson cost me about $150,000.