QUOTE(Don Salvatore @ Oct 30 2022, 03:55 PM)
In a way yes, the thought of "awareness & caution" should be there prior to investing in any place. That's why due diligence is required with PROPER FACTS.
But as far as awareness goes, there must be a threshold of an attempt to take risks. If someone would apply your theory solely on any investments, then might as well put everything in FD as it is guaranteed the safest place.
I think bottomline is, different individual have different risk appetite. The risk to beat inflation sometimes pose a larger risk itself (even if investing at a non-scam platform) as nothing is guaranteed. Inflation could be -7% a year but your "Mutual Funds" might be -15% this year. (Just take mutual fund as an example. No intention of disregarding it).
)So it's How, Where and When you place your funds at is the most crucial point.
That is why I cautioused him by started with to ....beware of what you think you want to do to reduce the impact of inflation on your available money...But as far as awareness goes, there must be a threshold of an attempt to take risks. If someone would apply your theory solely on any investments, then might as well put everything in FD as it is guaranteed the safest place.
I think bottomline is, different individual have different risk appetite. The risk to beat inflation sometimes pose a larger risk itself (even if investing at a non-scam platform) as nothing is guaranteed. Inflation could be -7% a year but your "Mutual Funds" might be -15% this year. (Just take mutual fund as an example. No intention of disregarding it).
)So it's How, Where and When you place your funds at is the most crucial point.
If he just focused on reduce the impact of inflation by going for forex investing, ...then he better do be aware of what I had mentioned before he go right into it. Especially when he mentioned "if investment is correctly done"
As many statistic had mentioned abt 70% of cfd accounts holders loses money...
Even if due diligent are made before hand, even it had been shown to be consistently giving good returns months after months or years after years,....it does not mean it is guaranteed to be able to do the same in future.
So, your saying "So it's How, Where and When you place your funds at is the most crucial point."....is true and I believes we can only realised how that placed fund goes later in time.
This post has been edited by MUM: Oct 30 2022, 04:27 PM
Oct 30 2022, 04:26 PM

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