January 10th, 2024
Today I had a wild thought, wildish anyway, with regards to an investment opportunity. As I reflected on my own portfolio, I realise everything that I had touched had basically gone to shit. Especially when I let myself be advised by salaried advisors in banks. This is a miserable bunch who dont know a thing about any asset class and will sell you anything at all to make their sales commission. Now, I wish I could blame it all on them. I have taken big bets based on what they have put before me and suffered as a result. I did not understand risk properly either. I did not understand structured equity products until I ended up on the losing side myself. Now I understand them better than most people! Similar I bought an insurance product as a potential Annuity- but failed to consider interest rate risk. There is always a catch with these things and it can just make you go from not-much-of -a hero-anyway to positively-a-zero within a heartbeat. There is one exception this. Real...