“The bank manager advised me to buy the shares. He told me it was interesting, that the staff were investing too and that it could be very profitable in the medium term,” he said.
“It seems to be to have been managed extraordinarily badly. It is a total cock-up. I’ve been duped on the preference shares and I’ve been duped on the ordinary shares. It’s been an abuse of trust.”
If you do not know what you are investing your money in, your total return will be 0, as in total loss of capital. This is a sad story, but at some point the responsibility lies with the man who signed the paper. Sorry. The road to quick wealth is littered with broke investors, and will always be. Investments should be managed defensively, frugally, and if adequate knowledge is missing, not at all.
I suffer losses on my investments all the time (anyone seen what gold mining shares have done the last couple of years? Yea, go figure), but it is a calculated risk. I’m not investing to become rich. I’m hedging the tail event of monetary collapse. If the monetary system does not in fact collapse, I will probably lose money. That’s how these things go. That is also why I DO NOT put all my money in the same bowl. For the off chance that the monetary system survives, I will still have some of my money left.
Think before you invest.