There has been a stream of articles on the financial papers/blogs about the FT/NSEL fiasco in the last week.
While a very few had forewarned investors about the fiasco, now everyone writes as though that this fiasco was bound to happen.
Blogs/ Papers which had recommended investment in e-series ( e-gold) ,etc are silent on the topic now.
Lessons from the fiasco~
1. Financial experts ( so called!) make more noise than sense most of the times.
2. No one can predict the future accurately ( at least some astrologers can :-))
3. Please understand the investment and risks associated very clearly before you put in your money.
The rule of "Buyer beware" applies to all investment products too.
While a very few had forewarned investors about the fiasco, now everyone writes as though that this fiasco was bound to happen.
Blogs/ Papers which had recommended investment in e-series ( e-gold) ,etc are silent on the topic now.
Lessons from the fiasco~
1. Financial experts ( so called!) make more noise than sense most of the times.
2. No one can predict the future accurately ( at least some astrologers can :-))
3. Please understand the investment and risks associated very clearly before you put in your money.
The rule of "Buyer beware" applies to all investment products too.
