I had a batchmate who used to work in a multilateral banking institutions who was rumored to have lost her shirt playing the digital currency game. She was supposed to have parlayed P500K up to P10M, but eventually losing all. Now she is rumored to be borrowing money and or inducing others to invest in such currency. This is not the first case of somebody losing money just like in a casino to such a venture.
I have always maintained that I will invest only in a business I fully understand. Thus No no for me are:
1. stock market and its derivatives
2. derivatives
3. hedge funds
4. digital currency
5. Fx
Only geniuses like Warren Buffett (and they are not too many of them) can digest and absorb vast amounts data. And George Soros too. We mortals are bound to fail. in these ventures.
1. A judge got his placements from us worth P500K to invest in stock market. Six months after I met
him and said he lost the whole amount in six months
2. The neighbor of daughter at a condo (they own a factory) lost P300K in digital currency.
If it is too good to be true, then it is .
Beware too of extra ordinary income. Familiar with KAPA scam, etc where many people lost zillions. Nothing ever happened with the investigation
An investor, an entrepreneur has got to know his/her limitation. (Make my day)
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