There are especially two ways to invest.

1. You make your own decisions and invest when and where you deem best.
2. You seek the advice of a third party and follow their advice.

Now the real issue with option 2 is the word “advice’.

I am sure that if one went to a doctor and they said, “you have cancer”, that you would at least seek a second opinion.

You can’t tell me that there were no alarm bells ringing, especially when such large borrowings were being offered to people with little or no income.

Also, the banks are a pretty good guide when it comes to borrowing. If they say no, then by all means go elsewhere, but take note of their warning.

There are some famous quotes in investing.

If it looks to good to be true, it probably is!

Nothing lasts for ever!

What goes up generally goes back down!

In addition to the omissions identified by Jeremy and billie, it is a disgusting evasion not to mention "victims" of incompetent management , like GPT. Leslie.

Hi Billie, you wrote that 495 out of 500 managed funds lose money all the time. That surprises me. Can you provide a web link that shows 495 managed funds out of 500 lose money all the time? I'd love to see that link. Thanks Billie.

Hi Billie, you wrote that 495 out of 500 managed funds lose money all the time. That surprises me. Can you provide a web link that shows 495 managed funds out of 500 lose money all the time? I'd love to see that link. Thanks Billie.

In billies defence I think you are splitting hairs mary. I think what he should have said, and most likely meant, was that they are under performers in comparison to the markets.

Nice work Billie.

The difference we all need to realise is that the 7% of my income (the government taxes it again remember) that is forced into these carpet baggers pockets is money I could have paid off on my home loan and improved my own situation.

That said, a National scheme where we can buy back our own National assets from Singapore and China would be good too!