Armstrong
RETIRED TTA
- Joined
- Feb 2, 2012
- Messages
- 19,390
- Reaction score
- 94
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- Location
I'm sure many of them lost money but thats why its even more imperative to hire someone who knows the ins and outs of 'Money Management' so that he can predict any predictable financial crisis looming in the horizon and respond accordingly; for example my cousin took most of his money out of the Real-Estate market and invested it into more blue-chip companies, bonds, gold and a few other commodities with a fairly inelastic demand a few months before the collapse so in the end he suffered but his Portfolio was reduced to around 80% of what it was....which even though took him a lot of hard work to bring it back to something profitable it wasn't anything close to what one might call 'loosing everything', however on the otherhand my class-fellow who loved tinker with all of this stuff as a hobby lost almost every single penny of his saving first in the financial crisis and then in his failed attempts at trying to recoup as much of his investment as he could ! So the difference is 'how well do you understand money management' ! Inshallah I'd be going for this in the near future but all of my family is like 'No...you idiot stick to accounting...become an auditor or a financial controller instead' but I'm adamant - Nothing beats your job being 'earning money as your sole pursuit throughout the 9 to 5 you work' ! Wish me luck...!
- I am just a kid 
