Quote:
Originally Posted by qxm
if it was a ponzi scheme a written agreement is done just for show.... still, really fucked up!
Another thing, when it comes to investments it is my personal policy NOT to trust friends or family since I KNOW they can be easily deceived (and have been over the years) ... but thats just me....
Sorry to hear bout ur misfortune dude....
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exaclty, you trusted your good friend. Your good friend trusted his good friend, who was the scammer. Everyone trusted everyone and no one did homework.
Fuck the stockmarket, forex, all that shit. I would never touch those things with my money. The only way you will ever make money is if you get insider information. Which very few people will ever get access to that kind of info. You will have "big shots" come in here and say how they made millions in the stock market, but they wont tell you how much they lost. Its like the people who gamble and brag when they won 10K but they never mention all the other weeks/games that the lost money and they are down. The bookie always wins, the brokerage house always wins, the casino always wins, the players hardly ever win. And for everyone person who really does make money from the stockmarket you will find a 1000 more that loses money. This is for day trading type investing which sounds like your situation. If you lock up your money for retirement purposes, 30-40+ years and its in the market you will do fine as the market has historically always gone up over large periods of time. It's the buy/sell, buy/sell that you will end up broke. That is if the guy you gave the money to doesn't steal first before you even have a chance to lose it all.
