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Although Steve has been saturated with warnings by now; what Bob said is
good advise for investors. Another key to risk control is diversification. I
don't even put all my cash assets in the same bank, let alone in the same
investment no mater how safe it is advertised to be. Anyone that told me
that they could get me 26% would be cause to run, not walk away.
A good approach to investing is often given investors at brokerages, banks
and other financial institutions, it is called the investment pyramid. The
point of this pyramid is that you want to put a smaller and smaller
percentage of your funds in riskier investments and the greater portion in
safer investments (even some in cash).
If you want to trade, that should be the percentage out there at the apex of
the pyramid that amounts to 5% or less.
It was reported on TV of late that a young actor lost 50 million and is now
bankrupt. Many like stories can be told, just remember based on statistics
it is more likely than not to happen to you.
Brent
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> I second this answer. If you have no *proven* trading skills of your own,
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