There a big difference between bad luck and pure stupidity. To lose 87% of your capital and life savings across multiple stocks and not seeking professional investment advice clearly shows he hasn’t the capacity to make wise investment decisions to create long term wealth. It’s pure stupidity following the pumps as the smart money dumping into retail holders. It’s a pretty tough game in the speccy end of the market and heavily manipulated by the big end of town who are fully aware of companies upcoming financial capital raising requirements as these are discussed far before retail have any knowledge of it. I don’t understand why someone, with such a disastrous investment history feels the need to post with such authority. It’s a pretty simple statement, would you give much credibility to someone advice who by there own admission had lost 87% of there life savings and only has $1800 left. Might be a fair chance you could end up in a similar dire and desperate financial situation if you were too.
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