Why, because you don't have a cristall ball, you just make...

Why, because you don't have a cristall ball, you just make informed bets when investing.

With IMU you can lose 100% if none of the platforms are able to deliver a successful drug, or you can win north of 10,000% if one of the platforms works well.

With a HIA you are warranted lose 1-2% p.a in real terms (inflation)...

The ASX delivers around 7%p.a avg adjusted for inflation.

Why investing in IMU instead of a HIA ? IMU as part o diversified portfolio can be a live-changing investment. In my personal case, I started with IMU +5 years ago with 1% of my PF (very risky stock) at 3c avg price, I have been avg up to 10c as it has progressed trials and have been increasingly de-risked ( IMHO) , yet still risky and speculative. Today IMU is 5% of my PF, as I m happy with what I see and the risk reward proposition offered.

I can afford losing 5% of my PF and sleep at night if thinks turn out badly. If it works this will change my life and the life of my family; the nice thing is that even if you don't invest , IMU will also change your life, and the life of tour loved ones.

Have a nice day, and all the best !