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19-04-2013, 10:58 PM
I have nothing else to add except that I concur with almost everyone's statement here.
Don't touch even if you think you know or your banker tells you that its absolutely safe.
Nothing is safe, not even Fixed deposits if the bank collapsed and government refuse to honour its guarantee.
This ELN is an option. There is always a counterparty opposite whenever you buy instrument.
How would you know that the counterparty has no prior knowledge that their bet is correct? You could be betting against the investment banks, fund managers who have more resources and connections than yourself.
Could you tell yourself you know better than the counterparty? Unless you can confidently tell yourself this, otherwise hands off.
I strongly discourage leverage on these financial instruments as a wrong step will bring untold misery onto not only onself but the loved ones around us.
Don't touch even if you think you know or your banker tells you that its absolutely safe.
Nothing is safe, not even Fixed deposits if the bank collapsed and government refuse to honour its guarantee.
This ELN is an option. There is always a counterparty opposite whenever you buy instrument.
How would you know that the counterparty has no prior knowledge that their bet is correct? You could be betting against the investment banks, fund managers who have more resources and connections than yourself.
Could you tell yourself you know better than the counterparty? Unless you can confidently tell yourself this, otherwise hands off.
I strongly discourage leverage on these financial instruments as a wrong step will bring untold misery onto not only onself but the loved ones around us.