Don’t Touch Investments You Don’t Understand
The author (friendship link) briefly shared their experience of being tricked by China Merchants Bank's precious metals department into opening a leveraged trading account. Money was being deducted every day, for 10 years straight... trapped for 10 years. Fortunately, they had enough assets to weather it.
When in doubt, stay away from investment products you don't understand. For ordinary people, funds and stocks are already high-risk—steer clear of more niche products.
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