Regulation is not always the answerBY CHRISTOPHER PAGE | WEDNESDAY, 27 MAR 2013 3:40PM Last month ABC's 4 Corners ran a story exposing managed investment schemes and it reminded us yet again how complex is the question of how much regulation is enough to protect ... Upgrade your subscription to access this article
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MAGDELINE JACOVIDES
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Agreed, I saw the story and felt the actions of the directors, if factually represented, amounted to legalised fraud. What was not discussed in the 4 corners program was how the investors broke the number one rule of investing from grandma, "Don't put all your eggs in one basket". Whether these examples akin Australian Capital Reserve or other high profile failures, the ones burnt displayed no common sense and invested heavily in just one asset. The banks aren't safe either...not in Cyprus anyway!
I totally agree with your article and I like the car accidents analogy but rather than use the term investment accidents let's call them investment failures as many are not accidents at all but deliberate acts of fraud.