OK, so maybe Vatican officials were corrupt. Or maybe they were innocent lambs deceived by a wolfish investor. Either way, wouldn't it have been better for the money to have just been put in some index fund?
I'm completely serious. I realize there's upside to investing in London real estate or Angolan oil, but--as we all can see--there's a lot of downside too. Why not keep it simple?
OK, so maybe Vatican officials were corrupt. Or maybe they were innocent lambs deceived by a wolfish investor. Either way, wouldn't it have been better for the money to have just been put in some index fund?
I'm completely serious. I realize there's upside to investing in London real estate or Angolan oil, but--as we all can see--there's a lot of downside too. Why not keep it simple?
Also, index funds need at least a decade of not touching them before a decent return is seen. That is why they are so effective, because theyтАЩre boring.
Unfortunately it seems like men (in general) have a much higher tolerance for risk and when someone presents you with the kind of returns from тАШprestigeтАЩ kind of investments and combined with flattering sales pitches of how clever, savvy etc the investor is, itтАЩs a pretty difficult combination to resist. Celibate men donтАЩt have the benefit of constraining dependants or a female ear to point out those risksтАж not that married men always heed those concerns. They are a prime target for these kinds of people obfuscatingly complex investment schemes especially when itтАЩs not actually their personal money.
OK, so maybe Vatican officials were corrupt. Or maybe they were innocent lambs deceived by a wolfish investor. Either way, wouldn't it have been better for the money to have just been put in some index fund?
I'm completely serious. I realize there's upside to investing in London real estate or Angolan oil, but--as we all can see--there's a lot of downside too. Why not keep it simple?
Because it's harder to skim money off the top if it's simple?
Also, index funds need at least a decade of not touching them before a decent return is seen. That is why they are so effective, because theyтАЩre boring.
Unfortunately it seems like men (in general) have a much higher tolerance for risk and when someone presents you with the kind of returns from тАШprestigeтАЩ kind of investments and combined with flattering sales pitches of how clever, savvy etc the investor is, itтАЩs a pretty difficult combination to resist. Celibate men donтАЩt have the benefit of constraining dependants or a female ear to point out those risksтАж not that married men always heed those concerns. They are a prime target for these kinds of people obfuscatingly complex investment schemes especially when itтАЩs not actually their personal money.