I'm not
going to say this once and I might say it again in the future, but if you're
investing, don't let the promise of other people fool you. Instead, focus on
looking at the industry's stability, stock performance and long-term growth.
I'm saying
this because in China, thousands of retail investors have lost their life
savings investing in online speculative platforms. Some of them lost about
millions of Yuan, the equivalent of about hundred thousands of pounds in the
United Kingdom.
According
to the investors, local Chinese governments earn much from the exchange taxes.
They said the local governments fully support the practice even if some found
themselves duped due to outsized returns.
My only
advice would be to learn from these investors. If a deal is too good to be
true, it could be too good to be true.
Remember,
stock investments and investing in general is all for the long-term growth and
never the short game. There are methods to shorten the timespan of your money's
growth, but that would mean turbulence and a load of headache.
