Did the title attract your attention?

But I will disappoint a lot of people with the rest of this post as I am not going to share any money making opportunity. However, it may save you a potential loss of money if it can help you understand our human weakness – greed. I cheekily use 4 levels of investment sophistication to attempt to illustrate this human instinct that is detrimental to investing and how we can overcome it with increasing financial knowledge.

Level 0 investor – Submit to scams

The title of this post resonates with our desire to participate in rewarding ventures that require little or no effort at all. Without any financial knowledge and know-how, level 0 investors are ignorant and gullible. Without the financial knowledge to keep their greed in check and to warn them that there is no free lunch in this world, they are susceptible ...