My first investment was with an insurance firm, with $8,000 of my savings invested after some sales talk from a sales person of the firm. I was somehow lured into the lucrative profits as said which could be earned from investing in the fund. That was in year 2007 when the fund that I invested in was a global properties securities fund. The fund price I bought was $1 and after my purchase, the fund price headed north slightly but then when the sub-prime mortage crisis of year 2008 came, the fund headed south to $0.60 and then the fund price pretty much hovered around the same price level when finally in year 2010, I decided to sell the fund, forfeiting around $4,200. From then on, I decided not to let others tell me how to invest: I began to read up on fundamental analyses and technical analyses, opened ......
Cannot agree more! Good for you to share with many new investors out there.