Originally Posted by
exekcabincrew
I really don't like to read comments such as "Those greedy idiots who invested in this ponzi deserve to lose their money!"
First, most people are financially illiterate, not by their foul. In school we are taught when some battle between King A and King B took place instead of learning stuff actually relevant to life, like investments and finance for ex.
So when people see their friends making money at lightning speeds, they also want in. It's normal behavior. These investors should be seen as victims, not as "someone who deserves it"
This is a pilots forum, I guess most pilots come from backgrounds when they have the chance to get to know the world of investments, so they are more protected from these schemes. I think its reasonable to assume that pilots get more exposure to finance than CC. Many CC never had exposure to investing, so they are way more likely to fall for these claims. On top of that add the environment of Dubai, all the exuberance around you, everyone is rich except you kind of thing, so there is even more temptation to make money fast, no matter how.
Please think about this before saying that someone deserved whatever.
Finance is complex and mysterious for most people, so only harsh enforcement can stop this sort of schemes from happening. Because as many have said, people never learn. They never will, it's in our nature to wish more than we have. But victims of ponzis are not to blame. The lack of enforcement and regulation is.
I am sorry,but I also don't agree with you.When you make high risk investments,you should be comfortable with the idea of losing all your money,that is why its coming with a high profit,like buying shares and so.If you don't know how to do it-stay in the safe zone and don't risk your money.Banks have low deposit interest rates,but up to a certain amount the money is guaranteed.Financial "ignorance"is not an excuse when you risk your hard earned savings in some dodgy schemes.My husband is buying /selling shares and making sometimes little profits.He tried to talk me to doing it -I'm just not comfortable with the idea that I can loose whatever I will invest and have no interest whatsoever.