I got to know from a friend that his investment of $120K in unit trusts which he invested to support his sister who requires hitting a certain monthly quota has dwindled to only $80K.
See, when he first told me about his plan to invest $120K, I told him that he should try stock options. He could take the low risk way but of course, knowledge and timing are most important. Luck may play a part as well.
Even though the options market is full of opportunities now, my friend already has his capital tied and would not be able to take advantage of it. I don't think he's prepared to cut his losses and reinvest in options!
See, when he first told me about his plan to invest $120K, I told him that he should try stock options. He could take the low risk way but of course, knowledge and timing are most important. Luck may play a part as well.
Even though the options market is full of opportunities now, my friend already has his capital tied and would not be able to take advantage of it. I don't think he's prepared to cut his losses and reinvest in options!
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