Serves you right if you are lamenting on Lehman Brothers' Minibonds

The Financial Tsunami crashes down devouring Lehman Brothers,. Many citizens of the world who bought mini bonds from Lehman Brothers got their hands burnt.

In their frustration, they play the blame game on banks and sales people who "con" them into buying mini bonds. I am kind of sick of hearing these blaming. Y am i not sympathetic? Yes, I am not at all. To understand why, please continue reading.

(Reading my blog when u cannot take constructive advice might cause you disturbance...exit now if u need to)

Golden rule of mine in Investment : "Without due diligence, Everything else is a Gamble."

First of all, how many of those investors understand how mini-bonds work? Many grieving uncles and aunties around the world are lamenting "They only tell me it's safe and u get good returns, Who knows banks will cheat us?"

If you ask them: "What are mini bonds? How do mini bonds works? Why are banks and investment entities selling mini bonds? What role does mini bonds play in the financial market?"

Do you THINK they can give you a good answer? Absolutely NO!
If you have bought the mini-bonds, are you able to answer them? If your answer is "YES", you know the risk and reason why you are losing money. You know there is no one to blame but yourself.
If your answer is "NO", U are worse than gambling. Gamblers knows their odds and know the possibility of worst outcome even though they might be sore losers. You do not even know your odds of worst possible outcome to accept it.

Stop putting the tag "Investor" on your GAMBLER" tag, claiming you are a investor. You are NOT!.

Many people also like to play "ride on success" with friends who are investors. What do i mean? E.g Friend A tells Friend B: "I have some cash and B ...U are good in investment. Can I put some $$$ with you to help me earn $$ following watever stocks u buy?"
No due diligence is done here, you do not know the risk of investments or even what is the investments your friend is going to do. Money is a touchy issue, and in investments we bound to have fair share of losses and wins...only money management helps to make ur wins profitable over your losses.

Whoever reading this remember my golden rule and you will never again be a self denial Gambler. Ask the "Why, What, How, Why", Read news do research and know your risks and worst possible outcome, be willing to accept your losses. Be Diligent, Be an Investor not act like one.