Be cautious of speculative investments from "summary" of CONQUER The CRASH-You Can Survive and Prosper in a Deflationary Depression by Robert R Prechter
Speculative investments are like a siren's song, luring investors in with the promise of quick riches. However, as history has shown time and time again, speculative investments often end in disaster. The allure of easy money can blind investors to the risks they are taking, leading them to make decisions based on hope rather than reason. In times of economic uncertainty, the temptation to turn to speculative investments can be even stronger. People may feel desperate to make up for losses in other areas of their portfolio, or simply be looking for a way to get ahead in a difficult market. However, it is precisely in these times that caution is most important. Speculative investments are by their very nature unpredictable. They are based on the hope that prices will continue to rise, rather than any solid fundamentals. This makes them inherently risky, as there is no way t...
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