IN THE last two months, I’ve had three client prospects come to me – all of whom suffered significant losses of between 40 and 70 per cent in last year’s challenging financial markets. Two of these portfolios were professionally managed. The third, which was self-directed and the worst performing one, had far too much risk. It suffered two margin calls in July and October, ending in a forced sale of investments at a significant loss. The other two portfolios were concentrated in the worst performing sectors of last year: technology and China.
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