Two things not to invest in:
1: Nobel prize winner Robert Shiller says housing is a lousy investment.
2: FMP Medical Services Limited, who just made history by being the first company to have a prospectus cancelled by the FMA.
The point with the first is that all of your cash is tied up in one illiquid over-levered investment, and you are not diversified. That means you can lose money quickly.
The point with the second is that not all investments are created equal – look very hard at everything and be a smart investor. Starting with an FMA registered prospectus gives you a basic level of protection, but does not, of course, mean it’s otherwise a good investment unless you have actually read the prospectus and taken advice if required.
Lance Wiggs 