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Old 09-12-2015, 06:12 PM
LLL
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Hey uncle MK,

I didn't lose millions in business investments like you but hundreds of k, yes. It just takes one to take off to cover the rest. So fortunately, my first one succeeded. It's really true that out of 10 business you invest in, 5 will die, 4 will be in purgatory and hopefully 1 make it. Lots of lessons learned. It's safer to invest in financial instrument imho than businesses you have little control over.

Curious, do you use private banks? Advisory or discretionary?
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