I offer this without comment. The background is that apparently this punter thought that Luckin Coffee INC ADR was a sure thing and put their life savings into it. Apparently it didn’t go as planned.
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Even better still. What about the guy in Brisbane who put $660K into Mayfair 101 IPO Wealth (Aust Fin Review, P24, 6/6/20) and probably has lost the lot. It was to be his nestegg to help his kids into property down the track. Gees ‘101’ in the fund name should have been a big clue to dodge. Risk that much in one investment play to get 3.25% to 5.95% return???? Like, HELLO!!!!
Luckout?