I’ve been reading a lot about London Capital & Finance (LC&F) recently.
In case you haven’t seen the story, they are a UK investment firm that went into administration a few weeks ago.
They had 11,605 investors who had invested GBP236 million and who now stand to lose a significant part of their money (administrators think they could get as little as 20% of their savings back). Many of these investors were simply looking for a home for an inheritance or the tax free lump sum from their pension. Continue reading “Lesson from London Capital & Finance: risk and return are always related”