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That very true Willai. I have taken six figure losses with my direct share trading. There is no outcry because no one else is involved. I paid my brokerage and lost my money. However, when you lose money despite paying someone else a fee, there is major outcry and outrage because the punter...

Most professionals - barristers, surgeons, accountants - do not operate on a no win no fee basis. Generally a no win no fee approach is to try and entice new business.

I don't see any problems with fund managers taking a cut. They are also making a living. They often disclose that they are taking a cut. It is no different from mortgage brokers / real estate agents taking a cut even if the property value tanks, the doctor taking a cut even though you may die...

When I hear about investors losing a lot with failed investments such as Westpoint, Storm, recent CBA debacle, I must say that I don't have a lot of sympathy for these people. No one forces them to invest. When I used to attend "property investment" seminars, I enjoyed watching their high...