John Yamamoto-Wilson wrote:

> > In fact, as you say, fund managers are paid to worry about that
> > for me.
>
> And what about when it doesn't work out?

Again, it is the same as if your book trade doesn't work out. There is a risk
of all you invested or spent, being gone. One might even go into debt if their
fails, though the loss to a small financial investor like myself is limited to
my investment.

> What about when you end up paying them to lose your shirt for you?

Why is losing money on financial investment "losing your shirt", but losing
money on unwise buying choices, poor trade or a poor market, or losing an
entire shop to damage, not? And if one limits their financial investment, as I
do, to "surplus money", as you do with your "side business" of books, why is
losing one's money on financial investment any worse or any more unwise?

You are not simply saying your choice is books, which is fair, but seem to be
indignant that your savings was lost on financial investment (as opposed to
buying books). Did the representative or broker deceive or intimidate you to
get your money? Did the fund manager do something unethical or illegal to lose
your money? Were they incompetent?