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A comment on The Rich Are Already Using Robo-Advisers, and That Scares Banks. Parent comment

Re:The Rich Are Already Using Robo-Advisers, and That Scares... by peteretep on Monday February 08, 2016 @12:13AM (#11056455) 

    > people who earn a millions, but are not savvy
    > investors end up broke
One suspects that's more to do with outgoings than with returns
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Re:The Rich Are Already Using Robo-Advisers, and That Scares... by Retric on Monday February 08, 2016 @12:04PM (#11059288)
You can't live on negative returns.

Restaurants are a classic example of money pit 'investments', but so are a lot of real estate deals etc.

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