Quote:
Originally Posted by Burnin' oil
A friend of mine tried the RTO/LTO business and had a few investors put up many hundreds of thousands of dollars all of which was secured by vehicles. The problem was the security interests were not vested and the collateral was not properly identified. Through very poor management the business went under and the investors lost everything. It was a mess.
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It is a possibility in any investment, I suppose, but some are more secure than others. Sounds like a lot more than poor management if they truly lost everything. Nothing is better or worse until it is compared to the next best alternative.