He could also put his head in the sand, have 100% faith that his investments are in safe hands and will fund his retirement. Then he may wake up one day and find that all is not as it was expected to be and he has to keep working for many more years into the future.
Some people only want to hear good news, bad news upsets them. Spec stocks have more bad news than good news and are renowned for overspending, being overoptimistic when reporting and underachieving. Take into account that the grass always looks greener on the other side of the hill as well. Add in that the ASX is, in reality, a gambling Casino and has small investors disadvantaged.
Use the ignore function with caution. you may not get the bad news until it is too late.
Ann: $5m Placement to Advance Windorah Gas Project, page-59
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