Here's a hilarious mutual fund disclosure from 1999
The WSJ dug up the Plain Language Risk Disclosure from a fund called the IPS Millennium Fund from back in early 1999.
It's gold:
We buy scary stuff. You know, Internet stocks, small companies. These things go up and down like Pogo Sticks on steroids. We aren't a sector tech fund, we are a growth & income fund, but right now the Internet is where we think most of the value is. While we try to moderate the consequent volatility by buying electric utility companies, Real Estate Investment Trusts, banks and other widows-and-orphans stuff with big dividend yields, it doesn't always work. Even if we buy a lot of them. Sometimes we get killed anyway when Internet and other tech stocks take a particularly big hit. The "we" is actually a euphimism for you, got it?
We also get killed if interest rates go up, because that affects high dividend companies badly. Since rising interest rates affect everything badly, we could get killed even worse if the Fed raises rates, or the economy in general experiences higher interest rates beyond the control of those in control, or gets out of control. Whatever.
Many of the companies we buy are growing really fast. Like, 50% - 100% per year sales growth. Many of them also don't make any money, although they may be relatively large companies. That means they have silly valuations by traditional valuation techniques.
Forex brokers should have something that says:
Listen, we offer 200:1 leverage but you really shouldn't use it. Think you're smart? Well the guy on the other side of the trade is probably smarter. But what will really kill you is your emotions, especially because you're probably trading in bigger size than you're comfortable with. Here's a hint, if you're waking up three times a night and checking rates, you're trading too big. And if you want to lose all your money as fast as possible, pick tops and bottoms. By the way, no one is manipulating anything, you're paranoid.