WHY WOULD ANYONE DECIDE TO MAKE SUCH AN INVESTMENT? HISTORICALLY ECONOMISTS HAVE DEBATED NEGATIVE INTEREST RATES, BUT ONLY IN THEORY

10-YEAR SPANISH BONDS YIELDS JUST HIT A YIELD OF 2.17% P.A. AS I WRITE THIS. THIS IS THE LOWEST BORROWING COSTS THE COUNTRY HAS EXPERIENCED IN THE LAST 200 YEARS, WHEN EUROPE WAS LED BY MONARCHIES AND NAPOLEON WAS PLOTTING HIS CONQUEST OF SPAIN

MY FIRST INVESTMENT PORTFOLIO BLEW UP DUE TO EXCESSIVE LEVERAGE WHEN I WAS 19 YEARS OLD. HAVING CONCLUDED THAT I WAS UNLUCKY, I PROCEEDED TO BLOW UP MY SECOND PORTFOLIO THREE YEARS LATER