Much money for
less skilled investors gets lost as a result of buying near peaks (greed, or late imitation), and selling near bottoms (fear, or capital preservation).
They even went so far as to say that this means
less people from China (in the
investor program since there is a cap of 1,200 person per country and the increase in the minimum threshold for knowledge of oral and written French) and North Africa (for
skilled workers since the list of occupations has changed).