Posted on 02/13/2023 2:23:36 PM PST by Fido969
Thanks, I usually did well, but I did lose sometimes, as expected. But I did my homework. When I retired and couldn’t take on as much risk, I did well with REIT.
(2) Doesn't even compare, even fractionally, to the damage Sam cryptoBank-Fraud unleashed:
Regular Americans who lost life savings to FTX!
There was a story about a protestor -- ONE -- who showed up at SBF's parent's home, held up a sign, took a picture, and before leaving, said they had lost their life savings. Journalist present didn't ask them a single question.
If this had been a GOP donor, the DNC would have hired protestors!
"In response to Genesis suspending withdrawals, Gemini halted redemptions from its Earn product. That left in limbo a program that, according to a person familiar with the matter, has $700 million of customer money tied up in it."FTX fallout. Nearly a billion wiped from, not speculators, but people who used the Earn app as a referral product.
See #58…
Sounds like to me that this guy and his friends and family are all Biden voters.
“The object of filing your tax returns is to neither get money back or have to pay.”
By the time you file it is too late. It is what it is.
Bernie Madoff, is that you?
Red flag of potential trouble, if not fraud. Kinda like first sign of AIDS suggested in the literature: Sharp pain in your backside; doesn't an hour to recognize a sunset.
Yes, the options for farmers for example actually helped both sides. The farmers protect themselves from downside risk e.g. glut in the supply that forced prices down while the buyers protect themselves from the opposite e.g. undersupply sending the price high. It was a cost of doing business and minimizing price volatility risk for both parties.
In the stock market, it functions as the same thing but has become an animal of its own for many reasons including the fact that there are market makers running the trading desks. Tesla investors famously used options to force the trading desks to hedge the options they sold by buying shares and forcing a short squeeze. Same thing happened with Gamestop and Bed Bath Beyond and a few others. And the allure of a naked option is the “unlimited” upside. If you got yourself a 10 cent option at a $25 strike for a $20 stock that suddenly landed a huge contract that sent the stock to $45 - that 10 cent option is now worth $20 (and since each option is worth 100 shares, your $10 investment is now worth $2,000). If you risked a few $100 like that you *could* make a huge fortune, but again you have to be exceedingly lucky.
The unfortunate thing is that it actually happens quite often - you hear about something like that every week. There are the famous “wallstreetbets” type groups - I kind of admire their gumption to be honest - that look for stocks that have massive short interests and then try to force a squeeze against the big money shorts. But none of that is investing, none of that is hedging. It is gambling and gamesmanship and brinksmanship.
You have raised an important point about choosing a financial planner. Choose one who charges a fee for his/her services.
Paying a financial planner a commission on what they sell you can be dangerous to your financial health. They have an incentive to put you in investment that generate large commissions for them which may not be suitable for you.
Never thought making a bad loan could have a silver lining.
When trading options & futures, the risk is infinite.
Meaning, you can lose much more than was invested. How much more?
Theoretically, infinite dollars.
“If he could put a minus sign before the 10% on the promissory note and convince the court that it was always there he might be ok.”
And add a zero.
-100%
I don’t know but he better be sure all his affairs are in order!😎
If you buy a put option or buy a call option there are not unlimited losses; you can only lose up to the amount of the premimum you paid.
A stock share’s price is today’s discounted price on its future distributions with adjustment for short-term greed/panic speculation.
Distributions are all the dividends and eventual liquidation.
Understanding the liabilities, cash flow, and components of forward income/expenses of a company are critical for analyzing the company’s real value.
Common shareholders are last in line on getting return.
Understanding the total share count and “fully diluted” numbers are critical in analyzing a stock’s value.
on an aggregate level I’m just in shock by the number of people a year ago who expected 10%+ returns as far as the eye could see when the present earnings yield (i.e. inverse of PE) on stocks was under 4%. I told them to get out and wait to get back into stocks when the actual earnings yield was up to their expectations on stock market returns or to at least level set their expectations better.
My present target is SP500 at 3300 with EPS falling to 190 this year and then 196, 205, 217, 233, 253, and 276 for the rest of the 2020’s. I see plenty of variations on the future earnings for the bull case, bear case, and this is the midpoint forecast. I also don’t count components with negative earnings on the EPS forecast as I eval those stocks separately overall and they create unnecessary noise for sound analysis if mixed together with the components having positive earnings. A deep recession or depression tends to cause lots of companies’ earnings to collapse.
If one took a client’s money while promising a 10% return and did not deliver, then no, that person probably cannot avoid legal action.
It sounds to me like he needs to be in jail
a very intelligent move! congrats.
I knew someone who borrowed from others who were gullible enough to loan him the money.
He had no intention of paying them back. Until he got saved.
Then he paid every one of them back. It took years but he did it.
My mom was always fond of saying “Never do business with friends or family.”
This is indeed a sad story... glad I’m not that guy...whew!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.