Press "P" to pray for Boomers
lol at the SEC wasting their time on crypto while the real crooks run even bigger frauds right in front of everybody. This world is fucked
1 Million, and instead of putting it into index fund they put it in an option hedge fund focussed on the energy sector???
>What is diversifying investments?
youtube.com
this guy
S
vulnerable and naive folk are purposely kept in the dark about basic fundamentals so they can be robbed blind by hedge fund operators. hilarious you think this is just business as usual
old ppl go to a lot of seminars where they get targeted for hedge funds, business opportunities, etc. All these big wigs are smooth talkers.
The saddest thing is that they’ll never learn, even without math you can easily tell why undiversified portfolio are bad.
People think finance is a game where you win a lot of money, but they gleefully ignore the “cemetery” of investors right behind Wall Street.
No the broker gambled with their money and was likely going to keep the money, if you ch3ck the youtube video of him, he shows the chart of the stock he was gambling on.
The customers likely had no idea of the risk.
bloomberg.com