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
Pic related is the stock.
what timeframe is that spike - one day?
At least with crypto my losses are only 95%. Take that boomers!
>look at the title of the y axis
The sec is the frauds you dumb fuck.
>we lost
>our savings
>my husband worked all his life for that money
Top kek.
Kino
He didn't defraud anyone, he took an extremely irresponsible position though, and got absolutely fucked with no lube.
Somehow, this makes me really sad and I realize storing up all this wealth is vanity
Based and redpilled.
>hedge fund
>hedge
Lol thats not a boomer, thats a boomers mom and dad.
Theyre nor content with fucking up their kids generation, but now whats left of their parents generation as well.
>90 years old
>born in 1928
>Fight for your country in 2-3 wars vs chinks and gooks
>get JUSTED by boomer and the end of your life
Would diversifying not have worked then?
Moron.
It was a team effort, he earned the money and she badgered him into investing it into bullshit so as to keep up with the jonses
the sec is the fraud kek
>thanks for the BBQ sauce
>He doesnt also hold indices
Come on zoomer you have all the knowledge at your finger tips.
> not holding chainlink
Pre-boomers not gonna make it.
why do all you faggots pick on boomers? you're literally being manipulated to look the other way. the boomers arent the problem, its the big people at the top
The boomers are placid enough to take it
The boomers vote for it. Fuck the boomers.
ok lets ignore who they're voting for and go after the boomers. nice play
you can be sure they didn't put all their money into that hedge fund. she is whining but probably took like a 10% hit.
Kek get fucked boomers. Looks like that gay generation will finally pay for what they did to the world economy.
Good thing too, they were just 10 or so years away from dying and getting away with it.
>+20% and -15% in the same day
>can't handle this much volatility
kek.
this faggot wouldn't last a day in crypto
>Invest all of your money in a margin trading hedge fund, a type of managed investment highly prone to risk
>WTF WHY DID I LOSE MY MONEY?
>don't blame the niggers for voting for gibs, blame their elected representatives
>don't blame the kikes for voting for gibs, blame their elected representatives
>don't blame the boomers for voting for gibs, blame their elected representatives
To be fair most people doing high risk trading in crypto get liquidated by a 15% drop as well
there are retards ITT who think 90+ years old = Boomer
you fucking retards! these are the men who stormed the beaches of Normandy and Iwo Jima for our freedom and you spineless cunts piss on their legacy as some faggot steals all their money and dignity. Zoomers are officially the WORST generation alive today
Those are options, so regular crypto related volatility mechanisms apply to a very limited degree.
Perhaps he was selling options as a strategy?
>Zoomers are officially the WORST generation alive today
THIS
Stupid 90 year old boomers, I'm happy holding my stinky linkies and NEETing at my parents until the next moon season. $1000 EOY bitches.
>these are the men who stormed the beaches of Normandy and Iwo Jima for our freedom
good goy
socios playing the devastating card is always terrible, doesn't work at all
Pretty sure he faught ze zermans too
But how could the divide and conquer tactics work if they didn't find somebody else to blame?
Idk about you people but the way he speaks is so fucking fake that i almost started vomiting listening to his voice. What happened actually was the following:
>Oh lets make a hedge fund. I iz smart.
>I dont want to work for someone.
>I want people to give me money.
>I have money yay! I can drink wine all day and be a sloth.
>Hmm how can i make more money.
>I promise my donators to get annual returns.
>I actually make very risky trades.
>The goal is to gain more money than the annual returns.
>These more gains are my profit.
>I live forever off of other people.
>Oh shit i think we are failing.
>Transfer funds to an off-shore account.
>Sorry lost all of your money.
>Exitscam and go dark.
>Live in another country with shitloads of cash forever.
The dude is a conartist. He scammed all of those poor people and went dark. He will probably get killed bcs some men have a certain limit and if you are in an age where you have a high chance of dying then you wont give a shit anymore anyways. What baffles me is that this is similar to ICOs. Watch out bros this can happen anytime in crypto. What makes me angry is that people like such who produce 0 productivity in the society get away with this shit. He should be put to federal prison for the rest of his life and all of his assets seized. Such an irresponsible move but alas thats how conartists work.
What can we learn from this? DONT EVER GIVE YOUR MONEY TO SOMEONE ELSE TO INVEST. Period.
>he scammed all of those poor people
That's not how you spell 'greedy boomers'. Yes, the guy is a shitty actor and bullshit artist, but his 'family/clients' are just lazy retards who wanted a free lunch rather than doing their due diligence and being patient and disciplined. Fuck 'em.
Yes thats what i said bro.
>What can we learn from this? DONT EVER GIVE YOUR MONEY TO SOMEONE ELSE TO INVEST. Period.
>flashing the ol' rolex
>having trouble reading a basic chart
Zoomer confirmed
Do you guys think it's retarded to have 6 million invested with AXA?
>dying and getting away with it
keked, but true
What is so appealing about this guy that anyone would want to use his services in particular? What sort of return rate was he promising his clients?
In AXA stock - Yes, unless you have a 600 mil wallet.
In AXA products/services - It depends, what are those products?
His fake crying looks exactly the same as Robbie Parker's
I don't agree with you completely.
He is con artist or maybe a gambler, but no one forced investors to give him money. Most likely they were charmed by his charisma and promises.
Most investors most likely knew risk but ignored because of potential profits. Now they have results.
I personally blame investors as options are hard but not a rocketed science, they should have known how options work and about leveraged positions.
They are same type of people who invest in bitconnect. They knew about a risk but turned blind eye
>dat swag
They invest it for me, I've been getting around 12% per year and they take 1% for themselves
I don't think he actually stole the money. he just traded a strategy with a huge negative skew. such a strategy makes very consistent gains that look very good on paper. however, as the strategy has a negative skew, he will get a very large loss every few years. the plan is to just get liquidated and close the hedge fund if that happens. he doesn't lose anything except his hedge fund as he doesn't have his own money in it. he even got his costumers into debt. that is, he milked his costumers all those years and made a fortune knowing that it will blow up sooner or later. while it's unethical, I guess it's more or less legal.
Oh this is surely bait, r-right?
pretty fucking depressing desu
P
If you could read from the picture you yourself posted then you'd notice that it wasn't a stock.
top keksauce
With near 20% average daily swings I would have a hard time blaming the trader for the loss. You can only do so much, you don't always get your stops filled, or at the price you want. And many of the ((regulations)) used during high volatility can really wreck you.
he is 100% to blame for this.
took the stop loss none meme too literality
hahaha get fucked you dumb boomers
well not for the amecians freedom, rather europe's and japan's freedom. otherwise the soviets could of taken the whole germany and did you know that they had plans to occupy northern japan? we could have the same north/south thing with japan as with korea today
she said they lost their entire savings
90 year olds arent boomers theyre the greatest generation
it's just banter mate you absolute faggot
>stormed the beaches of Normandy and Iwo Jima for our freedom
nigga the Nazis were across the entire Atlantic Ocean
Don't know how Americans can trick themselves into thinking invading someone else makes their country more free, especially when their government is non-stop taking away their liberties
Nice.
Anyway, it's always prudent to diversify a bit.
See AIG in 2008. They were bailed out.
Now imagine AXA goes bust... Can you be sure they would be as well?
this is why you dont get married
When you invest in a risky hedge fund like that there’s always a risk of you losing a lot of money. Tbh these boomers are retards if they put almost all of their net worths into this fund. The manager might just have been really unlucky, he didn’t necessarily do anything wrong. It’s the equivalent of putting most of your net worth into a small biotech company and crying when the stock drops because a clinical trial for one of their drugs fails.
soz, see
Being naked short calls is grossly negligent with even the most risky of speculative capital - and sheer recklessness in a so-called 'conservative' strategy.
>he is 100% to blame for this
Says the retard who has no idea how futures work. They could have halted trading and blew through his stop, and likely did. A 20% daily swing is nearly unheard of in these makrets.
Exactly, they wrote the options, the puts and the calls. I think they've written either of the two without hedging against it. Then suddenly price spike, people sell their options and request the money from them to settle for the options they wrote. Probably couldn't keep the margin and got liquidated. not sure which spike was first, the long or the shorts. Either way writing options without hedging is so fuckin dangerous.
based and redpilled
>its the big people at the top
You mean the jewish... boomers?
lol, that % change is a typical day in crypto.
t. all-in LINK
Sandy Hook was some kind of satanic ritual sacrifice, wasn't it?
Hey hey heeeeeeeeeeyyyy
Why he isn't under arrest yet?
looks like a jew manipulated the market to fuck his long position over.
welcome to stock markets.
futures should be illegal, they are so corrupt its insane.
and she still gave them a star. Nice! It's the little things that make this worth doing.
fpbp
>for our freedom
lmao
back to Jow Forums nazi faggots
boomer cope
Because it is the boomers who hold all the power positions in society right now
He went 100% all-in?
What the fuck?
I find this VERY hard to believe
>big as fuck
>2 oceans
>2 big ass mountain ranges
>the most powerful navy even at that time
>every household had multiple rifles
Invading the US would be like Afghanistan^100000