I think it is safe to conclude that this guy is injecting himself into this case and has actually nothing whatsoever to do with it. Weird attention whore. I knew something was off, couple points this guy made simply did not add up.
Maybe, but that’s easy to say in hindsight. Everyone makes mistakes, especially when dealing with investments. If you make 10 investments, at least couple may go sour. While due diligence will always discover some issues because no ones perfect. If you wanted to find perfect investment without risk then you’d never invest at all.
So, you stated you ingested with this guy because you wanted low risk and diversify, then you turn around and put your entire assets into this fund. Lol. Your story gets funnier by the minute. Of course you now turn around and claim I misread and that those 2 accounts do not constitute your total assets in all your securities accounts. Go on, good entertainment.
Why some people here are so obnoxious and look for issues with everything being said? There are real investors who’ve lost real money with this firm, and there is no reason to assume none of them would find their way here. PJB1994 is providing insightful info and answering questions with great detail, while we don’t have any other source of information. Ripping every statement apart is something that 12 year old kids do, and is easy to do with anything being said by anyone. Have some respect, while choosing to accept or ignore someone else’s statements. Or go find some good trades for tomorrow if you’re actually interested in trading instead of trolling.
Would you yourself seriously place funds with a manager that has a history of suits, complaints against him and leaves a long negative internet trail? That is not hindsight, that is doing due diligence. All that. Information was available before his latest money grab venture. And yes, you can find hundreds of individuals with decades of track record who are not mentioned in law suits or complaints. Re risk, no risk no gain... Simple as that. As long as the taken risk commensurates with the stated risk sold to investors.
There is currently a lawsuit going on to sue Optionsellers.com and its broker FC Stone. If you are one of the investors that lost money, perhaps you might want to contact the lawyer to obtain some recovery of your losses. https://www.johnschapman.com/investment-fraud/optionsellers-investment-loss-recovery/
You said in another of your post that you owe $55,000 to FC Stone. So where is this $35,000 coming from? Is this in addition to the $55,000 owed to FC Stone or your IRA account loss or your debt to FC Stone is $55,000? Not intend to invade your privacy or anything but just curious. You don't have to share if you don't want to. Just to give you some idea, he was selling options with strike price that is far out of money but with options, just like everything else, whether something is "safe" is all relative. During "normal", non-volatile market conditions, yes his investment would be considered *relatively* safe but during extreme volatile market conditions like what happened, nothing is "safe" unless the money is put in a term deposit. Just like in the financial crisis of 2008, even stocks from blue-chip companies like Citibank that's considered the "safest" investment tumbled from $200+ to $37 during the financial crisis of 2008. That's how the market is, nothing can forsee the future and nothing is really "safe" or "very safe".
Hi PJB1994, I am so sorry to hear about your losses caused by this rogue wave. Actually, rogue money manager is more accurate. What were the historical returns of this rogue manager like when you made the decision to invest? Did he set an impressive, enticing high investment return target to his clients, yet promise safety and low risk? I hope you can retrieve your money at least partially. He wears a luxurious watch in the video. May be he is worth suing.