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#1
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Rookie day trader $700,000 in debt
He had a neg $700,000 balance in his Robinhood account and killed himself. Sad story.
https://www.marketwatch.com/story/finance-isnt-worth-losing-your-life-over-the-heartbreaking-story-of-a-rookie-trader-who-racked-up-700000-in-debt-2020-06-14?siteid=yhoof2&yptr=yahoo
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Tony H W111 280SE 3.5 Coupe Manual transmission Past cars: Porsche 914 2.0 '64 Jaguar XKE Roadster '57 Oval Window VW '71 Toyota Hilux Pickup Truck-Dad bought new '73 Toyota Celica GT |
#2
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A friend of mine hated Trump. He confused hatred with market analysis and probably put all his non-401(k) wealth in a "3X contra fund," one that goes in the opposite direction of the market at three times the speed.
A friend of Frau Putzer's is a widow, 70 years old, and working at Target. Her husband made one bad investment after another, and then died early. |
#3
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He should have left country,and started over. I can see suicide,for depression,deadly illness,or facked up veterans healthcare
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1999 w140, quit voting to old, and to old to fight, a god damned veteran |
#4
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There was bankruptcy to consider. Has to be better than oblivion. Far from the first person to have done things like this.
I hate to say this but it was only money in reality. I am not related to Jack Benny in any way but at times I wonder. Running real risk is a probable requirement of getting anywhere when young. Many of us including myself did it. There is limited time to recover as you get older. From misteaks. So being risk adverse is probably just common sense as you age. Chasing money you can not even ever spend past perhaps fifty is perhaps not that wise. If a large risk component goes along with it. Just my opinion though. Last edited by barry12345; 06-20-2020 at 10:40 AM. |
#5
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Robinhood is the Joe Camel of day trading. Here's a direct quote from their webisite on margin calls:
Quote:
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#6
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My profits have to come from somewhere ...
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#7
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There is no shortage of greedy idiots.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#8
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Permanent solution to a temporary problem.
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#9
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There is no shortage of idiots.
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