Loading ...There were too many questionable losses, not nickel and dime stuff either but for example, a New Zealand dairy farm with assets worth much more than the $70,000 he invested for me. No way it could lose and at 18% annual interest too. Brokers in New Zealand had to post a bond guaranteeing the legitimacy of these types of private placements so I couldn’t lose….but it turned out that the NZ broker had not renewed his license or his bond which had expired a week before this offer was made. The dairy farm did not even exist and I had a total loss and could never get a straight answer from my broker as to how this “you can’t lose” deal turned into a total loss. I think he considered me his cash cow and I was the one being milked. LOL!!! This is when I called it quits, demanded a verifiable explanation which I never got, demanded the return of the remaining value of my account, which I received, and shortly after that is when he died! In settling his estate it turned out there were over $7 million of claims from investors but his entire estate and assets were only $350,000 to be split among all those other investors….so I was one of the lucky ones to have cashed out just in time with only a 50% loss.
As for the rest of your question, I think the only way you can win now that there are so many ETF’s is if you have a copy of their playbook. IMO this is an entirely orchestrated market and world now. Did you notice how the markets began to change as more and more investors began using the ETF’s rather than buying the individual shares? That’s when the game changed from logical to illogical. Good became bad, right became wrong, up became down, buy became sell. All logic seemed to leave the markets. Also at that time the brokers dropped their commissions from $25 per trade to $6 per trade and started pushing day trading and encouraging using margin. In the past in order to make a buy and sell trade it cost you $50. $25 in and $25 out. Now you can make the same buy and sell trade for $12, and what better place to do it than in an ETF…right? IMO investors have been duped into ETF day trading through lies and deception. They think they are buying actual shares like in a mutual fund but in actual fact they are just buying a service that quotes the closing price of the stocks that their ETF represents. So where do all those billions of investor dollars go?Are those ETF brokers just sitting there on all that cash? or more likely, are they using all that cash to control the markets?? Ya think maybe Blackrock etc owns all those ETF’s so they have unlimited funds to do whatever they want with whatever market sector they want to manipulate?? Well, that’s what I think …… and when the time is right and all the important world currencies have been inflated to worthlessness, all they have to do is delist all the ETF’s, introduce their new crypto currency social credit cashless society, and if you do exactly as they say, you’ll own nothing but you’ll be a happy part of Klaus Schwab’s wet dream. LOL!!! All IMO!!
Or maybe sell the ETF’s, go buy phiz, and I don’t mean a phiz ETF. Only the real thing! That’s my Silverngold thoughts anyway!