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  • 55chevy
    Senior Member
    • Oct 2024
    • 197

    #16
    Originally posted by aviator

    but how much money do I need that's worth for me to risk a substantial amount. I got hurt once by some asshole "expert" at the bank, gave him 100K and saw that become $60K really quick and the shithead was expecting a lot more from me...... I recovered most of it and canceled the account.
    We had a similar experience as well. there are are charlatans every where!

    Comment

    • aviator
      Administrator
      • Oct 2024
      • 2265

      #17
      Originally posted by 55chevy

      We had a similar experience as well. there are are charlatans every where!
      This guy came highly recommended by the chairman of the college board of trustees, they had this wonderful investment strategy for heavy hitters ($1 Milllion plus). I looked at it and yeah, it was sort of a mutual fund created with different mutual funds and of course the prospectus always gives you the best case scenario so I told my wife, let's give him 100K and see where it goes. He was upset when I told him he was getting that..."This is for people with over a million dollars to invest" "Really? and do you think I'm going to give you a million dollars when I don't know who you are and what you do? The name of the bank means shit to me"...he wasn't too happy but took it. it all went down hill from there, he bought us in on the decline (you never do that) and it just kept going down. Eventually came back up where we only lost 10K. Just found his card, he was the VP Private Financial Advisor for Sun Trust Bank. I wonder if he's still there.

      Just looked him up he went into private business.

      BUt I found a lot of dirt on the guy.

      Without admitting or denying the findings, Coral consented to the sanction and to
      the entry of findings that he shared in losses sustained by his member firm's
      customer by depositing $34,935 of his personal funds into the customer's account.
      The findings stated that specifically, Coral deposited two checks drawn on his
      personal bank account in the amounts of $24,715 and $10,220, respectively, into
      the account of the firm's customer. Coral deposited the checks in the customer's
      account, without the firm's prior knowledge or approval, and without having
      previously contributed to the account, to reimburse the customer for losses totaling
      approximately $34,934 sustained in connection with the customer's purchases of
      Puerto Rican bond holdings that Coral recommended.
      Current Status: Final
      Resolution: Acceptance, Waiver & Consent(AWC)
      Resolution Date: 01/24/2017
      Sanctions Ordered:

      Suspension
      Sometimes I wish I had a Harry Potter's wand and make people go up into smoke.

      Comment

      • 4thIDvet
        Slug
        • Oct 2024
        • 1764

        #18
        Originally posted by aviator

        This guy came highly recommended by the chairman of the college board of trustees, they had this wonderful investment strategy for heavy hitters ($1 Milllion plus). I looked at it and yeah, it was sort of a mutual fund created with different mutual funds and of course the prospectus always gives you the best case scenario so I told my wife, let's give him 100K and see where it goes. He was upset when I told him he was getting that..."This is for people with over a million dollars to invest" "Really? and do you think I'm going to give you a million dollars when I don't know who you are and what you do? The name of the bank means shit to me"...he wasn't too happy but took it. it all went down hill from there, he bought us in on the decline (you never do that) and it just kept going down. Eventually came back up where we only lost 10K. Just found his card, he was the VP Private Financial Advisor for Sun Trust Bank. I wonder if he's still there.

        Just looked him up he went into private business.

        BUt I found a lot of dirt on the guy.

        Without admitting or denying the findings, Coral consented to the sanction and to
        the entry of findings that he shared in losses sustained by his member firm's
        customer by depositing $34,935 of his personal funds into the customer's account.
        The findings stated that specifically, Coral deposited two checks drawn on his
        personal bank account in the amounts of $24,715 and $10,220, respectively, into
        the account of the firm's customer. Coral deposited the checks in the customer's
        account, without the firm's prior knowledge or approval, and without having
        previously contributed to the account, to reimburse the customer for losses totaling
        approximately $34,934 sustained in connection with the customer's purchases of
        Puerto Rican bond holdings that Coral recommended.
        Current Status: Final
        Resolution: Acceptance, Waiver & Consent(AWC)
        Resolution Date: 01/24/2017
        Sanctions Ordered:

        Suspension
        Puerto Rican Bonds??? Holy sheeet some investor with that would be better off buying that George Washington bridge toll booth. With all due respect to my Puerto Rican Nam vet friends like every 9 out of 10 Puerto Rican citizen is on U.S. welfare of some sorts. That place is essentially bankrupt. I would not take their bonds for free.

        Comment

        • aviator
          Administrator
          • Oct 2024
          • 2265

          #19
          Originally posted by 4thIDvet

          Puerto Rican Bonds??? Holy sheeet some investor with that would be better off buying that George Washington bridge toll booth. With all due respect to my Puerto Rican Nam vet friends like every 9 out of 10 Puerto Rican citizen is on U.S. welfare of some sorts. That place is essentially bankrupt. I would not take their bonds for free.
          Gotta be really dumb to fall for it.
          Sometimes I wish I had a Harry Potter's wand and make people go up into smoke.

          Comment

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