Atta boy, I see you Swan!!
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One of my former colleagues was a big (not moneywise) day trader (in commodities, no less). This was back in 2016. It was evident right away that he really had no clue of what he was doing (guy thought oil companies track oil prices 1:1), didn’t understand the market and even started having this pipe dream of retiring early when he managed to turn his 500USD account into 5000USD. I asked him to rethink his investment strategy, tried explaining the dangers of derivatives etc and was met by arrogance and derision. When the Great Blowup eventually happened, I was really happy. Didn’t even feel bad about it afterwards like Greenman did. I still laugh about it every once in a while.
have you ever tried to tell a beta male what is wrong with them? even if you were trying to genuinely help they’ll despise you for pointing out their flaws. its not about them making a wrong decision, its about how you made them feel. some people just cant handle the truth. they prefer to lie themselves everyday rather than improve.
Greenman doesn’t sound like the poisoning type.
I would certainly use this opportunity to call some of these prospects back to see if you can get in front of them. (TX is opening back up for business right?) For some of them, there may be some significant tax and estate planning issues that you may be able to take advantage now that the price of oil blew up?
Yup, agree with Mike, you made a good call they likely remember, time to be humble, act like it never happened and capitalize on it. $$$ Greenie