Replies to post #72768 on Options Wonderland

[3xBuBu]

‘Bankrupt in Just Two Weeks’—Individual Investors Get Burned by Collapse of Complex Securities

https://www.wsj.com/articles/bankrupt-in-just-two-weeksindividual-investors-get-burned-by-collapse-of-complex-securities-11591020059?mod=trending_now_1

When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer decided to bet on a complicated product he hoped would deliver double-digit annual returns.

He eventually put 800,000 into the investments. When the coronavirus pandemic came, he lost almost every penny!