Impossibly large returns on investments
Discussion
A friend of a friend got sucked into CFDs and was making good money for some time in the bull market conditions of a few years ago (he's since stopped-- more below) and was insistent that he had a 'strategy'. Despite concerns expressed by a few close friends, he persisted.
Quelle surprise--when markets softened he had to keep pumping money to cover his leverage before being ceremoniously dumped out of the market with losses of around £100k.
I wonder, given recent positive growth in many markets, whether this is something similar. Regardless, if something sounds too good to be true, it almost certainly is.
Quelle surprise--when markets softened he had to keep pumping money to cover his leverage before being ceremoniously dumped out of the market with losses of around £100k.
I wonder, given recent positive growth in many markets, whether this is something similar. Regardless, if something sounds too good to be true, it almost certainly is.
YorkshireStu said:
RENT (Rent the runway) stock went up 162% in a single day yesterday.
So opportunities for big wins are around. I made 32% from it - only got in late, missed the start.
Pays to follow the Reddit sub-forums!
Clothes rental does 4x in a day?So opportunities for big wins are around. I made 32% from it - only got in late, missed the start.
Pays to follow the Reddit sub-forums!
There I was hearing markets could price accordingly. So what dramatic change has occurred to 4x it?
Or is this just self fulfilling pump/dump prophecy from Reddit hype?
I generated what I think were very good returns on my time and investment on the markets by having investment banks pay me to trade with their capital.
Eventually they paid me to watch while other people traded with the bank’s capital, and paid me even more.
My own money tends to sit in a globally diversified fund and not get meddled with.
Eventually they paid me to watch while other people traded with the bank’s capital, and paid me even more.
My own money tends to sit in a globally diversified fund and not get meddled with.
Greshamst said:
Sounds easy, so all I have to do is pick a stock that’s going to go up 162%?
I’m going to give that a go, there’s basically no downside I can think of.
You could also spend hours every day watching stocks play out, as I do, and take a punt based upon a variety of factors that suit your personal risk assessment. I’m going to give that a go, there’s basically no downside I can think of.
It’s ok being flippant about these things but all I’ve pointed out is big gains can be made.
Take SMCI and NVDA. Up 1000%+ and 200%+ in the last year alone. No one could predict this but neither were bad bets either since they were solid investments throughout their journey from the beginning. Research means you would be aware of their potential. I’ve banked very good money from both.
RENT is a surprise, sure, but also not a “penny stock” gamble.
The massive upside was unexpected but also not impossible to cash in on either. As soon as earnings released and that magical term A.I was included in the forecasts, it was worth a closer watch.
If you research enough, follow trends etc, these things pop up.
You can see fairly quickly if you have got it wrong and cut losses - especially using the stop-loss mechanism - but when it goes up…well, I’ve made a lot more than I’ve lost.
Sure, I’m gambling but funny how it has worked out overall and now I’m playing only with profits from that. If I lose 100% of my play money now c’est la vie. Won overall.
Is the Stock Market a risk? Massively. My own risk level means no leveraging, no options, no CFD’s etc just plain old buy and sell long trades on NYSE/Nasdaq/S&P500.
All I’m saying is, the answer to the thread title is big gains that are not scams are out there if you take the time to look.
Disclaimer: 70%+ lose their shirts.
Mr Whippy said:
Clothes rental does 4x in a day?
There I was hearing markets could price accordingly. So what dramatic change has occurred to 4x it?
Or is this just self fulfilling pump/dump prophecy from Reddit hype?
They mentioned A.I in their forecasts. Market got excited. There I was hearing markets could price accordingly. So what dramatic change has occurred to 4x it?
Or is this just self fulfilling pump/dump prophecy from Reddit hype?
I fully expected a huge dump in the last hour before close but nada.
It’s down 17% in pre-market now but even that is ‘low’ for a pump & dump given that rise.
Interesting to watch but yeah, pure market manipulation and should crash back to a more ‘realistic’ value but then…the entire Market is, just to varying degrees.
AndyAudi said:
I have a finance background & often get asked my opinions on things from friends etc, similar to OP’s Q.
It amazes me how some supposedly switched on folks get sucked in by greed.
Or just ignorance and naivety.It amazes me how some supposedly switched on folks get sucked in by greed.
A friend of mine got scammed by a Christmas tree scheme. She said she knew the trees really existed because they sent her a brochure with pictures of Christmas trees on it. Needless to say I stopped her spending any more money on it. However the 'company' contacted her a year later, said they had a buyer in Germany, and that to get her money she just had to pay shipping and insurance.
Misanthroper said:
Friend of mine told me about someone he knows who is paying what to my mind are impossibly large returns on investments, and I’m trying to figure out what the catch is.
....
I know it’s not entirely impossible, but there seems to be an aire of easy money about it, and for me if it seems too good to be true it probably is.
The catch is that its is not true. They need always new money to cover your earnings. Its called a pyramid. ....
I know it’s not entirely impossible, but there seems to be an aire of easy money about it, and for me if it seems too good to be true it probably is.
Love the similarity between Stu’s post and the crypto thread.
All the buzzwords.
That awful phrase “plays out”.
Claims that what was predicted by poster last week happened yesterday.
No predictions about what will happen next week.
If it’s like the cryptobros, expect a follow up post in 10 days describing next weeks movement as “as I predicted 2 weeks ago” (but didn’t post today).
This isn’t meant to be a character assassination of Stu, more a reflection on how similar his post is to the crypto warriors eg that refer to daft terms like “new ATH” as if their 5 months “investing” in etherium is more insightful than other posters who have managed assets for decades…
All the buzzwords.
That awful phrase “plays out”.
Claims that what was predicted by poster last week happened yesterday.
No predictions about what will happen next week.
If it’s like the cryptobros, expect a follow up post in 10 days describing next weeks movement as “as I predicted 2 weeks ago” (but didn’t post today).
This isn’t meant to be a character assassination of Stu, more a reflection on how similar his post is to the crypto warriors eg that refer to daft terms like “new ATH” as if their 5 months “investing” in etherium is more insightful than other posters who have managed assets for decades…
Some Gump said:
Love the similarity between Stu’s post and the crypto thread.
All the buzzwords.
That awful phrase “plays out”.
Claims that what was predicted by poster last week happened yesterday.
No predictions about what will happen next week.
If it’s like the cryptobros, expect a follow up post in 10 days describing next weeks movement as “as I predicted 2 weeks ago” (but didn’t post today).
This isn’t meant to be a character assassination of Stu, more a reflection on how similar his post is to the crypto warriors eg that refer to daft terms like “new ATH” as if their 5 months “investing” in etherium is more insightful than other posters who have managed assets for decades…
It’s endemic in people online claiming to be making money in the markets, the mixture of vague or meaningless predictions and claims after the event to have predicted something.All the buzzwords.
That awful phrase “plays out”.
Claims that what was predicted by poster last week happened yesterday.
No predictions about what will happen next week.
If it’s like the cryptobros, expect a follow up post in 10 days describing next weeks movement as “as I predicted 2 weeks ago” (but didn’t post today).
This isn’t meant to be a character assassination of Stu, more a reflection on how similar his post is to the crypto warriors eg that refer to daft terms like “new ATH” as if their 5 months “investing” in etherium is more insightful than other posters who have managed assets for decades…
You get none of this on the trading floor in a bank, no grandiose statements about having predicted a massive movement or having apparently predicted the last one.
YorkshireStu said:
You could also spend hours every day watching stocks play out, as I do, and take a punt based upon a variety of factors that suit your personal risk assessment.
It’s ok being flippant about these things but all I’ve pointed out is big gains can be made.
Take SMCI and NVDA. Up 1000%+ and 200%+ in the last year alone. No one could predict this but neither were bad bets either since they were solid investments throughout their journey from the beginning. Research means you would be aware of their potential. I’ve banked very good money from both.
RENT is a surprise, sure, but also not a “penny stock” gamble.
The massive upside was unexpected but also not impossible to cash in on either. As soon as earnings released and that magical term A.I was included in the forecasts, it was worth a closer watch.
If you research enough, follow trends etc, these things pop up.
You can see fairly quickly if you have got it wrong and cut losses - especially using the stop-loss mechanism - but when it goes up…well, I’ve made a lot more than I’ve lost.
Sure, I’m gambling but funny how it has worked out overall and now I’m playing only with profits from that. If I lose 100% of my play money now c’est la vie. Won overall.
Is the Stock Market a risk? Massively. My own risk level means no leveraging, no options, no CFD’s etc just plain old buy and sell long trades on NYSE/Nasdaq/S&P500.
All I’m saying is, the answer to the thread title is big gains that are not scams are out there if you take the time to look.
Disclaimer: 70%+ lose their shirts.
What you're describing there is luck, not judgment. Judgment gets you small, consistent returns. Luck makes you 162% one day and loses it all the next.It’s ok being flippant about these things but all I’ve pointed out is big gains can be made.
Take SMCI and NVDA. Up 1000%+ and 200%+ in the last year alone. No one could predict this but neither were bad bets either since they were solid investments throughout their journey from the beginning. Research means you would be aware of their potential. I’ve banked very good money from both.
RENT is a surprise, sure, but also not a “penny stock” gamble.
The massive upside was unexpected but also not impossible to cash in on either. As soon as earnings released and that magical term A.I was included in the forecasts, it was worth a closer watch.
If you research enough, follow trends etc, these things pop up.
You can see fairly quickly if you have got it wrong and cut losses - especially using the stop-loss mechanism - but when it goes up…well, I’ve made a lot more than I’ve lost.
Sure, I’m gambling but funny how it has worked out overall and now I’m playing only with profits from that. If I lose 100% of my play money now c’est la vie. Won overall.
Is the Stock Market a risk? Massively. My own risk level means no leveraging, no options, no CFD’s etc just plain old buy and sell long trades on NYSE/Nasdaq/S&P500.
All I’m saying is, the answer to the thread title is big gains that are not scams are out there if you take the time to look.
Disclaimer: 70%+ lose their shirts.
YorkshireStu said:
My own risk level means no leveraging, no options, no CFD’s etc just plain old buy and sell long trades on NYSE/Nasdaq/S&P500.
So this s
te you picked out of a Reddit pump and dump forum thing, is that now a long trade? Will you sit out rent a whatever for 5 years because they used the term "AI" in their report? You'll be buying a lot of penny shares this way, which is not quite what your description of your own risk level accords with.
CLK-GTR said:
A common scam. You give them a small amount of money and they quickly turn a healthy profit. You then give them a large amount of money and they disappear off the face of the earth.
Correct . I was stood in a police station recently and overheard a lady trying to report exactly this. She was fobbed off to action fraud , but the above was the bones of her story . Ken_Code said:
I generated what I think were very good returns on my time and investment on the markets by having investment banks pay me to trade with their capital.
Eventually they paid me to watch while other people traded with the bank’s capital, and paid me even more.
My own money tends to sit in a globally diversified fund and not get meddled with.
Thanks Ken, this is the crux of it for me and nice to hear from someone who knows what they are doing confirm it for me. I have a global fund I pay into every month and try to forget about it. Eventually they paid me to watch while other people traded with the bank’s capital, and paid me even more.
My own money tends to sit in a globally diversified fund and not get meddled with.
It has been negative in the past (a good thing? Just plough more money in!) currently I am about 37% up. I’d of had the account 4 years in November. My plan is just keep chipping away for the next 20 years or so and see how I end up.
Definitely staying away from trading 212/ picking myself. Yes I had some luck. I also lost some! I have learnt to leave it to the professionals!
So apparently it’s currency trading (so forex), £60 is now £800 but needs to pass £1300 to pass stage 2(??) before any money can be taken out.
No idea what the stages refers to, the whole thing sounds mega dodgy but they still only have £60 exposure.
No idea what the stages refers to, the whole thing sounds mega dodgy but they still only have £60 exposure.
Edited by Misanthroper on Monday 22 April 20:24
Misanthroper said:
So apparently it’s currency trading (so forex), £60 is now £800 but needs to pass £1300 to pass stage 2(??) before any money can be taken out.
No idea what the stages refers to, i the whole thing sounds mega dodgy but they still only have £60 exposure.
It’s all a scam. There are no “returns.”No idea what the stages refers to, i the whole thing sounds mega dodgy but they still only have £60 exposure.
Al Gorithum said:
Misanthroper said:
only about 20 and living what looks like a very rich lifestyle out of this,
Because it's a Ponzi.If you are making loads of money, you don’t let others in on the secret, you keep it very quiet.
You don’t flaunt a car, hotel suite, cash, watches, champagne or designer shopping bags on Instagram unless you want money off saps or have it already and like dangling it in front of saps, look what I have got, you haven’t. No point boasting to other rich folk, they have all the gaudy crap and you need something extra special, then it’s not about what you have, what plebs dnt have, it’s about what other rich folk don’t have or can’t get.
Misanthroper said:
So apparently it’s currency trading (so forex), £60 is now £800 but needs to pass £1300 to pass stage 2(??) before any money can be taken out.
He’ll almost certainly find that his £60 is actually now £0.He should just walk away.
If he puts more money in he’ll certainly advance to Stage 2 (of proving to the scammers that he can be taken for more of the carrot/pitch is right).
J4CKO said:
You don’t flaunt a car, hotel suite, cash, watches, champagne or designer shopping bags on Instagram unless you want money off saps or have it already and like dangling it in front of saps, look what I have got, you haven’t.
At which point we have to link to...https://www.youtube.com/watch?v=-rVV7rUv3p4&ab...
Gassing Station | Finance | Top of Page | What's New | My Stuff