September 22, 2010 by Admin | 1 Comment
Leave a reply →
I m a former member of 21st c.a.
We were all sexed up to loan money against our homes, to invest in stockmarket strategies, primarily â€œrenting sharesâ€.
Also we were encouraged to open a margin lending account with ord minnett/leveraged equities.
So you could say that inexperienced people were pos. leveraged on top of borrowed money [leverage on leverage], a potentially dangerous thing if misused!..[but all the while there was a ‘you can do it’ mantra] It now makes me cringe.
Then, just as we re all foolishly cashed up, two graduates/affilliates of jamie, came onto the forum, [Andrew Dimitri & Bill Stacy].
Who then proceeded to woo us away into an even more cant fail sure thing lucrative â€œDIMITRI STRATEGYâ€.
A strategy where you were encouraged to risk up to half of your money, on what was later revealed as just a high risk bull put spread option strategy!
A strategy, that if a proffessional were involved, would advise against, for the simple reason that losses can mount quickly & regaining losses [according to the DIMITRI strategy] would involve doulbling or even tripling your initial risks!
When making this point, we were effectively brow beaten, when/then it was promptly pointed out that the professionals were quote â€œJUST PLAIN WRONG!â€ & â€œHERE S WHY, BLAH BLAHâ€.
Well, a lot of us suffered huge losses etc & of course were made to feel later, that it was our fault for going ahead in the first place JEEZ!!!
Did anybody else have similar experiences with 21st c.a. & PLANET WEALTH [Andrew Dimitri & Bill Stacy]?
p.s. Google Bill Stacy ..Then click on the search result â€œbill stacy?, page 3 aussie stock forumsâ€
Where just two weeks ago, some of this subject matter was discussed, & Bill got torn to shreds over 524 posts & 15000+ views!!!
Required fields are marked *.