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26 thoughts on “Help me out with a terrible situation”
  1. Avataaar/Circle Created with python_avatars Paul Merritt says:

    Tom, thank you for sharing this gentleman's situation. You truly humanized him. I hope my advice helps him. I hope my encouragement inspire him.
    In tough times, only the kind survive.

  2. Avataaar/Circle Created with python_avatars Paul Merritt says:

    That's a tough situation to be in.
    I truly feel bad for the man. He thought he saw an opportunity, in a crazy time where opportunities can happen.
    To this gentleman I say this, "You made a bad decision, but that does not mean you are bad man or failure of a man."
    This is important for you to know.
    Second, you've accomplished the additional step of asking for help.
    That, right there, is the most humbling of experiences.
    I know, because I've been there.
    Now that you have made this request for help, let me inform you about the Third Thing: Vultures are flying overhead looking to pick your bones clean. Your wife and children are these bones and muscle that can potentially be stripped from you. I've been there sir, and I lost everything that ever mattered to me. And, honestly, I don't even wish this fate upon my previous enemies…
    You need to do two things at the same time; (1) Secure and Isolate your assets that you currently own. (2) Have an honest discussion with your wife and your children about why things are going to get tough.
    Then, You Need To Do The Third Thing: Present to your friends the problem that you need help with, and hope that they will help you get through this problem. This is where picking your friends wisely really matters.
    Get the wife and kids on board with the possible down time. Now make sure to find the friends that will bring you back to the uptime. Then make it a point to pay those debts back as quickly as possible.
    All in All sir, I truly wish you the best of luck. I hope you and your family survive this strait you are all in, and that you eventually prosper. Hopefully that prosperity comes sooner than later.

  3. Avataaar/Circle Created with python_avatars Kal El says:

    He would have been much safer just holding till 2027. He would sleep like a baby and still be smiling. I truely hope he just clears the books and starts all over again. Never use leverage!!!!

  4. Avataaar/Circle Created with python_avatars Phil Gosling says:

    Don’t try to time the market. Wait 5 to 10 years.

  5. Avataaar/Circle Created with python_avatars Joseph says:

    Better!

  6. Avataaar/Circle Created with python_avatars David Dang, MD says:

    Sell everything and preserve what you have.

  7. Avataaar/Circle Created with python_avatars JustJoeyInvesting&Finance says:

    Great video, praying for the other guy

  8. Avataaar/Circle Created with python_avatars dialac1 says:

    He’s soaring TO THE MOON 🚀 like the Hindenburg. For a person that managed to accumulate that amount of money, this is the last thing I would have expected from someone like him

  9. Avataaar/Circle Created with python_avatars KASFWAMI says:

    Never use margin… Never listen to random dude on youtube, be selective….Keep investing in blue chip stocks

  10. Avataaar/Circle Created with python_avatars EikTuKaTu says:

    Was about to recommend a few books about psychology in the markets, but for some reason youtube censors my comments 🙂 Freedom and democracy boys!

  11. Avataaar/Circle Created with python_avatars 3pharaohstowers says:

    Margin Calls are EXTORTION. DOLLAR IS PURE DEBT. You cant payoff debt with us dollars
    ARTICLE 1 SECTION 10 NO STATE SHALL MAKE ANYTHING BUT SILVER AND GOLD US MINTED COINS A TENDER IN PAYMENT OF DEBTS.
    14th AMENDMENT SECTION 4 Public Debt Clause
    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

    Selling stock and margin calls on dollars ARE UNCONSTITUTIONAL

    No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
    NO STATE HAS THE RIGHT TO DEMAND YOU PAYOFF DEBTS IN US DOLLARS, IN USA.

    NO ITS NOT DEBT EVASION, YOU MUST DEMAND A SUSPENSION OF DEBT TILL MINT BEGINS MINTING NEW US SILVER AND NEW US GOLD MINTED COINS AND THERE IS A STABLE PRICE AND VALUE FAIRNESS ON ALL US MINTED COIN as of 2022 on.

    YOUR NOT GUILTY OF ANY DEBT THE FED & YOUR BOSS ONLY PAY YOUR INCOME IN DEBT DOLLARS.
    THE FED AND YOUR EMPLOYER ARE INDEBTED.

    ALL DOLLARS ARE PUBLIC DEBT Created by fed IN MISTAKE or STUPIDITY in 1933 when they revoked the GOLD STANDARD CURRENCY leaving behind the DEBT bank note IOU promissory "dollar bill" notes, So it triggered 1867 14TH AMENDMENT PUBLIC DEBT LAW. "14th Amendment Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."

    NONE OF USA CAN QUESTION THAT THE US DOLLAR IS PURE DEBT. It was US gold debt because the gold standard of 1867 but gold was revoked SO its PURE PUBLIC DEBT.

  12. Avataaar/Circle Created with python_avatars The Foolish Hiker says:

    When I think I’m not earning enough on my super conservative strategy and start watching too many options trading strategy YouTube videos I go read these horrific stories to scare myself back to reality

  13. Avataaar/Circle Created with python_avatars Toofastto Sleep says:

    Tom did you just say cumpounded?

    Poor guy though, im hoping i will learn from his mistakes and he‘ll be able to come back from this

  14. Avataaar/Circle Created with python_avatars Hola! Donald DWAC says:

    he needs to buy the dip! next!

  15. Avataaar/Circle Created with python_avatars Weed Journals says:

    He should mortgage his house and take out a second mortgage and open up larger margin calls. Go big or go jump off a skyscraper.

  16. Avataaar/Circle Created with python_avatars mooncake623 says:

    He should sell calls get some premium on his shares to pay for those margin calls should they come

  17. Avataaar/Circle Created with python_avatars Anthony Jeremy says:

    There is more more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future, it's not me being bearish for the sake of being bearish, it's looking at the overall picture and there is really nothing overly positive going on right now.

  18. Avataaar/Circle Created with python_avatars Mathew Viner says:

    This guy jumped out of a plane with no parachute and hes trying to brainstorm ways to get back on to the plane

  19. Avataaar/Circle Created with python_avatars John Ashmore says:

    He lost $1000 at the casino and to get out of this situation he wants to gamble $2000?

  20. Avataaar/Circle Created with python_avatars Idan Shimon says:

    Take the money and run

  21. Avataaar/Circle Created with python_avatars Investory says:

    do you ever sleep ?! 🙃 and yes I agree.. never.. never ever use margin !
    in did a sad case 😵‍💫

  22. Avataaar/Circle Created with python_avatars Car d P says:

    The tides are shifting in the markets and it’s uncovering a lot of pantless investors. Just a few months ago, everyone was a Warren Buffett. Lesson is to not let it get to your head. You may be smart but you should never yolo into the market like this without preparing to lose it all. Great content as always Tom, send my regards aka vodka to your dear grandad.

  23. Avataaar/Circle Created with python_avatars Minnesnowda says:

    Be better to hedge the opposite side of the margin trade when possible

  24. Avataaar/Circle Created with python_avatars Armando Martinez says:

    selling covered calls might help. I've been selling covered calls against PLTR that are extremely out of the money. Usually with a delta of 10% or less.

  25. Avataaar/Circle Created with python_avatars John Ashmore says:

    Buying on margin is against smart investing rules! I bet he talks about fight club also!

  26. Avataaar/Circle Created with python_avatars Steady Mobbin says:

    Steady Mobbin

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