Recent content by Radko

Peter, you either do something about it or you try to put it behind you, fight or forget about it, staying in between is what kills you. Talk to your lawyer and see if there's a case against OCIF/IRS given everything that you know now. You have nothing else to lose at this point.

I would make sure to carry on using a US Broker so you keep SIPC protection.

Back in 2000 I was shorting a lot of Tech stocks, it was too obvious that it was a bubble, there were so many Tech companies with absurd valuations, it was crazy. It's "easy" to make money on a bull market and on a bear market, the challenge comes when the market is trading sideways. I no...

My average return is 10%~30% over the course of a year (I've had a couple of years with a 50%~60% return, but that was just the luck of the Irish). My winning rate goes from 40% to 60% (you can still be profitable with a 30%~40% winning rate). My maximum drawdown has been 10%, but generally is...

Unfortunately that's so true. A lot of people get into trading thinking they will get rich very quickly, and that's how they blow up. Trading is a marathon, not a sprint race, risk management is everything (I never risk more than 1%~2% of my capital. If a trade is losing I get out, no ifs or...

My point is, buy&hold investing can be a great strategy for a young person, but it's not easy to follow. If you bought the S&P500 at the end of 1999, you've had to wait until approximately 2014 to break even. How many people have the stomach to wait for 14 years? Not easy sticking to it. I...

If you bought the S&P500 in 1929, you've had to wait until 1985 to break even, 56 years! So be mindful of that given the insanity of the markets these days.

The Nikkei picked in 1989, it took more than 30 years to recover.

Over the long term, research shows that REITs have outperformed stocks. Since 1994, three REIT subgroups stood out for their ability to beat the S&P 500 Self-storage REITs have delivered a 17.3% average annual total return since 1994. That has obliterated the S&P 500's 10.1% average annual total...

Freedom isn't free

Freedom isn't free

But you agreed to that under the promise that customers would get the money back within 3 months, or something like that. And also based on what you new back them, there's been a few developments since. I just think it would be easier, meaning having a better chance against both, the...

I understand the involvement of the IRS, but ultimately the Commissioner made the decision herself to close the bank. She could have easily said to the IRS representative that there was no legal basis to close the bank. She could have said to the IRS agent "I can't close the bank because I told...

Yes, I can see the possibility of lawsuit against OCIF based on that information. I don't know if anyone has ever filed a successful lawsuit against OCIF in the past, but at this point you have literally nothing to lose.

I doubt the Receiver will do anything that could hurt the OCIF. What has changed during these two years that you now have the evidence to prove that the whole thing was illegal? You already know what the Commissioner will say if the case goes to trial. She will say that "the bank was...