Derivatives: Schwab Says Get ‘Em While They’re Hot!

Get a load of this guy! He’s Schwab’s expert on derivatives.

 Chuck Lieks Derivatives

This ad popped up online today. Love how Schwab has their customers’ best interests at heart!

“Derivatives Reduce Risk?” That’s certainly how they were foisted on investors. But YOU remember what Warren Buffet said. Right? Right!!??

Financial Weapons of Mass DestructionFinancial Weapons of Mass DestructionFinancial Weapons of Mass Destruction
…and don’ you ferget it!

◊◊◊◊ As of today: Gold @ $906.00, Silver @ $17.26 ◊◊◊◊

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One Response

  1. The Schwab guy isn’t lying and the media is really spinning the whole subject poorly. He’s talking about equity options, which are derivative financial instruments that individual investors can use to reduce risk in their stock and etf portfolios.

    Anyone who invests money in their IRA or brokerage account, in the regular stock market, who’s willing to do a little reading about “options” can use options in this way. You can reduce and even completely eliminate the risk of loss for individual position using options.

    I’ve been using options in my trades for the last couple years and I’ve started to do a set of posts on my blog explaining what I’ve done so people can get another aspect of the derivatives market – one that isn’t intended to disgust or scare people.

    Unlike the guy from Schwab, I’m not making any money from people paying me for the advice, but I do think they have their customers’ best interests at heart.

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