Bill Tatro joined us to talk about common investment fallacies. A major one is that if you’re behind on your investment goals you should try to catch up by placing bets in safe exotic derivatives. Bill recounts the story of a fellow party-goer who just lost his shirt shorting the VIX. The Volatility Index is much like NATGAS futures, it’s a widow maker. Which confirms that old Wall Street saw, “Bulls make money, bears make money, pigs get slaughtered.”
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