Today, I found out my broker invested my $6000 in the wrong stock. How did I find out? He called me to let me know the stock crashed. FML
Collection
Fall
Dead leaves, the first cold of the season and an umbrella flipped inside out: fall, the season of grace.
Today, I learned that my dad invested my entire college fund into some shady internet stock, despite my dire warnings about being careful. He told me not to worry as he'd done some research, and he guaranteed everything would be fine. Two hours later that same stock dropped almost 75%. FML
Today, my portfolio manager called me and said he had invested all of my retirement in Circuit City. FML
Today, my husband had to admit that he lost 5000$ on a cryptocurrency scam that some asshole Twitch streamer convinced him to invest in via Twitter. FML
Today, I got fired from my position as a financial investor for giving a client the exact investment he asked for, even though the investment was out of my mandate, and I had gone to my direct manager to authorize the investment. My manager was promoted. FML
Today, I tried to sell 2,000 options contracts, but I bought them instead, resulting in a big loss. FML
Today, my boss told me that I was getting a promotion. I was so excited to tell my family and friends the good news, but when I got home and checked my bank account, I realized that I had accidentally transferred all of my savings to my ex's account. FML
Today, I frantically told my parents that my bank account had no money. Turns out, they took the $1,600 I had saved up from a summer job and invested it in penny-stocks. I was grounded because they were "doing it for the family," and I'm being selfish. They also had lost it all in a matter of days. FML
Today, I found out that the $200 a week I was paying my dad for my car insurance and payment, wasn't actually paying my insurance and car payment. How did I find out he wasn't paying? Repo man took my car. FML
Today, my brother finally paid me the $60 he owed me. I later found out that he'd stolen those $60 from my wallet. FML
Today, I found out that after three years of telling my boss our strategy wasn't going to work, that I was right - it didn't work. I also found out that because it didn't work, I lost my job. My boss still has his. FML
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Top comments
hitmanoo 16
if he's a licenced broker you can easily recoup your $. sue.
ProfessorNinja 0
You shouldn't need to sue. As your broker, he has a fiduciary responsibility to act in your best interest, which includes investing only in what you tell him to. As such, he's more than likely to carry Errors and Omissions insurance of some sort. Assuming you can demonstrate the error was his, you should neither need to sue nor threaten to sue. Ask him to submit an E&O claim. At six grand, it should barely dent his premiums. He won't even bat an eye.
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Comments (60)
cartermc17 0
sue his ass
kemar7856 0
sue
bulll_crap 0
that y want to kill them!!!! jk
onnielief 4
You still trust brokers? So I guess you have learnt your lesson now. If you do proper research you can make the investments yourself YDI for being to lazy to read up on stock investing!
jtag017 0
sue the **** outta that dumbass
KASHMIR_fml 0
if by wrong u mean u told him to put money in a certain stock and he put it else where then u can sue. if by wrong u mean u signed a contract allowing him to invest ur money where he will try to make u more mony and it didn't work out, then u can't sue. gosh these idiots trying to sound smart on here. u can't always sue.
I_am_stupid_also 6
Put your money into a diversified mutual fund or etf. The amount of time it would take to actually choose individual stocks wisely would be worth far more that the small amount of management fees on a $6000 account.
lickmyjock 0
bummer
qwertyt 0
**** you
CLICKHEREx 0
If your stockbroker didn't inform you AT THE TIME about where your money was invested, the probability that you were ripped off is very high. For an explanation, email me at [email protected] You could sue on a "no win; no fee" basis, if you can find a suitable lawyer. Next time, YOU DECIDE on a basket of stock; 80% blue chip; 20% high risk/high profit, with a different broker!