/biz/ - Business & Finance

>>52303132
>how were they duped so bad?
they are teachers.
they are literally idiots who repeat coursework approved by county/city officials, who again, are idiots.
they basically are socialist babysitters.

>>52303132
FTX done ser

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We're launching in two weeks, so you still have time to learn more about the project.

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>>52303132
they also lost half a billy on LUNA

Good thing they're striking, I'd hate to see the taxpayers not get gouged.

>>52303132
Lol, they probably should've invested in something stable and productive, like Vertex pharmaceuticals, which many hedge funds and retirement funds use as a safe haven.

>>52303132
>Softbank
Do they ever not get wiped out?
I feel like if you heard that they are joining in, you gotta leave as fast as possible asthat ship is going down hard.

>Teachers
Somebody teach them basic risk management

>temasek
knn why are my politicians so fucking bad at investing? fuck la

>>52303132
lmao teachers BTFO fuck em'

t. Canadian

and they said salvador president is dumb

>>52303132
Fun fact the Ontario Teachers Pension also lost like 50m on GME when it was going parabolic by buying in at 275 a share.

The Canadian military and public service pension has done nothing but buy index funds for the last 40 years and is doing okay all things considered.

I'm convinced the asset managers at the OTP is full of wallstreetsbets degenerates

>>52303132
https://www.otpp.com/en-ca/about-us/our-leadership/

>>52303525
>ex-DB in charge of not getting rugged
kek

>>52303248
those who can do, those who cannot teach

>>52303132
>"We invested $200-400mil to learn about crypto space being a worthy investment" says the OTP
The brilliant minds that Teachers can trust

Fuk the OTP those niggers have a stake in everything, and in the company that wanted everyone to vaxmax.

Hope they lose it all, the Leafs go bankrupt and all those faggy teachers never teach again.

>>52303571
"Teachers chief executive Jo Taylor told Reuters in mid-September that the FTX investment was, “In terms of the risk profile, probably the lowest risk profile you can have in that it’s everybody else is trading on your platform.”

>>52303548
That's a man

>>52303132
Never trust a Bankman, Silverman, Goldman, Silverstein, Goldstein, Goldberg, Bergman, etc.

>>52303548
>risk taking
>woman
Doomed from the start

>>52303580
pic related

>>52303208
Fpbp

>>52303228
Teachers chief executive Jo Taylor told Reuters in mid-September that the FTX investment was, “In terms of the risk profile, probably the lowest risk profile you can have in that it’s everybody else is trading on your platform.”

>>52303208
They weren't the teachers, they're accountants and business people.
No teacher's smart enough to understand investing

>>52303132
sinkies btfo

>>52303132
>Softbank's Vision Fund (of course)
lmao, everybody making fun of Son now

>>52303132
>$400 million at $32 billion valuation

understanding math. They owned 1.25% of the company when it was worth something like 50M so their capital was like $625k

Jesus you guys are retarded, use a calculator

>>52303132
Because the jews have gambled and stolen it all.

>>52303669
Kek women in finance are so gullible

>>52303348
they bought biontech, so that was smart

>>52303132
LAMO

>>52303525
>>52303548
>>52303560
funny how many words they use instead of simply giving their total ROI on assets they managed in their career

>>52303791
>400 million of 50 million
Keyed retard.

>>52303791

retard, they invested in October 2021, when FTTUSD was at all time high

>>52303599
Iceberg...>_>

>>52303471
the CAF pension is NOT doing 'ok' 'all things considered'
T. forced to release early

My worst investment was the one I had no control over -80% this year

>>52303132
Jews are god tier
Give them your money NOW

I don't understand how all these corporations and funds and whatever the fuck can fall for shit like this or LUNA yet a bunch of fucking losers in some weird website (some, anyways) could see this coming as clear as day.
What causes this phenomenon? Is being a schizo some form of evolution?

>>52304757
The internet losers hate Jews.

>>52303208
HOW FUCKING DUMB IS THIS PERSON

THEY ARE TEACHERS HURR DURR

NO, THEY ARE HUGE INVESTMENT FIRMS WITH THE TOPPEST OF MEN MAKING THE INVESTMENT DECISIONS FOR THE TEACHERS

DIPSHIT

Canadians are the biggest free money clowns on the planet, just look at them thinking 2 million dollars for a suburban box is a deal when 20% of their fucking economy is just real estate fees lmao

>>52303348
Usually pollies pull out at the top and have conflicting interests. This is pretty special, investing in unregulated shit coin casino.

>>52304833
This.

>>52303248
>Somebody teach them basic risk management
I kekkeld
A lot of people would be surprised how many of them don't actually like kids. They just like being able to boss them around and get paid to have 6 months holiday a year.

>>52304084
Too far bro.... take back the hate space negativity vibes

>>52304847
Canada exists to scam the 1% of the 2nd and 3rd worlders. It's like paris syndrome for these retards

>>52303669
Awesome. I may have an investment to sell to them.

>>52304931
can't blame them tbqh but don't feel any sympathy for them either

>>52303600
>>woman
>woman
woman
wo man
whoa man
whoa itsa man

>>52303669
Women should not be allowed to handle money.

>>52303525
>>52303548
Anyone paying attention to this space would have known Alameda / FTX were dodgy. They strike me as tradfi normies who fell for the ‘safe’ cex meme

>>52304833
>NO, THEY ARE HUGE INVESTMENT FIRMS WITH THE TOPPEST OF MEN MAKING THE INVESTMENT DECISIONS FOR THE TEACHERS
And basically none of them beat the market over a sustained period when corrected for risk and portfolio factor weighting. Making their after-fee contribution negative.

>>52303132
Pension fund managers are such degens wtf.

>>52303132
kek digits and this collapses canada

>>52304833
He's right about most teacher though. They are arrogant pieces of shit. Like most people :-)

>>52304833
Again, it is about owning nothing and being happy.

>>52303132
That's not fucking true. Media will be reporting fake news about this. For me, I'm outta this chat and I'm on to play Wheel of Fortune with my family and imagine playing-and-earning from that via the Avalanche

>>52303525
>>52303548
>>52303560
>>52303570
they literally all look like typical boomer that saw how the economy boomed in the 80s and now they decide to replicate it with decade old knowledge and then run wtv it is they are doing into the ground.
these kind of people just have a face that is no possible to like at all

>>52306763
That must be a big loss, nothing to hide. Investors shouldn't be stupid enough to rely on CEXes with their life. I've already learned a lesson and I'm planning to hodl my bag of gstar in the future on a cold wallet. Just like I'm doing the same thing with with my bags of avax, atom, dot and eth.

>>52303208
Literal retard post.

>>52306870
these are the same kind of people that think the share market is going to drop and be in recession for two years like clockwork then slowly go back up

>>52303132
>softbank cucked yet again
They should make a sitcom about softbank

>>52303132
Lmao, so when is he going to prison for operating a Ponzi scheme??
Also how the fuck didn’t he take his money out? Did he believe his own bullshit?
And how HE FUCK did he get money from SoftBank and Pension Funds??

>>52303669
what a complete buffoon, if you want to invest in an crpyto exchange at least go for Coinbase which is a US publicly traded company which has to report its financials every quarter not some exchange which existed for 3 years based in the Bahamas.
These are the people in charge of billions of dollars from pension funds

>>52307335
>how HE FUCK did he get money from SoftBank
If anything FTX was one of their safer bets lmao

>>52306870
>wtv
Could not be arsed to type out the word "whatever" you zoomer fuck?

>>52307500
Softbank is infamous for having terrible DD. They will throw money at fucking anything

>>52304757
4chan calls everything scam. I mean most things are, so it's a decent philosophy to have. But as always, nothing's 100%, so you still need to do your own research. It's a fundamental building block of individualism. Think for yourself.

>>52304833
>HOW FUCKING DUMB IS THIS PERSON
this board is overrun with mixed race 16-24 year old zoomer retards and autistic 85 IQ NEETs.

>>52303132
I hope he is raped forever by a pack of niggers. Not because he lost everyone’s money but because he is jewish

>>52307460

Because greed.

>>52303132
>how were they duped so bad?
They fell for WAGMI Marketing's all time greatest shill job. Luckily I didn't and instead invested in YER, MSX, and RSW at very profitable returns.

>>52304833
>THE TOPPEST OF MEN
Kek, some investors these "toppest of men" are - putting money in jewish crypto derivatives. Get off /biz/ you useless redditor.

>>52303233
fuck off shill

>>52303132
>investing in crypto
kekw

Imagine when CZ comes in and "saves" Canada teachers. He will become King of Canada and have parties with Trudeau.

>>52308108
>everything is a scam
a slightly better heuristic:
>if it's advertised, it's very probably a scam
the good things you'll find them yourself, either researching or accidentally

>>52309501
Actual good fix. I agree.

>>52305241
Whoa man it's gone
Just like their money

>>52304139
bullshit

>>52304833
Silence, teacher.

Serves them right, they trusted a ___

>>52303669
kek

>>52303132
>Softbank's Vision Fund (of course)

kek

Inverse Softbank ETF when?

>>52303132
Imagining promising a 8% pension when normal conservative investing is unlikely to earn more than 5%. Risk is irrelevant when taxpayers will always bail them out.

>>52303471
>this is the most incredible thing ive ever heard a pension fund do
most pension funds use alternative investments with low correlation to the markets to protect principle and chuck out a little yield
the whole point of managing pension funds is to mitigate risk
>buying into FTX and GME is as speculative as it comes
whoever manages that needs to be sued and thrown in prison for total fiduciary breach

>>52304757
>I don't understand how all these corporations and funds and whatever the fuck can fall for shit like this or LUNA yet a bunch of fucking losers in some weird website (some, anyways) could see this coming as clear as day.
Pension funds basically NEED 7-10% annual returns FOREVER in order to stay solvent due to how much money has been promised to its holders. They have NO CHOICE but to invest in risky degenerate plays like crypto.

>>52303132
top fucking kek

>>52303411

>>52303791
Embarrassing post lad. Don't kys, you might fuck that up too.

>>52309226
HAHAHAHAHAHAHA while you were investing in -70% donkeydickcoins I was investing in +50% drugs that save lives. Cope and seethe faggot.

>>52303525
>>52303548
>>52303560
>>52303570
>JANSA FRIC HINDO DEACON

GUISE I JUST CRACKED THEIR WALLET

have you guys ever had a job before? there is always a pension plan salesman from one of the big retirement companies like Wells Fargo, they only have to convince the CEO or CFO. then people sign up for a plan, they give ridiculously broad “investment strategies”, and you pick one. other than checking the balance occasionally, most people stop any learning there. I’ve worked for 6 years in white collar and I’ve only met two guys that actively managed their own pension investments

>>52303208
teachers unions are generally pretty scummy, but the OTF is a pretty solid investment fund that has made a lot of money

>>52311548
for teachers replace ceo\cfo with the union boss

>>52311473
>while you were buying the bottom i was buying the top
this is your brain on legalised drugs kids, stick to what you know.

>>52303548
kek looks like a fatter Abby Shapiro

They were even buying in more at the top in September. Canadian teachers are going to have to steal their husband's mistress's dog food just to survive.

>>52303600
>WOMAN
anon thats a woman.

>>52311596
I bought vertex 2 years ago...

>>52303791
>heh FTX might be down 99% but my money was in the 1% that's OK so I'm OK.
Kek thanks for the laughs.

https://en.wikipedia.org/wiki/Ontario_Teachers%27_Pension_Plan

>The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario)[5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum.[6]

KEK

>>52311596
And how has buying all those "bottoms" been working out for you?

>>52311653
>neck has marks from where someone tried to strangle """her""" for revealing that """she""" had a dick mid-coitus

>>52303208
this
>>52306937
>>52311555
>>52303711
seething low paid retard teachers kek

>>52303600
pretty much

>>52311792
>seething low paid retard teachers kek
they're overpaid actually but at least the OTP is privately funded and they don't steal taxpayers money for it

>>52311817
>at least the OTP is privately funded and they don't steal taxpayers money for it
What do you think will happen if the fund loses too much money?

>>52303132
so much for that general strike huh?

PFFFHAHAHAHAHAHSHAHSHAHAHAGSHAHA

>>52311847
>What do you think will happen if the fund loses too much money?
it's a possibility, but they're one of the much more better funded pension plans in the world

I'm just glad it's privatized instead of relying solely on government debt and money printing.

Ideally I would like to see all education in Canada to be completely privatized and nothing to do with the government.

>>52305242
>>52305242
I don't think this is a woman btw
https://investorleadershipnetwork.org/en/member/jo-taylor/

>>52311859
The general strike was striking against the taxpayer.
Fuck these people.

>>52303247
Softbank somehow manage to pair the worst VC investments humanly possible with IQ3000 market plays that keep solvent.

>>52303525
>he is based
based on what?

where did that money go?

Kind of the plot from The Other Guys