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BOOM! 60% Loss in One Day
By Life is a journey  •  June 15, 2021
Photo by David Monje on Unsplash Dear Readers, Thank you for coming here! I guess the more serious post about investing has to wait again. I would like to share with you in this post about one of my speculations that resulted in 60% in one day. WPG I thought this one is worth a shot, given its current pricing and trends. I know they are debt heavy, but it seems that they can hold. So I entered last Friday. And it decided to file for bankruptcy under Chapter 11. It was my first time encountering this situation and I was quite nervous about losing all my investment. So I went on to read about Chapter 11. It seemed not that bad: it is restructuring with some protection period for the company from the debt collectors. And I found out that GM was once in this...
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By Life is a journey
A white-collar and a father of 2, who would like to share his journey to Financial Freedom for both his own record keeping and hopefully inspiration for others on the same journey.
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