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Pastimes : The Perils and Pitfalls of Investing With "Friends" -- Ignore unavailable to you. Want to Upgrade?


To: Bill Ulrich who wrote (1)10/25/2004 10:19:18 PM
From: Bill Ulrich  Read Replies (1) | Respond to of 377
 
So, I let it ride for long while. Not wanting to be pushy. Try to be the nice guy. So 3 years later, I inquire again, figuring 3 years on 30 days was generously nice. Reply:

"The guy I was in business with on the trading strategy lost all his money AND all the money I was "supposed to get" 14 months ago. Turns out he was running a Ponzi scheme and a Federal Grand Jury was called on him. I was a star witness, and was cleared of any wrongdoing since I did not have the authority to move money in and out of the account I was trading...

I will put my debt to you as a first priority, and any additional money I might pull in from now on will go to you. I am living a very, very spartan life right now and have been for four years.

All that is going to change when Market Spirit is completed, hopefully before Christmas."

Three guesses on the outcome, anybody? I like the self-important Grand Jury thingie. Sounds like another famous SI poster. Are all of SI's famous posters on the same Grand Jury, I wonder?



To: Bill Ulrich who wrote (1)1/28/2005 12:39:51 AM
From: Mark Johnson  Read Replies (2) | Respond to of 377
 
Bill,

Sorry you lost money. Back in 2000 when I wrote a letter for SI TLC would stalk me and say that the returns my newsletter generated was smoke and mirrors.

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He was rude and cocky about it.

He basicly told me that I should get my own web site and move away from SI to make money.

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Now, an SI member complains that TLC took their money from them. It's not funny he took your money but right now I am laughing so hard I am crying.

TLC told me he could teach me how to trade and knew
"a lot of people in the industry".

Then, my column, which consisted of links to other financial articles on the internet was replaced by his column which consisted of make believe animals from outer space.

Again, I am sorry you lost money but I think I am in my glory right now..... or at least for the next several minutes.

Best to all and TLC!!!

Mark