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Podcast: My Worst Investment Ever Podcast
Episode: Brian Feroldi – Be Careful When Trading Options
Description: BIO: Brian Feroldi is a financial educator, YouTuber, and author. His career mission statement is “to demystify finance.”STORY: Brian invested in an oil pipeline company with take-or-pay contracts. This meant that the company would get paid either way if the price of oil or natural gas went up or down. Prices went down and despite the contract, the pipeline’s stock went down because its customers couldn’t afford to pay. Brian lost 70% of his entire portfolio.LEARNING: Don’t use options as an investment strategy. Never let one company become your largest position. Be careful...