Bitcoin Clown World #373 - I Lose $35,000 Live MRRL While Steve Mnuchin Warms Up To Bitcoin
Channel: Junson Chan Stocks Crypto Bitcoin Defi Yield Farm
Date: 17/03/2020

Well UBS banker scammers decided to mandatory redeem MRRL, so now I had to sell at a major loss. After dividends I think it comes out to around $35,000 total loss. The crappy capital gains loss rule is limited to $3,000 a year still I think but I'll check later. Now I have to buy real stocks going forward. Bummer.

But yes we all get what we deserve and I'm not different. Because I wanted that high cash flow, I get tricked by Satan into buying MRRL. Next time, I buy a real stock. At least when crypto skyrockets this $35,000 won't mean anything but would have been nice to have $35k in assets.

At any rate crypto markets are stable while equity markets are flatlining as people reassess what to do but this is far from stable. We'll have to see later this week.

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