So here's some of the dialogue since Friday. Shadow Pete is trying to get me to sign up for the platform. I said I tried signing up but it didn't work. He suggested I try a different browser. This is the conversation after the first "failed" attempt.
FRIDAY
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Kork:
"I will in a bit. Just in a meeting right now.
My kids will be starting school in a bit. It's so expensive to go to school in Canada. Maybe I should take the money I've saved for them and put some in this. I'll need to think about that but if it's working for you, why shouldn't I take advantage of the opportunity! I know you don't have kids, but man, they're the most important people in the world. As soon as you have kids, your own life takes a back seat and you just want to protect them and prepare them for the world we're in. They say "success is when preparedness meets opportunity" and I'm hoping to prepare them for anything that comes their way."
Shadow Pete:
"Your kid’s savings? Nah. Don’t do that. Take the money from somewhere else"
"Who told you I don’t have kids? I have kids. This whole MMM thing started with my son"
Kork:
"Oh, I didn't think you had kids?"
Shadow Pete:
"I do."
Kork:
"Oh yeah! I see a post about it now. And it looks like you're divorced too, sorry about that. The 40's are a tough time! That's the tricky part. I read about you years ago but not so much recently since I'm FIRE. So some of the details escape me, lol. I'm not a stalker, I swear!"
Shadow Pete:
"It’s fine. 4 years already"
Kork:
"So why wouldn't you use swing trading for Kids education? It's going to cost almost $35k/year and there's no way they can afford that. I have a little money set aside for them from their grandparents passing away, but it's not nearly enough. I need to find ways to grow it.
I'm well off, but given the state of the world, I don't know how much longer we'll be well off."
Shadow Pete:
"I understand. I thought you had the kids education sorted already. It’s a good plan. You can adopt swing trading to make up for it. It’s profitable, I assure you"
Kork
"Nope, kids education is partly sorted, but after researching it in more depth, it's a real pain point for us right now. Western is $37k a year for tuition and a dorm room. My kids are going to come out straddled with debt and for what, to earn dollars flipping burgers? Canada sortof sucks right now. We have a miserable federal government (as you would know). Even Alberta is trying to get rid of CPP and have their own provincial pension.
I just want my kids to have opportunity. You would know the feeling. We do everything we can for them... I'm just cautious that anything other than blue chips stocks and ETF's will tank and then my kids won't be able to go to school. My one daughter works every night right now saving. She's 14 and terrified at the costs of post secondary. I keep telling her it'll be fine but she's a worrier. Well, not every night, but 2-3 nights a week. The rest is spent studying. And hanging out with friends, etc. It's not a miserable life by any stretch. But she's anxious and she does this to try to feel like she's in control. If I can tell her "Hey sweetie, dad knows someone who's really good with money and can grow it for school" then I'm sure she'd trust me and it would take the worry out of her heart."
Shadow Pete:
"Strategies that reduce risk to a minimal level are used to ensure your profits always exceed your losses plus they have annuity over your capital so your investment is safe. There’s nothing to worry about. Swing trading is simply trading to capture short to medium term gains in a stock or any financial instrument over a period of weeks. The opportunity I’m presenting, real human professionals make the investments not BOTS or AI. Your investment is managed with copy-trading. Whatever action the professionals take on their investment accounts, it’s automatically executed on yours"
Kork:
"I see, so it copies what Warren Buffet, for example, would do?"
Shadow Pete:
"Not warren buffet lol but yeah experienced and professional swing traders"
Kork:
"thanks for the advice. I think I'll start smaller with some of my kids education money and see how it goes. But if the first month is good, there's a lot more that I can put in for them. Anything for your kids right?"
Shadow Pete:
"Anything for them, sure."
Kork:
"I'll sign up it in a couple hours. In meetings right now and need to do it on my desktop. Thanks Pete. It's much appreciated. 🙏"
Shadow Pete:
"I’m glad I can help👍"
SUNDAY
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Shadow Pete:
"Hey there."
Kork:
"Hey Pete, haven't been able to set up the account yet. Busy weekend with family. Will take another look tomorrow. I really want to get things moving along since the end of the year usually has the best market gains around Christmas! The last 2 weeks has been excellent overall and I want to get in some more!"
Shadow Pete
"Awesome! We can talk tomorrow. Enjoy the rest of your weekend with your family."
--
And that's where we're at... I'm not sure how I want to continue. Do I keep it moving along? do I ghost? Do I call him out? As I said above, part of me wants to help him reconsider why he's doing what he's doing...
