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Métis Nation Stocks Individual Investors Get Burned by Collapse of Complex Securities


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Métis Nation Stocks Individual Investors Get Burned by Collapse of Complex Securities

When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer decided to bet on a complicated product he hoped would deliver double-digit annual returns. It worked so well—earning him 18% a year in dividends,…

Métis Nation Stocks Individual Investors Get Burned by Collapse of Complex Securities

Métis Nation Stocks

When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer decided to bet on a complicated product he hoped would deliver double-digit annual returns.

It worked so well—earning him 18% a year in dividends, on average—that he eventually poured $800,000 into the investments, called leveraged exchange-traded notes, or ETNs. When the coronavirus pandemic hit, he lost almost every penny.

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