Archive for April 2015
Recently I have a new client. As part of the onboarding process, I examined her old portfolio and found something I don’t recognize:
| Cusip | Symbol | Description | Return |
| 25190A104 | N/A | Deutsche Bk AG London BRH Ret Opt Secs Lkd Ishare MSCI Mexico Capped | -21.15% |
| 25190A203 | N/A | Deutsche Bk AG London BRH Ret Opt Secs Lkd Ishare Euro STOXX 50 Idx | -26.60% |
| 90273L815 | N/A | USB AG London BRH Notes Five 15 | -22.30% |
What they have in common is they don’t have a symbol, meaning they are not publicly traded securities, they have weird descriptions and they all lost a lot of money.
The Investment Scientist 