“FTX investors fear their money is lost as crypto company collapses”
November 11, 2022
“Since 1990, the Ontario Teachers Pension Plan has managed hundreds of billions of dollars in assets for nearly 200,000 education workers, holding stakes in traditional investments from airports to shopping centers.
The Canadian pension fund is just one of many entities affected by the unraveling of FTX and Sam Bankman-Fried, its onetime highflying chief executive, who in just a few chaotic days has seen his fortunes dramatically turn. On Friday, FTX announced that it would file for bankruptcy and that Bankman-Fried is resigning as its CEO. Celebrity endorsers, venture-capital firms and everyday investors are all facing uncertainty in the aftermath…”
https://www.msn.com/en-us/money/companies/ftx-investors-fear-their-money-is-lost-as-crypto-company-collapses/ar-AA13ZQOk
Listen, do not put your money into a pension. It will not be there when you retire if you’re a young person. You will lose everything. Don’t do it. If you want stocks buy them directly. Pensions, 401k, all this government garbage will not last.