CNBC’s Eunice Yoon reports how a Chinese investor lost all of his savings to Chinese markets.
Chinese Farmer Loses Money And Hope To Stock Market
From a few weeks ago:
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More
“It’s a lot easier to make money from stocks than farm work,” he told CNBC’s Eunice Yoon. “But it’s risky, you can earn $1,600 in ten minutes, and lose it all in the next.”