Wolf of Wall Street Belfort Is Aiming for $100 Million Pay - News and Current Events | futures io social day trading
futures io futures trading


Wolf of Wall Street Belfort Is Aiming for $100 Million Pay
Updated: Views / Replies:234 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Wolf of Wall Street Belfort Is Aiming for $100 Million Pay

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Wolf of Wall Street Belfort Is Aiming for $100 Million Pay

Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more this year than he made at his peak as a stockbroker, allowing him to repay the victims of his fraud.

“I’ll make this year more than I ever made in my best year as a broker,” Belfort told a conference in Dubai today. “My goal is to make north of $100 million so I am paying back everyone this year.”

Belfort, a motivational speaker, will use his earnings from a 45-city speaking tour in the U.S. to repay about $50 million to investors. That was his share of the fine, he said.

U.S. stockbrokerBelfort spent 22 months in jail for money laundering and securities fraud in the 1990s after his Long Island-based Stratton Oakmont Inc. defrauded investors out of more than $200 million. That story was retold last year in a blockbuster film starring Leonardo DiCaprio.

“After six months of putting all the profit from the U.S. tour into an escrow account, it will go directly back to investors,” Belfort said. “Once everyone is paid back, believe me I will feel a lot better.”
Motivational Speaker

The Securities and Exchange Commission shut down his firm in 1998, and in 2003 Belfort was convicted and sentenced to four years in jail. The government said a $110.4 million victim-compensation fund must receive half his income.

“I got greedy,” Belfort said today. “Greed is not good. Ambition is good, passion is good. Passion prospers. My goal is to give more than I get, that’s a sustainable form of success.”

Belfort admits he fleeced investors, cheated on spouses, and was once so addicted to drugs that he kicked his second wife down the stairs in front of his daughter. Even after the fines, he maintains most of his trading activities were legal.

“Ninety-five percent of the business was legitimate,” he said. “It was all brokerage firm issues. It was all legitimate, nothing to do with liquidating stocks.”

In Dubai, where Belfort spoke today, the $100 million film that earned DiCaprio a Golden Globe award, was cut by a quarter for multiple scenes depicting drug use and sex. The f-word is used 569 times in the original version, more than any feature film ever made, according to the Internet Movie Database website.

Wolf of Wall Street Belfort Is Aiming for $100 Million Pay - Bloomberg

Reply With Quote

Reply



futures io > > > > Wolf of Wall Street Belfort Is Aiming for $100 Million Pay

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The Wolf of Wall Street movie shodson Traders Hideout 21 June 16th, 2014 12:02 AM
The Wolf Hunters of Wall Street aventeren News and Current Events 0 April 1st, 2014 12:08 PM
Over 100 million US residents on welfare kbit News and Current Events 0 August 9th, 2012 03:23 PM
Wall Street Slashing Pay—Even for Best Performers kbit News and Current Events 1 July 11th, 2011 10:39 PM
Street Insiders Want Out, Selling $100 Million in Stock Quick Summary News and Current Events 0 August 31st, 2010 06:50 PM


All times are GMT -4. The time now is 09:55 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.06 seconds with 19 queries on phoenix via your IP 54.221.93.187