Dent Research Adam O'dell What was supposed to be a way to increase investment 10X turned into a 95% loss of funds. Baltimore Maryland

  I had a windfall profit on a house I sold so I decided to be very aggressive with 10% of the funds which was $15,000 dollars. I had been getting Harry Dent's Boom or Bust newsletter but just read it and never had invested anything in anything he recommended.
Then they had one of these long video about how Adam O'dell (A former med school student) was doing a Beta test of a "Risk On, Risk Off" system that involved buying either XIV which was a "Risk On" ( to simplify Market is positive or going up) derivative or VXX which was the risk off derrivative (Market is negative or going down). Adam was going to notify you based on his model which he had been beta testing for two years, which derivative to buy.
The prospectus that I got about a week after XIV went under was 200 pages long and had very complicated formulas in it and I could never have understood them. I expected a lot of volatility but I never expected what happened in early February of 2018. As Adam O'dell notified his users: "Last night, in after-hours trading, shares of XIV plummeted more than 80% – falling from $99 to as low as $10.10 in a few short hours, out of the reach of most investors. Then, Credit Suisse, the bank behind the security, announced Tuesday that February 20 will be the last day of trading before liquidation. About a month later I got about $800 out of what was $15,000 of US: XIV.
So right now Dent Research and Adam O'dell are out there doing the same thing except they use the ETF QLD for risk on vehicle. I wish he had used that previously although I don't think it will ever provide the returns they are claiming they are going to return. The claim is that your return will be 10 times what you invest in 5 years. Adam admits that greed and fear drive investors and they are encouraging greed as they are still claiming that you will make huge gains if you use their system.
I just want people to know that if they invest in this and pay them the $1000 bucks or so it cost me to join this particular information service (the 10X system) that the VXX could go to absolutely NOTHING just like the XIV went to zero. The prospectus says it could go to zero.
Adam Odell is not an evil person. He is very philosophical and provides good overall advice about investing. He was just in over his head and his model didn't protect god knows how many investors a large portion of their retirement savings. And now they are out there doing the same thing which could lead to your financial disaster.
If you Google xiv you will pull up an article on "Market Watch" which tells of a Reddit's "Trade XIV Group" and a nick Lilkanna who was advising a lot of people who lost a lot of money on the US: XIV debacle. Lilkanna himself lost over 3 million dollars.