Yu-De Chang
Posted Mar 2, 2011 by anonymous | 276 views | 1 comments
Yu-Dee Chang of the McLean, Virginia investment company Chesapeake Investment Inc. has promoted himself to be a brilliant investment advisor. However, my opinion is that he is 80% showman and 20% investment manager. He managed approximately $600,000 of my money for six years and returned aboout $390,000 after six years of heart breaking experiments in selling and buying options on market indexes and commodities. He has great charm and sales ability will convince you (and his staff) that he can really help you beat the market, that he knows what he is doing, but it is all voodoo. He does not really know what he is doing, except bleeding you for commissions. He imprudently experiemented with my money, promoted wild and dangerous practices, that wmade him money, every day. If you trade with Yu-Dee, you take the risk of losing some, most or all of your money very quickly or over time.
Commented Aug 26, 2014 by anonymous
Yeah. I had an account with them for 2 yrs and I was very luck to break even. I realized it was a churn but I gave them some time and finally got out with no loss. It took forever to get my money back. I noticed there were multiple levels of middleman skimming each transaction. Chesapeake must get a rebate from each middleman and there were lots and lots of transactions. I would have done much better if they only traded when conditions were favorable, but they make money trading. I love bananas, but if the bananas don;t look good I keep my money in my pocket but ACE/Chesapeake ALWAYS bought the bananas no matter what. Now I see they have been sanctioned by thier trade group association for some misbehaviour so it will be interesting to see what happens next. I cant imagine how they stayed afloat this long except as you say they are great salespeople.