Purchase: Motors Liquidation GUC Trust (MTLQU)
This was a mistake. Total newbie mistake. If you are a small investor and/or located outside USA, you have to be really careful with commissions and order fills. The investment is also not very straightforward with all sorts of possible outcomes. The investment is Motors Liquidation GUC Trust units (PinkSheets: MTLQU). This is a tricky investment and I was going to write it up more but because the investment didn't work out--I'll probably break-even or incur a loss for unfortunate reasons--so I'm not going to write much (I don't really have much of a position and don't intend to increase it). You have to do your homework. Motors Liquidation GUC Trust handles the payments to creditors and other claimants related to the bankruptcy of General Motors (GM). As some of you may know, this is one of the largest bankruptcies in American history ( you can read my old opinion on it here ) and there were lots of controversies. The company went bankrupt in 2009 but the bankr...