BIO: Reuben Mattinson graduated with a degree in physiotherapy in 2012. He followed this up in 2013 with a degree in Science teaching. During this time, Reuben began building his first company, RJM Tax Exemption.
STORY: Reuben got attracted to a company doing forex crypto trading and invested hundreds of thousands of dollars even though he had no solid proof that the trading was happening and that it was regulated.
LEARNING: Have solid proof that trading is happening. Ensure that your money is being held in a regulated brokerage or platform. Ensure the trader is using proven risk management strategies.
“We all need accountability in the investment space because wherever the money is, there’s obviously a lot of dodgy dealings and a lot of human emotion involved.”
Reuben Mattinson
Guest profile
Reuben Mattinson graduated with a degree in physiotherapy in 2012. He followed this up in 2013 with a degree in Science teaching. During this time, Reuben began building his first company, RJM Tax Exemption. In under 3 years, Reuben successfully developed his vision from its infancy into a highly successful, multi-million dollar global e-commerce consultancy firm by the age of 30.
Possessing a longtime fascination with wealth creation, Reuben has a keen interest in the world of trading and investing, particularly the forex market. He’s spent the last 10 years developing what has now become Puli Trading, a forex software company that clients can tap into.
Worst investment ever
Three years ago, Reuben came across this opportunity, making investors a lot of money. It was a mix of forex crypto trading. Reuben would typically not invest in this type of stuff, but his friends were hyping it. They hooked him up with the CEO and the owners to speak to them directly, and he became a little friendly with them. Reuben thought these must be pretty decent people because they were open, had put their identity out there, and their lives were on the line. They showed Reuben some screen recordings and little clips here and there of the trading that was going on.
Against Reuben’s better judgment, which is the two core principles of what he’s always stood on and still stands for, having solid proof that the trading is happening and that it’s regulated, he invested in the trade. Reuben didn’t have this proof. He just saw the dollar signs and invested hundreds of thousands of dollars.
Reuben also introduced other people to the trade. Then, one day, the company stopped functioning overnight. The owners couldn’t be contacted, no profit was coming in, and investors’ money was trapped and held. It was an absolute disaster.
Reuben’s biggest regret was not the money he lost in the trade but not following his core principles as an investor and trader. He regrets letting the bright lights draw him in and attract him, like the proverbial fly, into the bright electric trap.
Lessons learned
- Have solid proof that trading is happening, and it’s not being faked.
- Ensure that your money is being held in a regulated brokerage or platform.
- Make sure the trader is using proven risk management strategies.
Andrew’s takeaways
- Trade with a regulated entity.
Actionable advice
Before you trade with anyone, ask them the hard questions. If they can’t answer them, you should ask yourself why.
Reuben’s recommendations
Reuben recommends looking at the most disciplined and consistent people to see what’s made them the people they are today and what they’ve done because it’s the hard things we do and the hard decisions we make that make us the people we are. Don’t go for the flashy, super-appealing individuals flashing up on YouTube bragging about the money and the successful things they’ve done in short periods.
Instead, look at the long-lasting, disciplined people of the investment world and take a page out of their book. Reuben highly recommends Warren Buffett’s story and unofficial autobiography because they teach consistency and discipline.
No.1 goal for the next 12 months
Reuben’s number one goal for the next 12 months is to reach 1000s, if not 10,000s, of people and show them that there are people who can do it with integrity and redeem their hope in the forex space.
Parting words
“Just get these three pillars in place: regulation, transparency, and proof. Don’t be scared of a bit of risk every now and again. You need to risk to gain at the end of the day.”
Reuben Mattinson
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