Ep741: Reuben Mattinson – Have Solid Proof That Trading Is Happening and It’s Regulated

Andrew Stotz 00:02
Hello fellow risk takers and welcome to my worst investment ever stories of loss to keep you winning in our community. We know that to win in investing you must take risk but to win big, you've got to reduce it. Ladies and gentlemen arm on a mission to help 1 million people reduce risk in their lives. I want to thank you for joining that mission today. Fellow risk takers this is your worst podcast host Andrew Stotz from a Stotz Academy, and I'm here with featured guest, Reuben Mattinson. Reuben, are you ready to join the mission?

Reuben Mattinson 00:38
I very much, Andrew. Let's go. All right,

Andrew Stotz 00:41
let's do it. So Reuben, I'm gonna give you a little intro so people know where you're coming from. Ruben graduated with a degree in physiotherapy in 2012. He followed this up in 2013 with a degree in science teaching. It was during this time that Ruben began building his first company rjM tax exemption. in under three years, Ruben successfully developed his vision from its infancy into a highly successful multimillion dollar global e commerce consultancy firm by the age of 30. Possessing a long term fascination with wealth creation, Ruben has a keen interest in the world of trading and investing, particularly the forest forex market, he spent the past 10 years developing what he what has now become the Puli Forex software company that clients can tap into, Ruben wanted to take a moment and tell us about the unique value you are bringing to this wonderful world.

Reuben Mattinson 01:32
Yeah, I mean, I think it comes down to a lot of the time experience. And I think I've had a bit of a wide stretch of experiences, you can hear that I've dealt with people on many different levels on a health professional level on a mentorship level on a teaching level, on a managerial level on the CEO level running companies. So I have a vast experience of people, I would say people is my fascination beyond investing. So I'd like to bring a lot of kind of experience of wealth in there. But also, as you touched on it, my fascination in forex, in particular, is probably my niche that I can bring hopefully a bit of a new perspective on. And, yeah, help a few people in the area.

Andrew Stotz 02:16
Great. And maybe you can just give a brief rundown on what you're doing in that space. And then after that, we'll get into the story.

Reuben Mattinson 02:22
Of course, yeah. Well, as you heard, it's been a bit of a journey for me, the last 10 years in forex, it's not been a kind of over the night kind of success or setup for me. But what we've just launched is this fantastic company poly trading, which I'm heading up as CEO. And what we've basically done is we've worked with some incredible human beings, and developed what we think is a very diversified and long term, automated algorithm strategy to function on the forex market. And ultimately, what it does is it's trading eight different currency pairs with three different strategies. And these are three different strategies. One is a continuation strategy. One is a reversal in trend price action strategy. And another is a swing strategy with harmonic patterns at its foundation. So we've built this amazing software, we've run out through 10 years of back testing with some fantastic results, we've got a year of proven results already on my effects book, which is, you know, a gold standard of verifying those systems. And we're just excited to see what it's going to do in the future. But it's open to everybody. Within reason, there's a couple of countries that are kind of out of regulation, being the US and New Zealand, Australia, but the rest of the world can jump in to low minimum investment. And it's just, I think, a great opportunity for people to test the waters in the world of forex, and hopefully in a regulated transparent and long term opportunity.

Andrew Stotz 03:53
Exciting. And the best place for them to go is to pull the trading would that be the best place to learn more about Yeah,

Reuben Mattinson 03:59
poly poly trading, pu Li trading.com is great. We also have Why polly.com Which kind of just breaks down the basics of what we're about and our heart as a company, which is also helpful for people to

Andrew Stotz 04:13
Great. Well, now it's time to share your worst investment ever. And since no one goes into their worst investment thinking it will be. Tell us a bit about the circumstances leading up to the Intel is your story.

Reuben Mattinson 04:25
Okay, do I really have to undo? No, I'm just doing it. Yeah, I mean, I've thought about this long and hard to be honest. And I thought most people probably come on and they say their worst investment and based on the most money they've lost. I want to base it off the worst kind of decision in principle, looking back on it, and that's based off of me, just ignoring my core principles of trading, I think oh, the emotion of feeling. So we're talking three years ago, I Um, I'm not gonna name the name of the company. But I'll go into it just because I know there's still ongoing things going on with it. But I basically saw this opportunity, it was making a really good amount of money kind of, again, it was, it was in the, I would say, a mix of forex crypto trading, you know, that all that kind of thing. And I know friends who, who were getting involved in making good money, they were making maybe about 12% a month, which is obviously stupid, astonishing gains. And obviously, you're going to think it's too good to be true. But I thought, you know, I hear them out. And you know, I don't normally invest in this type of stuff. And they basically hooked me up with the CEOs and the owners to speak to them directly, and basically became a little bit kind of friendly with them kind of thought these must be pretty decent people, you know, they're open, they put their identity out there, their lives are on the line, they're not kind of hiding that. They're also showing me some kind of screen recordings and little clips here and there of, you know, the training that's kind of going on and stuff and against my better judgment, which is the two core principles of what I've always really stood on and stand for and still stand for, which is have proof, solid proof that the trading is happening, and have solid proof that it's regulated. It wasn't that it wasn't our Andrew, but I saw the dollar signs, I kind of saw these people to, you know, all the wonderful people. And I invested, I invested a substantial amount of money invested hundreds of 1000s of dollars, actually, which isn't a small amount of money. And I can't say like, again, it wasn't the most money I've lost. But I obviously introduced other people to it as well, which is where it starts to become my worst investment because I told them for people about it, I don't think they saw it in the same light as I did. And when people kind of catch on to these things, they can think hard to get rich thing, it's going to change my life. And even though I was trying to kind of break it down and be like, you know, still be sensible, I'm a very small amount of your portfolio, if you're going to invest, it spreads quite a lot, you know, to a lot of people and and ultimately, that the company didn't disappear of search, but just kind of stopped overnight functioning. In the sense that now the owners can't be contacted, there's, there's no kind of profit coming in, obviously, money is trapped and held. It's an absolute disaster. And I'm not gonna lie. And I say it again, off the fact that it's the regret that even though I can't say I ever sold anyone a dream with it, I always tried to be realistic, and it still affected people's lives in a negative way. And it's also affected me negatively. And it all came down to as I say, going back to the start of not following your core principles as an investor and as a trader, and not letting the bright lights you know, draw you in and attract you as the proverbial fly flies into the bright, you know, electric trap.

Andrew Stotz 08:07
Can you remember the day that you realize all was lost?

Reuben Mattinson 08:14
Yeah, I would say, I probably could. I think it was the day in which I went to contact the owner who I was speaking to regularly, even on the phone, even on video calls, and there was just nothing, you know, nothing pulling back. And I think it's when like a few warnings started to kind of flag up online as well, like always the securities warnings in the American Americans that they had the US clients, obviously, I'm UK based, but I was no expert in that field. And things started to kind of trickle in. And it was more of just when they couldn't answer my questions as well. Like when I went back and there was just nothing coming back. Like why is this happened? Why don't you have these regulations? And yeah, it's a sinking feeling for sure. And, and something which you need to learn from and move on from and I think that's kind of as your hopefully hear a little bit about our company, it's, it's kind of come off the back of that a little bit of you'd never want anyone to be in that position and putting someone in a position where there's no accountability, I think is highly dangerous. As humans, we all need accountability. In the investment space, we need to be held at the highest level of accountability. Because wherever the money is, there's obviously a lot of dodgy dealings and there's a lot of human emotion that comes in you know, they said the love of money is the root of all evil money isn't but the love of it, you know, the obsession with that. Just the sake of generating it for the sake of it. So accountability is such a big one.

Andrew Stotz 09:48
Yeah, that's why it's important to just like money. Don't love it.

Reuben Mattinson 09:52
Exactly. Yeah, that's the one.

Andrew Stotz 09:56
Let me ask you about this just briefly, because We've had other guests with similar types of story, particularly in forex trading. And in the case of one of the guests, what happened was, in that there was the guys that he was trading with, were in the company was in Mexico, he was in the US. And, you know, he, he was making these trades and all of that and seeing the charts. But what he found out was that it was all made up. There was never the money was never actually invested in anything. Yeah, and that's different from another group of people that you maybe you could argue FTX sandbank been freed was a type that, you know, I mean, he was trying, you know, like, Alameda research. And, you know, Allison was trying, but you know, they just didn't know what they did. They were doing, they didn't have the risk controls in place. And so Whoa, okay. What do you think it was behind the scenes with these guys? Where was it just simply got your money, keep talking to you keep you distracted. And when it eventually comes time, we're just going to disappear? Or were they trying to do something and you saw evidence that there was an account, or you, you know, even transferring money is not enough to prove that because the guys in the Mexican guys that were in Mexico, doing it with the US guy had transferred him some profits from his trade, which gave him absolute confidence that he was dealing with something very legit in that case. So just curious what your what your thoughts are there?

Reuben Mattinson 11:30
Yeah, I think it came mainly off the backup, they were running for four years, you know, and they'd never missed a withdrawal or a payment to people, you know, people were withdrawing millions and millions of dollars on a weekly basis from their weekly profit from, you know, I knew people who pulled out their investment and beyond over and over and over. So it wasn't a case that that wasn't happening. But I think it was probably a case that they sort of have good intentions. So well, we'll just put this front up, and we'll just find a way to make money. And if we're not making money in one week, we'll subsidize it the next week, and maybe we'll do a bit of crypto mining here. We'll buy some bitcoin hope it goes up, we'll do a bit of trading. And I think it probably just caught up on them as far as what they were actually the substance of what they were doing. And you're right, they were hiding behind the fact that they hadn't held withdrawals. But as soon as that stopped, obviously, that was both, you know, game over. eyes opened. I think, obviously, as I said, there was some kind of securities warnings coming up about them, like, hey, actually, you shouldn't you have a securities license here. And they weren't addressing that. And again, I think they were kind of saying, well, because we're only accepting cryptocurrency, and it's not actual cash, and it's anonymous transfers, and there's no proof. I think they were trying to get around it that way. But yeah, you're right, that clever kind of just keeping these things going. And at the same time, they could for all, you know, because there was no transparency just had been a Ponzi from day one, it could have just been showing trending people's money over and using my excitement and hype. And that's, that's the scary thing, you know, that we may never know, and you don't know when you're in it, which is why you need to fight hard to have that proof before you go into anything.

Andrew Stotz 13:16
Yeah, and I guess my big takeaway is, you know, for, for pretty much everybody. Trade with a regulated entity. Yeah, that's a, you know, trade with a regulated entity, it doesn't mean that they're perfect, and they're gonna make mistakes, and some could go bust. But a regulated entity also has is not commingling funds. So your funds are separate, your securities are separate, they're held by a custodian and that type of thing. So it's such a different thing. And if they're not regulated, then just you know, walk away, and that would be kind of my takeaway, but how would you describe the lessons that you learned?

Reuben Mattinson 13:55
Yeah, you know, pretty much nail on the head D'Andrea, I think you need to, on I mean, in the Forex space, let's say in this type of trading, you need to know what the trades are happening, are on a regulated brokerage or platforms of the trades can't be faked. Because that happens a lot be booking and all sorts of stuff. And you want to know where your money is held, is in a regulated place. Those two two pillars. And then obviously, you can go on to say well of the strategies and the risk management, they're using proven and as the stock losses, there are well over risk strategies that proven to be there. And I would say those are the three strong pillars you've got to have.

Andrew Stotz 14:39
So let's go back in time for yourself or for a young person listening to this right now and they're in a conversation back and forth. They've even done video calls with these guys that they really like and they've seen the charts. They've seen the price action, they've seen the upside. They've got the instructions on how to transfer the first small amount and don't give us a I just trade with a little bit get started, you know, they've seen all of that coming at them right now. So based upon what you've learned from this story and what you continue to learn what one action would you recommend our listeners take to avoid suffering the same fate?

Reuben Mattinson 15:15
Oh, man. Yeah. I mean, I would say what we've just talked about, they're really like, push them ask the hard questions. And if they can't answer the hard questions, ask yourself, why can't they answer them. And if I could talk to myself, that time ago, I doubt I would have listened. Because the sad thing about human beings is, we actually typically only learn through our worst mistakes, which is why this podcast is brilliant. Because we learn only when we felt real pain and real loss. That's when we learn. And it's sad that it takes us to get to that point. But you know, they say a clever and knowledgeable person learns from their mistakes, and a wise person learns from other people's mistakes. And if you can be someone who taps into the pain that that other person is experienced and their mistake, and you think I don't want to be in that way, then you're a wise man. And I think being a younger sibling by myself, and having two older brothers, I did that on a low, like, low key low scale level. And so my older brothers do something wrong and get, you know, punished by the parents. I'm like thinking in the background, like, yeah, probably shouldn't do that. You know. And it's kind of like, you need to have that younger sibling mentality when it comes into investing. You want to be looking at what others have done before you think?

Andrew Stotz 16:38
Well, this is what the podcast is all about learning from others. In fact, my favorite quote is from Otto von Bismarck, who says, Only a fool learns from his mistakes. The wise man learns from the mistakes of others. What's a resource that you'd recommend for our listeners?

Reuben Mattinson 16:59
Just a general resource? Yeah.

Andrew Stotz 17:01
I mean, it could be anything, it could be your own resources or anything else, that's something, you know, that's been beneficial for you?

Reuben Mattinson 17:09
Well, I mean, a controversial standpoint, I would say, the Bible, but, but that's, that's set aside. I would say, from a logical point of view, you know, investors who have done the right thing, time and time again, and been consistent, you know, and, you know, I love Warren Buffett story and his unofficial autobiography, just because it was consistency and discipline, you know, and you can, I guess, I was gonna say, you can't teach discipline. But I think you can learn it yourself. And you can take hold of that. So I would say, look at the most disciplined and consistent people look at what's, what's made them the people that they are today, what they've done, because, you know, it's the hard things we're doing. It's the hard decisions we make which makers, the people that we are. So I would say, don't go for the flashy, you know, super appealing resources, which are flashing up on YouTube, like, Oh, I've made this money. And it's time I've done this or, you know, short periods of time, look at the long lasting, disciplined people of the investment world and take a page out of their book.

Andrew Stotz 18:15
Yeah. And I would just follow it up by saying, you know, I live in Thailand, where there's still a tremendous reverence for religion. Yeah. And, and I've watched for 31 years that I have been out of the US, I've watched the West, try to destroy religion, and try people's relationships with religion, and try to discredit it. And so what I what I would like to say is that if you if you'd like, if you think the Bible is a good thing, there's a lot of great stories, there's a lot that can be learned from that, and it's helped millions and billions of people over the years, then that's, that's a great resource. And don't let other people you know, I'm not talking directly to you, but I'm just talking to the audience. Yeah. Don't let people discredit something that has bought a lot of value. I think about my grandmother, my mother's mother, and she was just a very simple woman who followed the principles of the Bible and was honest and sincere and helped every Sunday they did potlucks and brought food around to people that didn't have you know, food. She was at church, and she was contributing, you know, to the community. And so yeah, there's a lot of good right there.

Reuben Mattinson 19:31
That's awesome. That's so good to hear. Yeah, you know, I've actually got Proverbs is an incredible book. I've got problems just up on my wall in my office, and it says, wealth gained hastily will dwindle. But those who gain little by little will increase it. And that's just again, it's a reminder for me up there that don't try to make money really quickly. Try to take the shortcuts. Just take it step by step little by little. But yeah, thanks for sharing that. That's really encouraging.

Andrew Stotz 20:00
All right, last question, what's your number one goal for the next 12 months?

Reuben Mattinson 20:05
take over the world, Andrew take over the world, no, stop there. I would say just really get this opportunity in front of as many people as possible. I mean, I would love a goal have to be increasing our fund, you know, in the several, several millions, but I'd love to just to reach 1000s. And if not 10,000 People would be great in a year's time who can see that there is people in this space who can do it with integrity, do it right, kind of redeem their hope in not just humanity, but in the Forex space. And just to kind of be hopefully a light on the stand to lead people away from just all of the garbage in the trash, which is there. There's no proof there's no regulation, and at the very least, show people what they can and can well what they shouldn't and should look for when it comes to the whole Forex opportunity in front of them.

Andrew Stotz 21:03
Well, listeners, there you have it, another story of loss to keep you winning. Remember, I'm on a mission to help 1 million people reduce risk in their lives. As we conclude, Ruben, I want to thank you again for joining our mission and on behalf of ACE Don's got me I hereby award you alumni status for turning your worst investment ever into your best teaching moment. Do you have any parting words for the audience?

Reuben Mattinson 21:29
Just get those three pillars in place that we discussed regulation, transparency, proof, and don't 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.

Andrew Stotz 21:43
Fantastic. And that's a wrap on another great story to help us create, grow and protect our well fellow risk takers. Let's celebrate that today. We added one more person to our mission to help 1 million people reduce risk in their lives. This is your worst podcast host Andrew Stotz saying. I'll see you on the upside.