Stock Scams That Madoff With Your Money!
Investors put their faith in the likes of Bernard Madoff, and this faith was betrayed! Barnard Madoff (Charles Ponzi 2) has become a real shame considering the current state of things in the financial markets. Today Madoff Type Stock Scams have hurt many people all over the globe.
What a insane lost of some 50 Billion Dollars! This from the same man who was the Chairman of the NASDAQ and a financier second none. Well he just admitted to mastering this Ponzi Stock Scam.
What a horrible financial lost this has been to Wallstreet and Mainstreet! So maybe in the future we will all be better investors. Because this has to be the mother of all text book lessons to learn from what not to do! We must try to completely avoid this type of scam in our remaining years as stock investors.
The ultimate con artist in world history is a one Mr. Charles Ponzi who invented The Ponzi Scheme in the early 20th century. Like Mr Madoff in the 21th century, Ponzi took all the profits from the top of his money pyramid and left little or nothing for the later investors at the bottom of the money pyramid. It is true that some investors did indeed make money with Ponzi and Madoff but most people did not make a penny.
Eventually Ponzi's entire edifice did collapse. This is precisely what happened when Bernard Madoff orchestrated this corrupt stock scheme. We can learn a few important lessons from this saga, and we had better do so if we want to avoid getting the wool pulled over our eyes again!
Diversification is the the one and only answer to these criminals because these Madoff Type Stock Scams only work with ignorant stock investors that do not diversify. It would seem to be a no-brainer for investors but the rule should be Don't Put Every Single Dollar of Your Assets in One Investment Just Because It Looks Really, Really Good! You may end up being very very sorry you did!
Amazing Offers are signs of a criminal stock scam. Mr. Madoff guaranteed big returns on his worthless investments with low risk to no risk. Bells should have been ringing in investors heads but they were not? This is not to say solid investments do not exist, it just means that these kinds of fantastical guarantees that Madoff was offering were truly laughably.
Madoff Type Stock Scams have taught us that we cannot rely on The SEC or regulators alone. "YOU ARE TAKING A RISK WHEN YOU INVEST" and should use your common sense and best judgment. Do not feel bad if you were taking-in by Madoff, he fooled large banks individual investors, savvy financial professionals and many others. But if you were a "Madoff Victim" here are a few places you can go to for help: bernardmadoffvictims.com & madoff-help.com
We all get taken for a ride sometimes. However, you can keep this from happening by making smarter financial decisions. Hedge Funds have a lot of risks associated with them. It is almost always better for individual investors to put their money in low-cost Mutual Funds, Bank CD's or Gold. It is less risky and easier to keep public information track of when it goes up or down. Of course in 2009 you may just want to leave your money in the bank! (c) 2009 William R. Wiedow Ph.D. - 23226
What a insane lost of some 50 Billion Dollars! This from the same man who was the Chairman of the NASDAQ and a financier second none. Well he just admitted to mastering this Ponzi Stock Scam.
What a horrible financial lost this has been to Wallstreet and Mainstreet! So maybe in the future we will all be better investors. Because this has to be the mother of all text book lessons to learn from what not to do! We must try to completely avoid this type of scam in our remaining years as stock investors.
The ultimate con artist in world history is a one Mr. Charles Ponzi who invented The Ponzi Scheme in the early 20th century. Like Mr Madoff in the 21th century, Ponzi took all the profits from the top of his money pyramid and left little or nothing for the later investors at the bottom of the money pyramid. It is true that some investors did indeed make money with Ponzi and Madoff but most people did not make a penny.
Eventually Ponzi's entire edifice did collapse. This is precisely what happened when Bernard Madoff orchestrated this corrupt stock scheme. We can learn a few important lessons from this saga, and we had better do so if we want to avoid getting the wool pulled over our eyes again!
Diversification is the the one and only answer to these criminals because these Madoff Type Stock Scams only work with ignorant stock investors that do not diversify. It would seem to be a no-brainer for investors but the rule should be Don't Put Every Single Dollar of Your Assets in One Investment Just Because It Looks Really, Really Good! You may end up being very very sorry you did!
Amazing Offers are signs of a criminal stock scam. Mr. Madoff guaranteed big returns on his worthless investments with low risk to no risk. Bells should have been ringing in investors heads but they were not? This is not to say solid investments do not exist, it just means that these kinds of fantastical guarantees that Madoff was offering were truly laughably.
Madoff Type Stock Scams have taught us that we cannot rely on The SEC or regulators alone. "YOU ARE TAKING A RISK WHEN YOU INVEST" and should use your common sense and best judgment. Do not feel bad if you were taking-in by Madoff, he fooled large banks individual investors, savvy financial professionals and many others. But if you were a "Madoff Victim" here are a few places you can go to for help: bernardmadoffvictims.com & madoff-help.com
We all get taken for a ride sometimes. However, you can keep this from happening by making smarter financial decisions. Hedge Funds have a lot of risks associated with them. It is almost always better for individual investors to put their money in low-cost Mutual Funds, Bank CD's or Gold. It is less risky and easier to keep public information track of when it goes up or down. Of course in 2009 you may just want to leave your money in the bank! (c) 2009 William R. Wiedow Ph.D. - 23226
About the Author:
William R. Wiedow Ph.D. Has had 25 years of experence as a Stock Broker Day Trader and Private Stock/Futures Newsletter Writer. Dr.Wiedow has had a life long passion for uncovering business and investing scams using his contacts in over 34 countries. His insightfull articles on business and investing can be found at: 50-billion-dollar-madoff-rip-off
posted by X - Men @ 1:28 AM
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