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.
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
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.
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23196
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
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.
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23196
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: wallstreet
posted by X - Men @ 3:45 AM
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