Stock Scams That Madoff With Your Money!
Bernard Madoff (Charles Ponzi 2) Madoff Type Stock Scams have impacted countless people the world over. It is a real shame considering the current state of things in the financial markets. Investors put their trust in brokers like Bernard Madoff, and this trust was betrayed.
There is now a lost of 50 Billion Dollars because of Mr. Madoff who was at one time a highly respected chairman of The NASDAQ and wiz financier. He just admitted to administrating this ponzi stock scam of the century.
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
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!
Diversify-Diversify-Diversify should be The Golden Rule of investing. Because Madoff Type Stock Scams work so damn well with stock investors who don't Diversify! By putting all your financial eggs into one basket you may be left holding a basket full of rotten financial eggs! The Post Office's credo is: If It Looks To Good To Be True It Probably Is! This may be simplistic because there are rare great investments out there and you don't want to miss them because they look like scams, but when a great investment does come along, it's time to research-research-research before you put a penny into it!
Absolutely amazing offers are often the sign of a scam. Madoff promised high returns on investments with low risk and plenty of liquidity. He was offering incredibly secure investments with good returns. While solid investments do exist, you are certainly not going to find ones as amazing as what Madoff was offering. These sorts of "Fantastical Guarantees" should let you know that a scam is going on!
First off, if you need help right now because you are a Madoff Victim you can go to: madoff-help.com You should not feel too bad about this, remember Madoff suckerd the best banks savvy brokers and professionals who should have avoided this guy like the plague! Common Sense tells all of us That You Are Taking A Risk When You Invest and on top that The SEC was next to useless in The Madoff Affair?
You can keep from being scamed most times by using good research, but the fact is we all get taken for a ride sometimes. Hedge Funds are very risky as an investment so for the individual investor it would be safer to stay away from them. In this economy today to retain your investment captial or have a better chance of keeping your investment captial at the minimum, stick with much safer Mutual Funds, Bank CD's, or even Gold. The economy may or may not get better soon, so your saftest course in 2009 may just be to leave most of your money in the bank. (c) 2009 William R. Wiedow Ph.D. - 23204
There is now a lost of 50 Billion Dollars because of Mr. Madoff who was at one time a highly respected chairman of The NASDAQ and wiz financier. He just admitted to administrating this ponzi stock scam of the century.
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
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!
Diversify-Diversify-Diversify should be The Golden Rule of investing. Because Madoff Type Stock Scams work so damn well with stock investors who don't Diversify! By putting all your financial eggs into one basket you may be left holding a basket full of rotten financial eggs! The Post Office's credo is: If It Looks To Good To Be True It Probably Is! This may be simplistic because there are rare great investments out there and you don't want to miss them because they look like scams, but when a great investment does come along, it's time to research-research-research before you put a penny into it!
Absolutely amazing offers are often the sign of a scam. Madoff promised high returns on investments with low risk and plenty of liquidity. He was offering incredibly secure investments with good returns. While solid investments do exist, you are certainly not going to find ones as amazing as what Madoff was offering. These sorts of "Fantastical Guarantees" should let you know that a scam is going on!
First off, if you need help right now because you are a Madoff Victim you can go to: madoff-help.com You should not feel too bad about this, remember Madoff suckerd the best banks savvy brokers and professionals who should have avoided this guy like the plague! Common Sense tells all of us That You Are Taking A Risk When You Invest and on top that The SEC was next to useless in The Madoff Affair?
You can keep from being scamed most times by using good research, but the fact is we all get taken for a ride sometimes. Hedge Funds are very risky as an investment so for the individual investor it would be safer to stay away from them. In this economy today to retain your investment captial or have a better chance of keeping your investment captial at the minimum, stick with much safer Mutual Funds, Bank CD's, or even Gold. The economy may or may not get better soon, so your saftest course in 2009 may just be to leave most of your money in the bank. (c) 2009 William R. Wiedow Ph.D. - 23204
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 researchers in over 34 countries. His insightfull articles on business and investing can be found at: madoffwiththemoney
posted by X - Men @ 2:20 AM
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