Madoff Type Stock Scams Exposed!
It seems true to say, Barnard Madoff is the new Charles Ponzi. Investors put much faith in Madoff and considering the current state of things in the fanancial markets, it is a real shame that this man could betray so many good investors! At this point Madoff Type Stock Scams have really impacted countless people around the globe.
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.
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.
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. - 23199
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.
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.
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. - 23199
About the Author:
William R. Wiedow Ph.D. Has had 25 years of experence as a Stock Broker Day Trader and Non-Public 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: madoff-help
posted by X - Men @ 3:43 AM
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