I feel sick from the victims of Bernard Madoff, those who lost everything. They want to know how to compensate for some of the losses. They believe that taxpayers should help them out, for sure. Why not, it’s good enough for B. with A. They want to know how Bernie got away with his “Ponzi” scheme. He left because of the blind greed of (his) investors. That’s right. If you are investing in a fund that returns an unrealistic return, guess something out there is unrealistic.
GOLDEN RULE: If it’s too good to be true, it’s not.
I have money in a mutual fund that has been paying back 200% for several years. Guess I lost it in this recession. But I don’t have all the money. I have money for gambling. INVESTMENT IS A PLAYER! It so happens that investing money is 70 years old. Investing in the stock market has achieved more than investing in real estate, over this period of time (with an average annual return; look), to participate in this you need much less money. One can also easily defeat the market. I do this every year as a non-financial genius.
Your investment strategy is your responsibility. B. Madoff, AG Edwards, Fidelity, Edward Jones, Val Kilmer or Batman are not responsible for your financial future.
STAY DIFFERENT! Don’t invest all your money in a return fund that exceeds the norm. Conduct due diligence and research. Hotter than usual, the funds will be colder than usual. They should be seen as “growth” and not as “income”. I bought growth stocks that went to zero. So my “growth” was negative, but I knew there was a chance to get into the deal. I put a small amount of gambling money in the wrong bank. I lost money on Growth Mutual Funds. But I still had to put off another 48 investments.
If you’ve been 100% invested in BM (hmm, what else does that mean?), You deserve what you got, period. Part of that money was to gamble on Pepsi Cola. Or even lottery or slot machines. Shame on Bernie, but shame. People who have been abused may find themselves in the wrong place. Nicole continued to live next to the coolant
As a sidebar let me recommend “American Funds” (they also lost the report as a result of the recession). They use a team approach. It is unlikely that the 8 people who control the fund will make the same mistake. That would be clearly questionable, and the investor had to admit deception. The American has existed since the 1930s and will likely be around when Bernie is released from prison. He should consider investing in Am. Fds. in 2160 when he was released. An investment of $ 1,034 in one of their original funds in 1934 (with reinvestment of dividends, which is very important) is worth 40+ million. today. A house of $ 10,000 in 1934 today costs about $ 50 million?
Sidebar №2: The stock market is always responsive. If you coincide with a drop in the stock market in percentages (as if the Dow 14,000 was ever realistic), the unemployment rate should be much higher than during the Great Depression. This country should be 58% of what it was 2 years ago. Pfft! There is no relationship between the market and the reality of the economy. BUY OK and hold. Look for companies that have actually collected dividends in a financial disaster. Did you think there were none? So you are not doing your job.