The Madoff Jitters

Any investment adviser that asks you to risk your capital, should be replaced. An individual does not have capital to risk until 1) All debts, including, mortgages are fully satisfied and 2) three years of expenses have been saved in readily available cash in case of emergency. How many advisers truly have the public's best interest at heart? Not many. If they did, the client's solvency and debt load would be the main focus of any advice given.

Thank you, Newsweek, for a most enlightening piece, even though it will have been too late for those victimised by Mr. Madoff and the very many MORE like him (the ultimate ROOT of the global financilal meltdown). This article should be required READING for ALL would-be investors and their investment managers and advisors alike. the bottom line is that one word which the technical and financial smart alecks thought was obsolete: INTEGRITY.

http://www.globalresearch.ca/index.php?context=va&aid=11488 this article explains the truth about madoff.it is about how he didn't steal the money just lost it in the bad times.If he says he lost it the investors can get it back from the taxpayers.Just another scam to socalize their losses.

IT REALLY HAS TO DO WITH WHERE KICKBACKS COULD BE MADE EFFECTIVE

Before Madoff sees the inside of a jail cell, he will open doors into the Wall Street underbelly that has seen little light of day.


From New York to Geneva, corruption is rampant and complex on Wall Street, including the process of accumulation of this much cash..
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http://pacificgatepost.blogspot.com/2008/12/is-madoff-really-anomaly.html
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MADOFF AND HIS METHODS are not so unique.

What if the advisor is employed and gets paid by the investment funds?

How much can an advisor help at all? The advisor is connected to a firm. The advisors interest is the interest of the firm. It takes years for people to know if listening to an advisor is a good idea or not. By that time, the investor makes money or is out of their money. If the investor does not have objectives and know how much risk they want to take, they should not be in the stock markets at all. If they know how much money they want to invest and the time frame of having the investment, bonds, and CDs are a better fit. Few people should be in the stock market. The stock market is for speculator not working people looking to retire, sending children to college, or buy a home.

Mutual funds are the investments for fools. The advisor is nothing more than a bookie in this arrangement. The advisor makes money if it goes up. The advisor makes money if the fund goes down. The advisor makes money if the fund does nothing. Advisors really clean up when it comes to load funds and front end load funds. I had experience with one advisor who would not tell me what type of investments my partner was in. That was with my partner sitting beside me. He told her years before I met her, nothing but "trust me." She lost 50% of her investment. Just think what she would have lost if she was invested with this crook in this bear market?

I will not go into options and the real "air condition" gambling instruments. That is where these so called advisors (regulated bookies) really make their money. This "Madoff scheme" goes on all the time. You don't hear about them because it happens to the average person who does not have the friends in high places that can get it into the news. They are told by regulators and law enforcement to go hire a lawyer because they are not interested. But when it happens to the rich and powerful, the Madoff types are placed in front of a judge faster than lightning!

How much can an advisor help at all? The advisor is connected to a firm. The advisors interest is the interest of the firm. It takes years for people to know if listening to an advisor is a good idea or not. By that time, the investor makes money or is out of their money. If the investor does not have objectives and know how much risk they want to take, they should not be in the stock markets at all. If they know how much money they want to invest and the time frame of having the investment, bonds, and CDs are a better fit. Few people should be in the stock market. The stock market is for speculator not working people looking to retire, sending children to college, or buy a home.

Mutual funds are the investments for fools. The advisor is nothing more than a bookie in this arrangement. The advisor makes money if it goes up. The advisor makes money if the fund goes down. The advisor makes money if the fund does nothing. Advisors really clean up when it comes to load funds and front end load funds. I had experience with one advisor who would not tell me what type of investments my partner was in. That was with my partner sitting beside me. He told her years before I met her, nothing but "trust me." She lost 50% of her investment. Just think what she would have lost if she was invested with this crook in this bear market?

I will not go into options and the real "air condition" gambling instruments. That is where these so called advisors (regulated bookies) really make their money. This "Madoff scheme" goes on all the time. You don't hear about them because it happens to the average person who does not have the friends in high places that can get it into the news. They are told by regulators and law enforcement to go hire a lawyer because they are not interested. But when it happens to the rich and powerful, the Madoff types are placed in front of a judge faster than lightning!

I think the advice is very general, and not cutting-edge enough. It is not going to be of any use to the average investor. What an investor needs is a sequence of tests to perform, such as a pilot does (or is supposed to do) before takeoff.