Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Although it's unfortunate to see so many people go from being wealthy to sudden financial ruin or penniless , what appears to have been people caught up in a circle of " greed chasing greed " this is bound to happen eventually . I'm one of the " little people " who will never see or amass the kind of wealth enjoyed by many of Madoffs victims . It's come to the point that no one can be trusted to or will watch and protect your money better than you yourself if you know how to . Before I had started to build and save money in my employers plan I've had fund managers who had great sales pitches try to get me to roll my " hard earned " money over to them to handle . Not they they didn't have my best interest at heart ; I figured that they would put their best interest ahead of mine by " nickel and diming me with hidden fees and at the same time I would be funding their retirement with my lifesavings . Not a chance ! It paid for me to take the time to read the " web based " site of my employers plan which will tell anyone how to use it to their advantage if they read it . I went from having nothing saved or invested 10 years ago to a 6 figure savings cushion today . To many of the people who fell victim to Madoffs scheme what I have saved and invested in my employers plan ; what was once a drop in a bucket is probably now more than what they have after being reduced to having nothing because of some one else that they trusted "greed".
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.