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".
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