Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: snickerdoodle9 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19222  
Subject: Re: Crooked Investment Guru Date: 12/24/2008 11:09 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
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".
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement