No. of Recommendations: 0
Yes, we are all very concerned about accounting practices in the US, and especially about Arthur Anderson selling its "integrety" for rich consulting fees and helping its client cook the books to the detriment of investors. It seems that the "public" responsibility of certifed PUBLIC accountants is regarded as a joke by some firms.

Personally I think the risk is greatest at those companies that have been most aggressive--the noveaux riche of companies if you will. I would go with good old blue chip stocks for now. Most of those are satisfied being industry giants and have little need to cook the books.

Government bonds pays such low yields at this point, CDs might be a better investment, but by all means avoid bond funds while interest rates are at historic lows. Investment grade corporate bonds held to maturity can be OK.
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
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 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.
Advertisement