Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 5
Any ideas???

Now I will express an opinion about investment strategy. By way of background, I'm from Kansas and of Polish extraction, so I don't deal well with complexity. I also tend toward the half-empty glass. Comes from years of dealing with failing businesses, each of which had a terrific idea.

Channeling my father, it's story time. Continuing the channeling, I may have told it before, but it won't kill you to hear it again.

Not so long ago, on a different TMF board, a breathless fool (note the use of lower-case) told us about this fantastic investment opportunity that had come his way. He couldn't believe his good fortune. It was a sure-fire investment guaranteed to return 11% minimum yearly. Restricted to only a select few, it required an initial minimum investment of $50,000 IIRC. He was getting ready to cash in everything and put it in this unbelievable opportunity.

You can imagine the Fools' responses. The fool's response to the Fools was that we were jealous. Well, you guessed it. It was a Ponzi scheme, and the fool got in too late.

With no offense meant to your unparalleled ingenuity, do you really think you could come up with a sure-fire double your money scheme that someone else hasn't already thought of, thus rendering it, as Mr. Market will do, ineffective?

Phil
Rule Your Retirement Home Fool
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.