Watched a very good documentary on Madoff by Frontline /Passionate Eye.
have also read many articles and a few things strike you.
feel sorry for the victims one an 80 year old loss retirment savings and now makes his iving at Safeway in the meat dept, 32 hours a week.
the media reported 50 billion but now it is roughly 13 billion give or take.
1. find out who manages, your money, the feeder funds, never mentioned Madoff he wanted it that way....
2. sounds to good to be true it is...: most of the first investments and many more were offered guaranteed investments of 15%-20%.
if someone is offering you 15-20% in guaranteed notes, run away....unless you are living in 1979.
3. Never Never Never put all of your assets in one investment or account. that is very dangerous, I have 3 different brokerage accounts. this also give me different reasearch, offers, and services.
competition is good, so shop around... after everyone of these scams Enron, Worldcom, Madoff, hear about people who have everything with them.
4. bounce off what is being sold to you to other people, plenty of people heard about Madoff and thought the whole thing was a ponzi scheme.
so take your time, and ask other people and if anyone puts presure on you, run away, chance are that is for the best.
hopefully more than Madoff will be charged a report today that there will probably be more charged, 10 in the article.
there is no way Madoff pulled this scam off alone.
also feeder funds besides lawsuits should maybe face charges, they should expected something....there were plenty of mistakes made.
perphaps next time the regulators will shut down the next one, when they get a tip or two, or a page by page artcile, or when Madoff is in Barrons...or.....
one more thing, keep it simple.
thanks
selkirk
have also read many articles and a few things strike you.
feel sorry for the victims one an 80 year old loss retirment savings and now makes his iving at Safeway in the meat dept, 32 hours a week.
the media reported 50 billion but now it is roughly 13 billion give or take.
1. find out who manages, your money, the feeder funds, never mentioned Madoff he wanted it that way....
2. sounds to good to be true it is...: most of the first investments and many more were offered guaranteed investments of 15%-20%.
if someone is offering you 15-20% in guaranteed notes, run away....unless you are living in 1979.
3. Never Never Never put all of your assets in one investment or account. that is very dangerous, I have 3 different brokerage accounts. this also give me different reasearch, offers, and services.
competition is good, so shop around... after everyone of these scams Enron, Worldcom, Madoff, hear about people who have everything with them.
4. bounce off what is being sold to you to other people, plenty of people heard about Madoff and thought the whole thing was a ponzi scheme.
so take your time, and ask other people and if anyone puts presure on you, run away, chance are that is for the best.
hopefully more than Madoff will be charged a report today that there will probably be more charged, 10 in the article.
there is no way Madoff pulled this scam off alone.
also feeder funds besides lawsuits should maybe face charges, they should expected something....there were plenty of mistakes made.
perphaps next time the regulators will shut down the next one, when they get a tip or two, or a page by page artcile, or when Madoff is in Barrons...or.....
one more thing, keep it simple.
thanks
selkirk
Last edited:
