Monday, December 15, 2008

Too good to be true


By now, most of you have heard of Bernie Madoff - the big-time con man from New York. He was never an investor or fund manager - he was and is a thief. He's the guy who played a gigantic Ponzi scheme game against hundreds of investors - many of whom should have known better. It's like they say - greed and charm will get you every time. When it's too good to be true - it's too good to be true. Now is a little too late to be wanting to be safe. The building to the left is the lipstick building in New York, where Bernie had his offices. Impressive, no? That's why I always say, invest conservatively. Buy lots of stock now, but do it wisely. Where Madoff is concerned, there are no high hemlines - sorry.