Subscribe to this blogDon't Be Fooled – The Road To Riches Can Be Bumpy!
On June 29th Bernie Madoff was sentenced to 150 years in prison, the maximum sentence for running a $65 billion Ponzi scheme.
Is this chapter done? Not likely. Perhaps we won’t see investment scams to the degree of the theft that Madoff committed, but sadly, there are others waiting in the wings ready to offer those “too good to be true” investments that will entice those looking for the “road to riches”. However, as we have learned, the “road to riches” can be a bumpy ride without proper due diligence.
You must use common sense, really investigate any investment opportunity, and most importantly, never allow others to make decisions on what you do with your money.
Remember, all investments carry risk and you may still have losses but at least you did your homework.
July 20th, 2009 at 10:30 am
I think this comes back to one important lesson in investing: NOBODY cares about your money more than you do.
I really believe that women, and everyone for that matter, ought to educate themselves on investing so that when you’re faced with financial decisions you feel comfortable making the decision yourself and not leaving it up to somebody else who just doesn’t care about your money like you do. There are so many websites, including Wise Women Investor, and many resources out there on finance and investing. Knowledge is power!
Natalie MacNeil,
She Takes On The World