Fraud in real estate, are you being victimized? - Part IOne of smoothest people around was a securities investment adviser in Santa Barbara. He got hundreds of people to invest with him because hundreds of people had already invested with him. None of them did the level of homework they should have. The few people, who did do independent research, smelled a rat and didn't invest. Many of his investors have lost their whole life's savings; the rest just lost a lot of money, but will recover. If you think I am trying to scare you, then you are absolutely right. "Money should come in rapidly and be spent very slowly." See "Fraud in Real Estate - part II" [More] | Making the MarketMarkets are composed of players of all sizes (including you and me!), the largest of whom are 'Market Makers'; firms who have an obligation to quote a price on particular securities whatever the overall market is doing. Brave of them, I hear you think - imagine having to buy Enron as it plummeted. Surely they ended up with most of that worthless stock in their own portfolios? Er, no. So where did it go then? Patience, little investor. [More] | How to Evaluate Load vs. No Load Mutual FundsWho is selling load funds and why? Most load funds are being sold through brokerage houses, financial planners and Registered Representatives. With few exceptions, most of those folks operate on the basis of selling as much product as possible. They collect their commissions up front, as a back end charge, or both (usually in the range of 5 - 6%). Whether you make money or not is not their primary concern. What matters most to those operating under this approach is how often you buy—and thereby generate new commissions for them. [More] |
"Teaching to be Poor! What Your Children are Learning About Finances!"
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