Dec 31 2008
Poison investments and ponzi pimps
Understanding the value of a due diligence is a very important part of business.I believe many net newbies don’t do due diligence on the net.Look at the news,Bernie Madoff ran a billions of dollars ponzi.(pronounced Made Off ironically}.Even Kevin Bacon lost some bacon with this guy.The S.E.C. looked at this dudes business for a long time. So dont always trust the government for information.This piece of advice to the net investors.Even if you have confidence in your investments.Keep looking for information. In the real world, economy revolves around “investor confidence”Our standard of living is effected by “investor confidence”. That is why we saw the U.S government spazz out when major banks could not invest or loan. Bail out loans came real fast for some banks.Governments pass laws to try and instill “investor confidence” which stimulate the markets .
Another governments role should be by doing constant market watching to “keep all the ponzi pimps out” .Investor has no chance long-term in a ponzi game.Need stronger laws against ponzi perpetrators.
In investment groups , such as Venture Capital groups , a wise group of investors will always have a member of their group playing company guard dog.His job is to do constant due diligence and find information for the group. Look at any income claims and see if can be proved or not.
Due Diligence is not over when you part with your money….it should be carried on throughout the length of your participation in any programme.
In essence, look for resources to achieve a good investment.The net is a great place to start.Don’T get into a ponzi pimps game.Look into some of the For-ex market experts risk and return figures. Hold my opinion on stock market experts.
Ponzi Pimps don’t like this . I don’t like the ponzi pimps.It is poison to business and charity.Invest with caution in this”investor confidence” world. Have a great day and a fine 2009.See you next year.
