View Single Post
Old 12-17-2008, 09:37 AM   #10
Back Beach
Respect your elvers
iTrader: (0)
 
Back Beach's Avatar
 
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
Remember rule number one of investing is to be diversified..... also know what you own and why.

Blindly trusting anyone with all of your assets is just plain stupid. I know some people had everything under Madoffs roof, some had lesser proportions. It just drives home the point above even more of being diversified.

There are plenty of Madoffs out there, believe me. A scam the size of this can't be pulled off by one person alone. If Madoff sings, there will be a domino effect and many more individuals and institutions will get fingered.

It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
Back Beach is offline   Reply With Quote