Comments on: The $50 Billion Dollar Reason To Manage Your Own Money http://www.moneycrashers.com/the-50-billion-dollar-reason-to-manage-your-own-money/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 21:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: ekrabshttp://www.moneycrashers.com/the-50-billion-dollar-reason-to-manage-your-own-money/#comment-6345 ekrabs Wed, 24 Dec 2008 05:24:04 +0000 http://www.moneycrashers.com/?p=710#comment-6345 I heard of this one news segment on Madoff, and the truth is, he's not your usual Ponzi scam artist.... He was actually fairly quiet and reserved, if not laid back, as though he's an uncle you can trust. And who wouldn't? He had the position and "smart money" backing that would make any legimitate fund managers jealous. While I wouldn't fault anyone for falling for MAdoff, I do agree that one should indeed be careful with who they entrust their money. When you think about, THIS IS A PERFECT ARGUMENT FOR INDEX FUNDS. Then, you can avoid pitfalls like this entirely. I heard of this one news segment on Madoff, and the truth is, he’s not your usual Ponzi scam artist…. He was actually fairly quiet and reserved, if not laid back, as though he’s an uncle you can trust.

And who wouldn’t? He had the position and “smart money” backing that would make any legimitate fund managers jealous.

While I wouldn’t fault anyone for falling for MAdoff, I do agree that one should indeed be careful with who they entrust their money.

When you think about, THIS IS A PERFECT ARGUMENT FOR INDEX FUNDS. Then, you can avoid pitfalls like this entirely.

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