Comments on: 5 steps to follow to make sure you do not lose everything to the next Bernie Madoff http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Sat, 20 Mar 2010 17:57:17 -0400 hourly 1 By: A Personal Finance » Blog Archive » Best of Personal Finance: How You Can Help the Unemployed Today http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12530 A Personal Finance » Blog Archive » Best of Personal Finance: How You Can Help the Unemployed Today Mon, 02 Nov 2009 05:05:56 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12530 [...] 5 Steps to Follow to Make Sure You Don’t Lose Everything to the Next Bernie Madoff — If you carefully follow any one of these five steps, you’re probably better off than the many who lost their shirts (and homes) to Ponzi schemes. (Take notes.) Gather Little by Little [...] [...] 5 Steps to Follow to Make Sure You Don’t Lose Everything to the Next Bernie Madoff — If you carefully follow any one of these five steps, you’re probably better off than the many who lost their shirts (and homes) to Ponzi schemes. (Take notes.) Gather Little by Little [...]

]]> By: Best of Personal Finance: How You Can Help the Unemployed Today | jacobW.com http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12436 Best of Personal Finance: How You Can Help the Unemployed Today | jacobW.com Wed, 28 Oct 2009 21:18:30 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12436 [...] 5 Steps to Follow to Make Sure You Don’t Lose Everything to the Next Bernie Madoff — If you carefully follow any one of these five steps, you’re probably better off than the many who lost their shirts (and homes) to Ponzi schemes. (Take notes.) Gather Little by Little [...] [...] 5 Steps to Follow to Make Sure You Don’t Lose Everything to the Next Bernie Madoff — If you carefully follow any one of these five steps, you’re probably better off than the many who lost their shirts (and homes) to Ponzi schemes. (Take notes.) Gather Little by Little [...]

]]> By: The DoughRoller Weekly Roundup (Zecco $50,000 Practice Forex Account Edition) | Credit Guy http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12430 The DoughRoller Weekly Roundup (Zecco $50,000 Practice Forex Account Edition) | Credit Guy Wed, 28 Oct 2009 16:32:17 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12430 [...] 5 Steps to Follow to Make Sure You Do Not Lose Everything To the Next Bernie Madoff @ Gather Little By Little:  Apparently, the New York Mets actually profited $48M from investing with Bernie Madoff.  Sickening to think how many people that money belongs too.  Protect yourself from future Ponzi schemers. [...] [...] 5 Steps to Follow to Make Sure You Do Not Lose Everything To the Next Bernie Madoff @ Gather Little By Little:  Apparently, the New York Mets actually profited $48M from investing with Bernie Madoff.  Sickening to think how many people that money belongs too.  Protect yourself from future Ponzi schemers. [...]

]]> By: Frank http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12413 Frank Tue, 27 Oct 2009 17:05:37 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12413 You are right with "Too good to be true": Be careful when the business model does not make sense... Be attentive to the Red Flags. There are certain basic due diligence practices. For example funds shrouded in secrecy and closely guarded (secrecy is a classic component of a Ponzi scheme) and not subject to independent, high quality verification (Madoff was using of a small auditing firm, Friehling & Horowitz, which has only one active accountant auditing Madoff’s multi-billion dollar operation)... You are right with “Too good to be true”: Be careful when the business model does not make sense…

Be attentive to the Red Flags. There are certain basic due diligence practices. For example funds shrouded in secrecy and closely guarded (secrecy is a classic component of a Ponzi scheme) and not subject to independent, high quality verification (Madoff was using of a small auditing firm, Friehling & Horowitz, which has only one active accountant auditing Madoff’s multi-billion dollar operation)…

]]> By: Intelligent Speculator | Financial Ramblings http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12364 Intelligent Speculator | Financial Ramblings Sun, 25 Oct 2009 14:53:43 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12364 [...] a signal of upcoming inflation? -Should you take that call even without knowing who is calling? -5 ways to make sure you do not lose everything to the next Bernid Madoff -Is Calpers too big too [...] [...] a signal of upcoming inflation? -Should you take that call even without knowing who is calling? -5 ways to make sure you do not lose everything to the next Bernid Madoff -Is Calpers too big too [...]

]]> By: The DoughRoller Weekly Roundup (Zecco $50,000 Practice Forex Account Edition) – The Dough Roller http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12362 The DoughRoller Weekly Roundup (Zecco $50,000 Practice Forex Account Edition) – The Dough Roller Sun, 25 Oct 2009 12:03:57 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12362 [...] 5 Steps to Follow to Make Sure You Do Not Lose Everything To the Next Bernie Madoff @ Gather Little By Little:  Apparently, the New York Mets actually profited $48M from investing with Bernie Madoff.  Sickening to think how many people that money belongs too.  Protect yourself from future Ponzi schemers. [...] [...] 5 Steps to Follow to Make Sure You Do Not Lose Everything To the Next Bernie Madoff @ Gather Little By Little:  Apparently, the New York Mets actually profited $48M from investing with Bernie Madoff.  Sickening to think how many people that money belongs too.  Protect yourself from future Ponzi schemers. [...]

]]> By: Weekly Round-Up: Runaway Cat http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12355 Weekly Round-Up: Runaway Cat Sat, 24 Oct 2009 22:51:04 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12355 [...] 5 steps to follow to make sure you do not lose everything to the next Bernie Madoff: I would hate this to happen to anyone I know, so I wanted to pass this information along. [...] [...] 5 steps to follow to make sure you do not lose everything to the next Bernie Madoff: I would hate this to happen to anyone I know, so I wanted to pass this information along. [...]

]]> By: Financial Samurai http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12333 Financial Samurai Fri, 23 Oct 2009 00:54:42 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12333 Definitely a good reminder. Can you imagine losing all your retirement one day through non fault of your own? "Does Bernie Madoff Win In The End?" is the title of one of my posts. The answer is YES. He wins, we lose. Definitely a good reminder. Can you imagine losing all your retirement one day through non fault of your own?

“Does Bernie Madoff Win In The End?” is the title of one of my posts. The answer is YES. He wins, we lose.

]]> By: Molly http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12324 Molly Thu, 22 Oct 2009 15:17:34 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12324 As a person working in the financial world, I highly suggest that there is a 3rd party involved in your transactions. This means a Solid Custodian of all your assets. For example, Charles Schwab, TIAA-CREF, Edward Jones and many othere companies. You may always request a statement from the custoodian and check the trades and balance. As a person working in the financial world, I highly suggest that there is a 3rd party involved in your transactions. This means a Solid Custodian of all your assets. For example, Charles Schwab, TIAA-CREF, Edward Jones and many othere companies. You may always request a statement from the custoodian and check the trades and balance.

]]> By: FinanciallySmartServices http://www.gatherlittlebylittle.com/2009/10/5-steps-to-follow-to-make-sure-you-do-not-lose-everything-to-the-next-bernie-madoff/comment-page-1/#comment-12321 FinanciallySmartServices Thu, 22 Oct 2009 14:45:18 +0000 http://www.gatherlittlebylittle.com/?p=2306#comment-12321 I totally in agreement with no 1. Sometimes family and friends are the ones that encourages downfall. What one should also do before investing is ask his/herself if the interest he/she is getting is true. Ponzi Scheme always offer an higher interest rate than the normal bank. Since the fall of Wall Street a lot of these Scheme has taken a nosedive with persons hard earning money. It is a lesson that moving forward we have to learn from. I totally in agreement with no 1. Sometimes family and friends are the ones that encourages downfall. What one should also do before investing is ask his/herself if the interest he/she is getting is true. Ponzi Scheme always offer an higher interest rate than the normal bank. Since the fall of Wall Street a lot of these Scheme has taken a nosedive with persons hard earning money. It is a lesson that moving forward we have to learn from.

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