The News Review:
- Meltdown 101: Steering clear of investment fraud
- Plano council member sees his investing clients’ pain spreading
- District investing in open space plan
- Books that financial experts recommend
Meltdown 101: Steering clear of investment fraud
The Associated Press
Madoff — throws up a new warning sign for consumers already on their heels after a horrific year in the markets. If a business run by such a well-known Wall Street figure could purportedly bilk investors for years before getting caught is there anything other investors can do to avoid falling into a similar trap?Madoff founded and owns Bernard L. Madoff Investment Securities LLC and separately oversaw an investment advisory business that managed money for high-net-worth individuals and hedge funds. He was charged with securities fraud Thursday after federal investigators said he caused investors to lose billions of dollars in what was labeled “a giant Ponzi scheme. “Here are some questions and answers about protecting yourself against fraud by an investment adviser. Q: What is a Ponzi scheme and how does it work?A: It’s a fraudulent investing scam that promises high rates of return at little risk to investors.
Plano council member sees his investing clients’ pain spreading
Dallas Morning News TX
LaRosiliere has watched the downturn play out in intimate detail. He throws out lifelines of financial guidance and fields perhaps a dozen calls weekly from anxious families who are struggling under staggering investment losses. Some days are like clockwork. The stock market plunges his phone rings. "It’s the highest level of pessimism I’ve seen. People truly believe their accounts are going to go to zero" he said.
District investing in open space plan
Aurora Beacon News IL
Thinking about long-term investments is a little more complicated requiring patience and discipline. It’s not as exciting as say buying a $1200 plasma TV. But in place of the short-lived instant gratification there are lasting benefits from investing for the long haul that far outlive that high-definition picture on the big screen. The Fox Valley Park District is lucky to have the residents of Aurora Montgomery and North Aurora as its constituents. Collectively they’ve helped the district craft a long-term investing plan that not only provides immediate payback but also builds a solid foundation for the future. The district calls it OSPRI for short which stands for the Open Space Park and Recreation Investment plan. While it’s a big-picture plan OSPRI applies many of the same prudent principles as those practiced by the educated bargain hunter who shops deals and winds up saving thousands per year.
Related from Cannabisfanclub: Sheriffs and rangers work to make open space safe for all
Books that financial experts recommend
San Francisco Chronicle USA
He takes an unusual approach by visiting neuroscience labs and subjecting himself to experiments. “By studying the field of neuro-economics – a blend of neuroscience economics and psychology – investors can gain a deeper understanding of the situations in which they may make those illogical but emotionally satisfying decisions which inevitably lead to poor investment performance” says de Silva. ” ‘Your Money and Your Brain’ is an excellent introduction to this nascent field with specific examples on how not to allow your investment decisions to be ruled by your emotions and how to spot opportunities created by the emotionally driven decisions of others. “Against the Gods: The Remarkable Story of Risk” by Peter L. Bernstein; Wiley John & Sons; 1998. Recommended by Bernard Lirola managing director of Needham Investment Management LLC in New York: America’s appetite for financial risk taking may be low at the moment after the market decimated most holdings. But it is certain to return as people try to restore their lost assets be it through gambling hedging or carefully measured risk.