The News Review:
- Tufts Lost $20 Million by Investing in Madoff Fund
- Bernard Madoff’s Misconduct Said to Date to 1970s
- Don’t Buy Into These 3 Investment Myths
- Comfort Zone Investing: 2009 predictions
Tufts Lost $20 Million by Investing in Madoff Fund
Bloomberg
Schools including Yeshiva University in New York havesaid they are victims of Madoff?s alleged $50 billion fraud. Yeshiva this week said it lost about $110 million in investmentstied to Madoff. ?You have my word that we will look closely at ourexperience in this case so that we can strengthen our investmentprocess for the future? Bacow wrote in the letter. All the money lost by Tufts and most lost by Yeshiva wasinvested through funds controlled by. Merkin a Yeshiva trustee and chairman of its investmentcommittee resigned from both university posts on Dec.
Bernard Madoff’s Misconduct Said to Date to 1970s
Bloomberg
The SEC will likely also examinewhether hedge funds investing with Madoff performed the duediligence promised to clients two people familiar with theagency?s concerns said. ?The key question to us is to find out why the SEC didn?tget into it more? before the scheme collapsed this month HouseFinancial Services Committee Chairman. ?It?s clear weneed to improve regulation and that will be one of the majorquestions we will focus on early next year.
Related from Streetlevelpdx: Bethlehem couple loses millions in Bernard Madoff’s alleged scheme
Don’t Buy Into These 3 Investment Myths
Motley Fool
While that’s not particularly surprising this certainly is: A mere 23% of people over 55 have more than $250000 saved up — and they’re within a decade of retirement!Too early to plan for retirement? Hogwash! Can you imagine if Tiger Woods’ parents had told him he was too young to swing a golf club or if Roger Federer’s coach had told him he didn’t need to practice his forehand yet? A large part of the reason those two men so dominate their respective sports is because they got a jump start — and they never let up. The same holds true with investing for retirement. You need to practice work hard and focus — so that when game-time finally arrives everything is effortless and just falls into place. Is it a coincidence that Warren Buffett began investing at 11 has practiced every day since and is now the richest man in the world? I think not. So what gives? I think it has a lot to do with the second investment myth you need to ignore at all costs.
Comfort Zone Investing: 2009 predictions
BloggingStocks
In this weekly column he’ll offer advice to investors who are just getting started. It is the best of times. It is the worst of times. I’m paraphrasing a little from Mr. Dickens but his sage words still apply. How could this be the best of times? We’ll come back to that.