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8 Ways To Ponzi-Proof Your Portfolio

Reblogger Joyce Marsh
Real Estate Broker/Owner with Joyce Marsh Real Estate LLC BK659279 

Ilyce Glink suggests "8 ways to Ponzi-Proof your Portfolio" from Personal finance expert Dan Solin.  Unfortunately Ponzi scammers are still out there and we all must be on guard.  Dan Solin has 8 tips for protecting your portfolio from greedy schemes, and how an investor protect his or her hard-earned money? 

Joyce Marsh is a full service real estate professional, who specializes in the sale of Luxury, Gated, Waterfront, and Coastal properties in the central Florida Area.  Joyce Marsh - 386-299-8291  - JoyceMarshHomes@aol.com - Stirling Sotheby's International Realty

Original content by Ilyce Glink

You would think that after the Bernie Madoff scandal was exposed, the era of Ponzi scammers would come to an end. Sadly, this is not the case.

Recently, former Denver Broncos quarterback John Elway and his business manager were scammed out of $15 million in a massive Ponzi scheme. The Colorado district attorney alleges that hedge-fund manager Sean Mueller may have stolen as much as $122 million from hapless investors.

That's scary news. How can an investor protect his or her hard-earned money? Personal finance expert Dan Solin offers 8 tips for protecting your portfolio from these greedy schemes. To read more about how Ponzi schemes work, along with Solin's 8 useful ideas, read his full blog: http://retirement.equifax.com/2010/12/8-ways-to-ponzi-proof-your-portfolio.html

 

 

 

Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor

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Joyce Marsh, Broker/Owner

Joyce Marsh Real Estate Company

386-299-8291   JoyceMarshHomes@gmail.com

                                  

Copyright 2008-2024 by Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

Comments(3)

Lori Bowers
La Quinta, CA
The Lori Bowers Group

It seems no matter where you put your money it is no longer safe.

Dec 21, 2010 02:32 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Joyce, thee is never a 100% fool-proof system, and I would not be surprised to see it happening. Maybe never on the scale like Madofff.

Interesting

Dec 21, 2010 02:35 AM
Joyce Godwin, Realtor, CRS
RE/MAX Elite Properties; Serving Cypress, Spring, Tomball, NW Houston - Houston, TX
RE/MAX Elite Properties

It must make it difficult for the small, but honest investment firm to gain people's trust.  Who would have ever thought that Ponzi schemes could reach the magnitude of ones recently in the news?  And who would think Ponzi schemes could still be going on with the recent media coverage - bold aren't they?!

Dec 21, 2010 05:56 AM