TedescoOtis481

A major story that made the rounds inside the financial media last month was Jim Cramers (of-the Street.com) statement that some hedge-fund managers spread false rumors about an organization to the media and large trading companies to drive-a stock price lower. He explained this practice is illegal, but simple to do 'because the SEC [Securities Exchange Commission, the U.S. regulatory body] doesn't understand it.' Furthermore, the acutely wealthy former hedge fund manager boasted, Whats essential if you are in hedge fund style, says Cramer, would be to not do anything remotely sincere, as the fact is really against your view. For those of you that remain skeptical regarding the deceitful techniques of companies and investment professionals, perhaps an associates admission may finally convince you. Is beyond me why these reports also make big statements. As a former industry expert myself, Ive been saying for a long time that the investment industry is saturated in investment professionals, everyone else from economic consultants to private wealth managers to professional money managers, hard at work weaving the emperors new clothes. However, only if a large mouth like Cramer speaks of the dishonesty that netted him great success does it attract attention. For those of you not familiar with the fable The Emperors New Clothes allow me to review it for you. Way back when in a kingdom, there lived an emperor whose vanity was popular. Two swindlers, Guido and Luigi Farabutto, knew they could capitalize on this emperors character defect to produce a big profit. They acknowledged the emperor and told him that they'd sew him the best possible suits of an extremely costly special material that would be invisible to anybody that was ridiculous or of low character. The emperor, fearing he would not be able to see the garments, sent two of his men to go see the matches. The men returned, and afraid to tell the emperor they could not start to see the clothes, told the emperor the suits were probably the most beautiful suits they'd ever seen. When the emperor visited see the Farabuttos, understanding that his servants have been in a position to see the clothes, he didn't wish to acknowledge that he could not see the clothes for fear of being considered stupid and of low character. Therefore he proceeded to permit herself to be dressed in clothes to get a parade through town and proceeded to go through town in his underwear. When he discovered a new child that pointed at him and said, But he's no garments, only then did the emperor realized that he'd been conned. It's amazing if you ask me that many people, even those with thousands at investment companies, really think that their counselor or their company has their needs at heart. In fact, within my list of 101 Reasons Why Managing Your Personal Money is the Only Method to Build Wealth at http://www.smartknowledgeu.com, Ive given 101 reasons to readers why that is very, very seldom the case. Of-course, everybody else thinks that their counselor or financial expert could be the one guy or gal at their agency that actually cares about their financial security. Only if they could spend just one day in the trenches making use of their expert, they would 999 times out of 1,000, watch a totally different story. Sick exchange still another strategy I found out about a top economic consultant in a top Wall Street firm which should get your attention. That leading financial expert maintained several million dollar accounts. Just how he'd get wealthy investors to trust him was to demonstrate for them his ability to choose stocks that performed phenomenally well. To accomplish this, he would locate a very thinly traded stock that historically was very volatile. He would purchase a list of high net worth customers, contact twenty people on that list and let them know he was a top financial consultant at his agency. Needless to say, this would not have the attention of these rich people because they didn't know him from Adam. Knowing they'd be reluctant to commence a relationship with him and hand their money to him, he would know their reservations. We discovered linkempereor by browsing Yahoo. He would then check out ask them to write the name of this stock that he'd reviewed on a bit of paper. He would then tell these 10 people that his stock picking strategy was so great that he was 100 certain that if they invested in this stock, they would make a healthy profit in a brief period of time. Then he would simply take another 10 people on the list, repeat this fraud, but rather, tell these 10 people that he was 100 certain that they would make lots of money from this stock if they purchased put options on this stock. Before stock moved 2500-3000 roughly then he would wait many weeks. He'd call the 10 people who he told he was one hundred thousand sure they'd make a lot of money from purchasing the stock, If the stock received. If the stock lost 25 approximately, he would just forget about the 10 wealthy individuals he promised would call the 10 people he told to short the stock and make plenty of cash by purchasing this stock. They were amazed that he was right regarding an investment that they'd never heard of when he called these individuals, and many agreed to provide a lot of money to him. We discovered Bergmann Finn re.vu by browsing the Internet. I tell you this story because strategies like this, designed to make it seem as if these investment experts, and I use this term very softly, really know what they are doing, when in reality, they are trying to sell nothing more than emperors clothes to you. In reality if you have been reading my blogs for some time now, you understand that the methods of asset allocation, diversification, and low volatility are all only emperors clothes too. Although they may sound great to-you, thats precisely what the very best of all revenue strategies achieve. They are designed therefore well that they cause you to feel comfortable and responsible. The top emperors clothes provide customers with no customers even recognizing they were highly selected objectives. Just research our Educational resources and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to find out why every one of the most widely known investment techniques today are nothing more than emperors clothes. My estimate of the percent of professionals that place emperor clothes every single day at hand to buyers is 99-years. Be taught further on an affiliated article - Click here linkemperor.com. They weave schemes, marketing strategies, and income strategies in complex ways to ensure upon presentation to you, they seem like the finest economic strategies created specifically for you, their finest clients. Only in the long run, these techniques leave you financially bare, so much so, that even kiddies with no level of complexity, could comment upon seeing these investors that so willingly let themselves be used for a drive, But he's no wealth. In reality, just the other day, I read this report with statements from the CEO of the organization that handles the records of a few of the people in The Usa by what it takes to seriously create wealth. A lot of his statements, though emperors clothes arguments that most of the people accept as truth, were so ludicrous that I laughed out loud, knowing that he'd been able to weave emperors clothes for your top-tier of wealthiest customers in The Usa. Don't misunderstand me, it is not that I believe that everyone in the commercial is out to scam you out of your hard earned cash. If you know any thing, you will possibly hate to explore about link emperor. There are a few truly good, honest people in the business. However, because of how firms compensate their economic specialists, that much is expected. There will come a time, and probably repeatedly, when a guide will need to make a decision between you and himself/herself. Which means the guide must choose between doing the absolute best thing for you and doing some thing not as good for you but better for her or his pay. And having been in the business enterprise, I know plenty of consultants that chose the latter often and rarely any at all that chose the latter occasionally. Always remember Jim Cramer, someone that built an estimated fortune of 100 million by adjusting rich customers, mentioned, Whats impor-tant when you are in hedge-fund function, is to not do anything remotely genuine, because the fact is really against your view. And when you read Cramers record again, realize that this attitude predominates among virtually all investment business specialists, not only Jim Cramer..