How to Ponzi Scam Proof Your Stocks Portfolio
InvestorEducation / Learning to Invest Jan 22, 2009 - 12:20 PM GMT
I've been in the financial arena for over 30 years. I must say I that I am appalled to see scum like Bernie Madoff stealing money from honest people. In many ways he's committing one of the most heinous of crimes. He's destroying the financial standings of unsuspecting victims for his own selfish greed.
In my opinion, he should just go right to jail as he has already confessed to the crime. We've seen them throw people in the slammer for much lesser offenses, but that's just my opinion.
Ponzi Proof Your Portfolio Online Video
Okay, so how do you Ponzi proof your portfolio? The key here is to take control of your own financial future. This is not as difficult as you might think. Not to mention that the mistakes you may make are your mistakes, and not that of a crazy, old guy down in Florida who may run off with your money too. I'm just amazed that anyone thinks that they can actually get away with this garbage. Everyone knows a Ponzi scheme is doomed to failure; there is not enough money in the world to keep them going. By nature... it eventually has to collapse. But, if you take control of your own money... and remove it out of the hands of people like Madoff... then you can sleep more soundly at night.
Here is what you need to do:
# 1: Take control of your own destiny by learning how the financial markets work. They are not as complicated as everyone makes them out to be.
# 2: I believe that once you learn how the markets work, you must create a game plan to stay on track and to reach your individual objectives.
# 3: One of the easiest ways to tell if a market is going up or down is to use a simple technical analysis indicator, or our "Trade Triangle" technology, which literally points out the direction for you.
# 4: Following a proven approach in the markets is one of the easiest and fastest ways for you to accumulate wealth. Sometimes it is difficult to know who to trust. The key here is to trust in yourself. You don't have to hand over your money to someone who could potentially ruin your financial future. Don't give them that opportunity when you are capable of steering your own financial ship.
# 5: This is perhaps the most important element of Ponzi proofing your portfolio: discipline. You must be disciplined to take both profits and losses. By following a market proven system and your game plan, I think you will be happy with the results of your work. You will also have the satisfaction of knowing that you did it yourself... you stuck with a plan and made your final decisions.
Many people think you have to spend hours upon hours looking over and reading the financial press to find winning trades. Remember, that the financial press is old news and the real news is happening through price action movement. However, you can start yourself off by selecting stocks that are well financed, have good liquidity, and have a history of big swings. However, you need to ensure that your portfolio is diversified into several non-correlating markets. If you trade that diverse portfolio throughout the year, with a game plan and disciple, I believe you will see the results you are looking for. Once you do this, you have not only created a Ponzi proofed portfolio, but you have also made it practically bulletproof as well.
Okay, let's sum up what I've just said: First, you need to create and implement a game plan. Next, you need to use market proven strategies to help guide you in the correct direction of the market. Thirdly, you need to follow your game plan with discipline. Fourthly, you need to make sure that you are investing in a diverse group of holdings (stocks, bonds, real estate, futures). Last, but not least... you can sleep well at night.
Ponzi Proof Your Portfolio Online Video
Every success in what promises to be an exciting future for all of us,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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