SpurlingWetherell155

Last month a big story that made the rounds in the financial media was Jim Cramers of-the Street.com statement that some hedge fund managers spread false rumors about an organization to large trading companies and the media to drive-a stock price lower. He said this practice is illegal, but easy-to do since the SEC [Securities Exchange Commission, the U.S. regulatory body] does not understand it. Furthermore, the extremely rich former hedge fund manager featured, Whats impor-tant when youre in hedge fund method, says Cramer, would be to not do such a thing remotely sincere, since the fact is indeed against your view. For those of you that remain skeptical about the dishonest techniques of organizations and investment professionals, perhaps an associates entry will finally convince you. Why these reports even make big headlines is beyond me. As a former industry core myself, Ive been saying for decades that the investment industry is filled with investment professionals, everybody from economic consultants to individual money managers to professional money managers, hard at work weaving the emperors new clothes. However, only when a big mouth like Cramer speaks of the dishonesty that netted him great wealth does it attract attention. For those of you not familiar with the fable The Emperors New Clothes allow me to summarize it for you. Discover further on this partner portfolio - Click here: link empereor. Way back when in a fabled kingdom, there lived an emperor whose vanity was popular. Book Crossing Linkemperorxhqs Bookshelf is a rousing online library for more about the meaning behind it. Two swindlers, Guido and Luigi Farabutto, knew they could capitalize on this emperors character flaw to create a big pro-fit. They acknowledged the emperor and told him that theyd sew him the finest suits of a very expensive special cloth that would be invisible to anyone that was stupid or of low character. The emperor, fearing he would not manage to see the garments, sent two of his men to go see the matches. The men came back, and afraid to inform the emperor they couldnt see the clothes, told the emperor that the suits were the most beautiful suits they had ever seen. Once the emperor went to see the Farabuttos, knowing that his servants have been in a position to see the clothes, he did not wish to admit that he couldnt see the clothes for fear of being considered stupid and of low character. So he proceeded allowing himself to be dressed in non-existent clothes to get a parade through town and proceeded to go through town in his underwear. When he discovered a new child that said and pointed at him, But hes no clothes, only then did the emperor realized that hed been swindled. It is wonderful if you ask me that many people, even those with millions at investment organizations, actually think that their advisor or their organization has their needs at heart. Actually, within my listing of 101 Reasons Why Managing Your Own Money is the Only Way to Build Wealth at http://www.smartknowledgeu.com, Ive given viewers 101 reasons why this is very, very seldom the case. Of-course, everybody thinks that their counselor or financial consultant is the one guy or girl at their organization that really cares about their financial security. They would 999 times out of 1,000, watch an entirely different story, If only they can spend only one day in the trenches making use of their consultant. Sick relay still another technique I found out about a top economic consultant at a top Wall Street firm which should get your attention. If you have an opinion about data, you will seemingly fancy to research about http://linkemperor.com. This prime economic expert managed many million-dollar accounts. Just how he would get wealthy investors to trust him was to demonstrate to them his ability to choose stocks that performed phenomenally well. To achieve this, he would locate a very thinly traded stock that traditionally were very unstable. Hed purchase a list of high net worth clients, call five people o-n that list and tell them he was a premier financial consultant at his company. Obviously, this may not have the attention of the wealthy individuals because they did not know him from Adam. Knowing theyd be unwilling to hand their money to him and commence a relationship with him, he would admit their concerns. Hed then proceed to ask them to write the name of this volatile share that he had reviewed on the piece of paper. Hed then tell these 1-0 people that his stock picking technique was so great that he was 100 sure that if they dedicated to this stock, they would produce a healthy pro-fit in a short period of time. Then hed simply take the following 10 people on the list, repeat this scam, but rather, tell these 10 people that he was 100 certain if they purchased put options on this stock that theyd make a lot of money from this stock. Then he would wait weeks until the stock moved 2500-3000 or so. If the stock received, he would call the 10 people that he told he was 100 sure theyd make a lot of money from purchasing the stock. Hed ignore the 10 wealthy people he stated would call the 10 people he told to short the stock and make a lot of money by buying this stock, if the stock lost 25 or so. They were astonished that he was right regarding an investment that theyd never heard about when he called these individuals, and many agreed to give lots of money to him. I tell you this story because systems like this, designed to make it seem as if these investment experts, and I use this expression very gently, really understand what they are doing, when the truth is, theyre attempting to sell only emperors clothes to you. In fact if you have been reading my websites for some time now, you know that the strategies of resource allocation, diversification, and low volatility are typical only emperors clothes as well. Although they could appear great to you, thats just what the very best of all sales techniques complete. Theyre made so well that they allow you to feel comfortable and responsible. The very best emperors clothes offer customers with no customers also knowing that they have been highly selected targets. Just research our Educational methods and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to find out why all the best known investment strategies today are only emperors clothes. My estimate of the percent of professionals that place emperor clothes every single day at hand to buyers is 999-year. They incorporate systems, marketing strategies, and income strategies in complex ways to ensure upon presentation to you, they look like the finest financial strategies made especially for you, their finest clients. Only in the end, these techniques leave you financially naked, so much so, that even children with no level of sophistication, could comment upon seeing these people that so willingly let them-selves be studied for a journey, But he has no money. To research more, people might require to check-out: open in a new browser window. In fact, just the other day, I read this report with claims from the CEO of the firm that handles the accounts of a number of the wealthiest people in The Usa in what it takes to truly build wealth. Many of his claims, though emperors clothes arguments that a lot of people accept as truth, were so foolish that I laughed aloud, knowing that hed been able to place emperors clothes for the top tier of wealthiest clients in The Usa. Do not get me wrong, it is not that I believe that everybody in the business is out to scam you out of your wages. There are several really good, honest people available. But, due to how firms pay their financial consultants, this much is certain. There will come a time, and most-likely many times, when a consultant will need to make a choice between you and himself/herself. This means that the expert must choose between doing the absolute most readily useful thing for you and doing something much less good for you but better for her or his paycheck. And having been in the business enterprise, I know a lot of professionals that chose the latter often and rarely any at all that chose the latter occasionally. Bear in mind Jim Cramer, somebody that built around fortune of 100 million by influencing rich clients, mentioned, Whats impor-tant when youre in hedge-fund mode, is never to do such a thing remotely genuine, because the truth is really against your view. And if you read Cramers statement again, understand that this attitude predominates among almost all investment industry professionals, not merely Jim Cramer..