4 Tips for 'Smart' Investors

New York Times:

When wealthy investors are willing to hand over a sizable sum to a single money manager they heard about at the country club, certain first principles of investing bear repeating.

That manager, Bernard L. Madoff, is accused by the Securities and Exchange Commission of running a fraud scheme that may be the biggest in Wall Street history. But if it ends up in the record books, it will be because scores of people made outsize bets on his prowess without taking the time to fully understand what they were investing in.

Read the whole story: New York Times

Comments

[FDRJFKLBJ]

Here's one: dump all of your US dollars and buy gold or some other currency.

And another: Sell all of your stocks. We will be in a bear market until 2018

[noneIn2008]

#1 tip for smart investors, don't follow other tips. Check it out for yourself.

[Artos]

The Fed wants to create more false hope with yet another drop in the interest rate. They watch how things are going on Wall street and act accordingly. Whenever it looks as though their may be a major decline or loss in the Dow Jones, the Fed uses a rate drop as a psychological ploy intended to bolster confidence in the market. They are anticipating that Bush will not give the Auto Industry their much needed loans. When the Market hears that they will falter yet again. The Fed wants to anticipate that and hope that the Stock Market won't go completely downhill. What a dumb and useless move. It's not going to do any good. How will it benefit the masses since the credit industry will raise their rates anyway under the new rules. Total stupidity. No one should borrow money now anyway, they should save their money rather then spend it on useless garbage.

[Artos]

Let the rich invest, they should since it is they who benefit in total from the stock market. For the average guy or gal I would advise them to stay away completely. Main Street Americans were sold a bill of goods about investing by being told it was a good way to build a retirement nest egg. The fear mongers always work on our insecurities, all the while they work hard at insuring that you will be insecure. For the average guy or gal investing in the stock market is simply a way for the Wealthy to borrow your money so as to "Grow" their businesses, and once that has been accomplished they find a way to steal your invested money. It's all legalized theft. Witness the Madoff ripoff. That's how they do it.

[VivaZapata]

the article forgot the smartest tip: stay away from, as ralph nadar refers to it, the big roulette wheel on wall street completely.

[PhilipTaylor]

NOW that the Rich and Powerful have been hit lets hope that:

CLEANING UP THE CORRUPTION ON WALL STREET WILL GAIN MOMENTUM!

So far the suffering is WORST for Retired People and those with 401Ks, but most of the Middle Class has suffered. The Wall Street Rich have taken from everyone and that now includes the non-Wall Street Wealthy.

Wall Street is an equal opportunity THIEF!

Yet what has Bush-Paulson Done - Given $335 Billion to the Thieves!

We need to Intelligently Re-Regulate these Hedge Funds and Banksters and restore Faith in our "FAIR Markets" and that includes a system that Reviews New Products and Regulates them when Implemented. The Creative Labs of Wall Street will always find new ways to steal so this Review Process is necessary.

We also need "Trickle Up" consumer support to restore the Middle Class which also helps Wall Street. "Trickle Down" has had its "Last Stand" with the Bailouts, which have not freed up creidt, so an ERA is OVER!

Simply do not invest until the markets are Regulated again! Too Many TRICKS still!

[CologneCitizen]

The best business tip would be NOT to invest in the USA. The speed by which your Federal Reserve has printed gazillions of dollars lately will lead to a hyperinflation and the dollar will be a worthless piece of paper.

[Bettysdad]

Put your money in Berkshire Hathaway, and let Warren Buffet do the work.

You can't do better than he can.

[research]

Hedge funds is your recommendation?

The funds that use naked shorts?

The ones that need bailing out?

[HoraceOvidson]

What ever happened to: Buy low, sell high?

[Soulsurfer]

Or "due diligence"?

[TIMEATELL]

Or avoiding those investments that YOU don't understand­...

[drkazmd65]

Yep,... that may be the best advice of all for most of us.

[leeman79]

The best tip I can give you is don't vote Republican!

[thegreatgiginthesky]

What about tips for the "prudent" investors?

[curiousasheck]

You can sell a share of stock for $90 that’s actually worth $30, all day long, as long as you can convince Joe Six-Pack that it’s still worth $90.

[Haditup2here]

or Joe NOT "the plumber".

[RogerRantjet]

Tip #1 should be - don't get involved in get-rich-quick schemes - AT ALL. How many times does it have to said or printed? "If it seems too good to be true, it probably isn't." That advice has been around since christ was a lance-corp­oral...and yet gullible fools in a greed-fueled trance get taken in ever increasing numbers and on a scale that defies belief. The only "expert" that anyone needs is simple common sense...a human commodity that is in very short supply in this society anymore.

[wembakoy]

I am scare to death that is may be a karma if we don't responsibility as citizen of the world.

Please save people of the world. I did my part now it is yours.

Share the video below to all. Stop the abuse and corporations greed.

http://www.youtube.com/watch?v=6kTp5Cjx8TQ

Thanks