8 Ways To Ponzi-Proof Your Portfolio

By
Services for Real Estate Pros with Think Glink Media

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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Rainer
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Jay Schmitt
Coldwell Banker Select Professionals - Gettysburg, PA
Gettysburg Real Estate Agent

Wow that is scary. It is amazing how hard people will work to take your money.

Dec 21, 2010 10:22 AM #1
Rainmaker
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Joyce Marsh, Realtor - Daytona Beach FL Real Estate
Illustrated Properties Daytona Fl 386.299.8291 - Daytona Beach, FL
Daytona Beach Homes For Sale

Thanks for the great information Ilyce.  It is so important for investors to be aware and on guard to protect their assets and not fall prey to these get rich ponzi scams.

Dec 21, 2010 10:23 AM #5
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Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Jay--you're right. Just think if they put all that effort into something useful they might make money the honest way.

Joyce--Thanks for reading! Glad you enjoyed the post.

Dec 21, 2010 11:54 AM #6
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