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<p>[QUOTE=&quot;medoraman, post: 985366, member: 26302&quot;]Just as an aside, regarding Madoff, all of the warning signs were there for whoever wanted to look. His fund shouldn&#039;t have been allowed to operate, with no third party custodian, a rinky dink auditor, no correlation of his supposed positions and announced return. Everything that any finance professional has been taught as a red flag was there for everyone to see. Many people did try to get the SEC to listen, and posted warnings to investors of his funds, most either didn&#039;t read or refused to listen. He was a good salesman I guess. Never trust ANY financial salesman without knowing that someone besides him has physical control of what he is buying for you. Period.</p><p><br /></p><p>This doesn&#039;t mean there are any of those risks in an index mutual fund with separate custodian of the assets. That setup was created to prevent any of this stuff. Doesn&#039;t mean you cannot lose money in the market, but you cannot be &quot;Madoff&#039;ed&quot;. Your choice is completely up to you, I just wanted to clarify that for others. To me, everyone talking bad about equities is music to my ears, since I am buying and I hope they sell me theirs cheap. It was music to my ears in the early 90&#039;s when everyone was talking bad about coins and PM&#039;s as well, the more they yelled about how bad they were the more I bought, (what I could back then).</p><p><br /></p><p>Excellent point as well Cloud. If someone doesn&#039;t understand a market, and does not want to learn, then maybe its not for them. I have always said your investment should let you sleep at night, its just with a little education you can sleep while taking some prudent risks, thereby maximizing your potential returns. It really is a very expensive &quot;sleeping pill&quot; getting a 1% max return in a bank or money market.[/QUOTE]</p><p><br /></p>

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