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Old 02-09-2014 | 08:22 PM
  #47  
busdriver12
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Joined: Nov 2013
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Originally Posted by Timbo
18% a year?

If it sounds too good to be true...it probably is.

How do you know for certain your investor buddy isn't the next Bernie?

Read this: No One Would Listen: A True Financial Thriller: Harry Markopolos: 9780470919002: Amazon.com: Books

I'll give you the cliff notes: There are a whole lot more Bernie Madoffs out there.
Oh, I know. Everyone I tell his rate of return says that. But in this case, this was my spouse's best friend from high school, who is incredibly ethical and I would trust him with my life. There have been articles written about him, he's been offered a hedge fund (refused), and also has refused to take new investors, including our son, for years. Most importantly, though, we follow every single trade he does on TD Ameritrade, and have full access to our money and all information. So he truly is for real. I hope he lives a very, very long time....selfishly.

I wish he could have taken over our 401K's instead of having us flounder with them. We would have been retired by now.
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