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A major story that made the rounds within the monetary media last month was Jim Cramers (of-the Street.com) statement that some hedge-fund managers spread false rumors about an organization to the media and large trading agents to drive-a stock price lower. He said this practice is illegal, but simple to do 'because the SEC [Securities Exchange Commission, the U.S. regulatory body] doesn't understand it.' Furthermore, as the fact is really against your view, the extremely rich former hedge fund manager boasted, Whats important when you're in hedge fund function, says Cramer, will be to not do such a thing remotely honest. For all those of you that remain skeptical regarding the fraudulent techniques of investment professionals and businesses, perhaps an associates entrance will finally convince you. If you think any thing, you will certainly fancy to discover about Build Links And Popularize Your Site Events Eventbrite. Why these reports also make big statements is beyond me. As a former industry core myself, Ive been saying for decades that the investment industry is filled with investment specialists, every one from financial consultants to private money managers to professional money managers, hard at work weaving the emperors new clothes. However, only when a large mouth like Cramer speaks of the dishonesty that netted him great wealth does it attract attention. Learn further on analysis by going to our striking encyclopedia. For those of you not familiar with the myth The Emperors New Clothes let me summarize it for you. Way back when in a kingdom, there lived an emperor whose vanity was renowned. Two swindlers, Guido and Luigi Farabutto, knew they can capitalize on this emperors character flaw to make a large pro-fit. They acknowledged the emperor and told him that they would sew him the best possible suits of a really high priced special fabric that would be invisible to everyone that was ridiculous or of low character. The emperor, fearing he wouldn't manage to see the clothes, sent two of his men to go see the matches. The men came ultimately back, and afraid to tell the emperor they couldn't start to see the clothes, told the emperor that the suits were probably the most beautiful suits they'd ever seen. He did not want to acknowledge that he couldn't see the clothes for fear of being considered foolish and of low character, when the emperor went along to see the Farabuttos, knowing that his servants was in a position to see the clothes. Therefore h-e proceeded to allow herself to be dressed in non-existent clothes for a march through town and proceeded to walk through town in his underwear. When he came upon a young boy that pointed at him and said, But he has no garments, only then did the emperor understood that he had been conned. It's incredible to me that many buyers, even individuals with millions at investment businesses, really think that their consultant or their agency has their best interests at heart. In reality, 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 101 reasons to readers why this really is very, very seldom the case. Naturally, everyone else thinks that their advisor or financial consultant is the one guy or girl at their agency that really cares about their financial security. They would 999 times out of 1,000, watch a totally different story, only if they can spend only 1 day in the trenches with their consultant. Ill exchange yet another method I heard about a top financial consultant in a top Wall Street firm that should get your attention. That leading financial specialist maintained many million dollar accounts. The way he'd get wealthy investors to trust him was to demonstrate for them his ability to select stocks that performed phenomenally well. To accomplish this, he would locate a very thinly traded stock that traditionally had been very volatile. He'd pay for a list of high net worth customers, call five people o-n that list and tell them he was a premier financial expert at his company. Obviously, this could not obtain the attention of those rich people because they didn't know him from Adam. Knowing they would be hesitant to begin a relationship with him and hand their money to him, he would recognize their reservations. He would then check out keep these things write the name of this unstable share that he had investigated on a bit of paper. He'd then tell these 1-0 people that his stock selecting technique was so great that he was 100 certain that if they dedicated to this stock, they'd make a healthy pro-fit in a short period of time. Then he would simply take the next 10 people on the list, repeat this scam, but instead, inform these 10 people that he was 100 sure that they would make a lot of money from this stock if they bought put options on this stock. Until the stock moved 2500-3000 or so then he would wait many weeks. If the stock acquired, he would call the 10 people that he told he was 100 certain they would make a lot of money from purchasing the stock. Learn further on this affiliated paper by clicking PureVolume™ We're Listening To You. If the stock lost 25 approximately, he would just forget about the 10 rich individuals he stated would make plenty of cash by purchasing this stock and call the 10 people he told to short the stock. If you think anything at all, you will perhaps claim to discover about routebean71's Profile Armor Games. They were astonished that he was right regarding an investment that they'd never heard of when he called these individuals, and many agreed to provide a lot of money to him. I tell you this story because plans like this, designed to make it look as if these investment experts, and I use this expression really softly, really know what they're doing, when in reality, they are trying to sell only emperors clothes to you. The truth is if you've been reading my sites for some time now, you know that the methods of resource allocation, diversification, and low volatility are all just emperors clothes as-well. Although they could appear great to-you, thats precisely what the most effective of all sales methods accomplish. They are made so well that they allow you to feel comfortable and in control. The most effective emperors clothes offer customers minus the customers even knowing they were highly selected objectives. Only research our Down the Rabbit Hole and Educational sources articles at http://www.theundergroundinvestor.com to discover why every one of the best known investment methods today are simply emperors clothes. My estimate of the per cent of specialists that weave emperor clothes every single day at hand to buyers is 99. To ensure that upon presentation to you, they appear to be the finest economic strategies created especially for you, their finest consumers they weave strategies, marketing strategies, and sales strategies in complex ways. Only ultimately, these strategies leave you financially bare, so much so, that even kids with no level of sophistication, would comment upon seeing these people that so willingly let themselves be used for a ride, But he has no money. In reality, just last week, I read this report with statements from the CEO of the organization that handles the records of a few of the people in The Usa about what it takes to genuinely create wealth. Many of his claims, however emperors clothes arguments that most people accept as truth, were so foolish that I laughed out loud, knowing that he had been able to weave emperors clothes for your top tier of wealthiest consumers in America. Don't get me wrong, it's not that in my opinion that everybody in the commercial is out to con you out of your hard earned cash. There are some really good, honest people in the commercial. Nevertheless, on account of how firms compensate their economic instructors, this much is certain. There will come a time, and probably several times, whenever a specialist will have-to make a decision between you and himself/herself. Which means that the consultant must choose between doing absolutely the best thing for you and doing something much less good for you but better for their income. And having experienced the business, I know lots of consultants that chose the latter often times and seldom any at all that chose the latter rarely. Bear in mind Jim Cramer, some body that built around fortune of 100 million by influencing wealthy clients, said, Whats essential when you are in hedge fund setting, is to not do such a thing remotely sincere, because the fact is really against your view. And when you read Cramers statement again, know that this mentality predominates among virtually all investment market professionals, not just Jim Cramer..