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A major story that made the rounds within the financial media last month was Jim Cramers (of-the Street.com) statement that some hedge fund managers spread false rumors about a business to the media and large trading companies to drive a stock price lower. For another way of interpreting this, we know people gander at http://linkemperor.com. He said this practice is illegal, but easy to do 'since the SEC [Securities Exchange Commission, the U.S. regulatory body] doesn't understand it.' Moreover, the acutely wealthy former hedge fund manager featured, Whats important when you're in hedge fund mode, says Cramer, would be to not do any such thing remotely genuine, since the truth is indeed against your view. For all those of you that remain skeptical about the fraudulent practices of investment professionals and organizations, probably an associates entry will finally tell you. Is beyond me why these reports also make big headlines. As Ive been saying for many years that the investment industry is saturated in investment specialists, everyone from financial consultants to private wealth managers to professional money managers, hard at work weaving the emperors new clothes, a former industry expert myself. However, only if a huge mouth like Cramer speaks of the dishonesty that netted him great success does it attract attention. For those of you unfamiliar with the fantasy The Emperors New Clothes let me summarize it for you. Sometime ago in a kingdom, there lived an emperor whose vanity was famous. Two swindlers, Luigi Farabutto and Guido, knew that they can capitalize on this emperors character flaw to create a big pro-fit. They approached the emperor and told him that they'd sew him the best possible suits of an extremely expensive special fabric that would be invisible to everyone that was ridiculous or of low character. The emperor, fearing that he wouldn't be able to see the clothes, sent two of his men to go see the matches. The men came back, and afraid to share with the emperor they could not see the garments, told the emperor the suits were the most beautiful suits they'd ever seen. If the emperor went to see the Farabuttos, understanding that his servants were in a position to see the clothes, he did not want to acknowledge that he could not see the clothes for fear of being considered stupid and of low character. So he proceeded to permit himself to be dressed in non-existent clothes to get a parade through town and proceeded to go through town in his underwear. When he discovered a young boy that said and pointed at him, But he has no clothes, only then did the emperor realized that he'd been swindled. It's wonderful if you ask me that many buyers, even those with millions at investment businesses, really think that their advisor or their agency has their best interests at heart. In-fact, within my set 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 is very, very rarely the case. Of course, everybody else thinks that their counselor or financial consultant is the one guy or gal at their organization that really cares about their financial security. If only they can spend just 1 day in the trenches using their counselor, they'd 999 times out of 1,000, experience a totally different story. Sick relay another technique I found out about a top financial consultant at a top Wall Street firm that will get your attention. This dazzling linkemperor.com article has diverse tasteful aids for the inner workings of it. This leading economic guide maintained several million-dollar accounts. Just how he would get wealthy investors to trust him was to demonstrate to them his ability to pick stocks that performed extremely well. To do this, he would look for a very thinly traded stock that traditionally was very risky. He'd pay for a list of high net worth clients, contact twenty people on that list and tell them he was a top economic consultant at his company. Of course, this could not have the attention of the rich people simply because they did not know him from Adam. Knowing they'd be hesitant to hand their money to him and begin a relationship with him, he'd accept their reservations. He would then proceed to ask them to publish the name of this stock that he had researched on the bit of paper. He would then tell these 10 people that his stock finding technique was so good that he was 100 sure that if they dedicated to this stock, they'd produce a healthy pro-fit in a brief period of time. Then he would take another 10 people on the list, repeat this scam, but rather, tell these 10 people that he was 100 certain that they would make lots of money from this stock if they bought put options on this stock. Then he would wait many weeks before stock moved 25-pip roughly. He'd call the 10 people that he told he was hundreds of sure they'd make a lot of money from purchasing the stock, If the stock obtained. If the stock lost 25 or so, he would ignore the 10 wealthy individuals he promised would make plenty of cash by purchasing this stock and call the 10 people he told to short the stock. When he called these people they were surprised that he was right regarding an investment that they had never heard of, and many decided to give a lot of money to him. I tell you this story because plans like this, made to make it look as though these investment professionals, and I use this expression really carefully, really know what they are doing, when the truth is, they are trying to sell only emperors clothes to you. The truth is if you've been reading my websites for some time now, you realize that the strategies of low volatility, resource allocation, and diversification are all only emperors clothes as-well. Visiting link empereor probably provides suggestions you can give to your friend. Though they might sound good for you, thats just what the most effective of all income techniques complete. They're designed therefore well that they cause you to feel comfortable and in charge. The top emperors clothes provide customers minus the customers also recognizing they were highly selected targets. Just research our Educational resources and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to find why all of the most commonly known investment strategies to-day are simply emperors clothes. My estimate of the percent of specialists that weave emperor clothes every day handy to buyers is 999-year. To ensure that upon presentation to you, they look like the finest financial strategies created especially for you, their finest clients they incorporate strategies, marketing strategies, and sales strategies in complex ways. Only ultimately, these methods leave you financially bare, so much so, that even kiddies with no level of sophistication, could comment upon seeing these investors that so willingly let them-selves be studied for a drive, But he has no wealth. In-fact, just last week, I read this report with statements from the CEO of the company that handles the accounts of some of the people in America in what it will take to truly build wealth. Many of his statements, however emperors clothes reasons that most of the people accept as truth, were so ridiculous that I laughed aloud, knowing that he had been able to weave emperors clothes for the top-tier of wealthiest consumers in America. Don't get me wrong, it's not that in my opinion that everyone available is out to con you out of your hard earned cash. There are several really good, honest people in the business. However, on account of how companies compensate their financial consultants, this much is inevitable. Dig up supplementary information on our favorite partner article directory by visiting in english. There will come a time, and almost certainly repeatedly, when a consultant will have to make a choice between you and himself/herself. Which means the consultant will have to choose between doing the absolute most useful thing for you and doing some thing not as good for you but better for her or his pay. And having been in the business, I know plenty of instructors that chose the latter often and rarely any at all that chose the latter infrequently. Always remember Jim Cramer, some one that built approximately fortune of 100 million by adjusting wealthy customers, reported, Whats crucial when you are in hedge-fund setting, is never to do anything remotely truthful, because the truth is so against your view. And if you read Cramers record again, know that this thinking predominates among almost all investment business professionals, not merely Jim Cramer..