But what if our clients were introduced to any of the smooth talking, real life characters that Pat displays in his book? We discussed some of the local ponzi schemes that had taken place over the years. I am not responsible for any of the comments posted by readers or the contents of any linked websites. For more than ten years before he was caught running a scam in in Dubai we talk about him in the vigilant and. Book Review: The Vigilant Investor A few months ago I got a phone call from a young lady asking me to purchase a book to give to my clients. First of all they're going to be harder to spot just because technology makes it so much easier.
The script for talking to older parents about money was particularly good, and while it will be a couple years before I need to have those conversations with my own parents, maybe I can start having conversations with them now that won't make that such an awkward experience for both of us. This reality is scary to me. Now you can get everything on. Huddleston has appeared as an expert guest on television, most recently on Fox Business News and on Chicagos Monsters and Money. He has been quoted in the Wall Street Journal, the New York Times, the Washington Post, Kiplingers Personal Finance, and Wired magazine, among other publications. But the -- is interesting the bungle -- the Butler that we need to be even this out for. In my pleasure Stephanie so to start with the Bernie Madoff scandal because we just got some new headlines this week what -- Madoff employees recently admitted taking part in the Ponzi -- since the early seventies.
Educate yourself, and here's an excellent starting point: It's Pat Huddleston's book, The Vigilant Investor. I am a self-educated investor and the contents of this blog reflect my personal investing strategy, thoughts, and decisions, which may not be appropriate for other investors. They do everything right they live a very flamboyant lifestyle they are the person that you believe. From my prospective the book is filled with dark stories of greed and deception. I mean they have a lot of successes but this was one big failure and I think they've changed. I'm probably pretty safe, given that we're currently only investing in target date funds instead of individual stocks, but I learned from this book how truly simple it is for a rogue broker to take advantage of even that situation. Next we've got people who everybody remembers that number that they thought they needed in order to retire.
My investing decisions do not constitute recommendations or advice. Even though the author talks a bit about the science of financial decision-making and why people fall prey to investment fraud, a recurring thought in my mind as I read the book was that many of the scams and con artists could have been avoided if the victims had just a basic understanding of investing and used some common sense. One of my favorite parts of the book is where Pat says he hopes that a broker someday will be able to tell his prospects the unvarnished truth about annuities. To feel like the safest place for your money is under -- actress. Evidence of legitimacy that you're actually running into somebody who's given you confirmation what you the person you might be running into.
For other enquire please call +254-729-829-697 Thank you for your patience and understanding. As the conversation progressed, I discovered that the author, Pat Huddleston, and I have a common acquaintance. Huddleston's examples help simplify these complex issues. What I find interesting -- you -- your book that it's because of the Madoff scheme that investment scams will now be harder. He then goes into the securities industry and why the existing oversight infrastructure often fails to protect investors from scammy brokers. How we perceive and process information in the investment context it turns out that we are almost pre wired.
With Safari, you learn the way you learn best. Both go after bad financial advisors for a living. If it sounds too good to be true, then it usually is. The book ends with a focus on watching out for the baby boomers who are now the most likely to be scammed out of their retirement savings as they get older. Is you know -- in the scam somebody who was in place just be there when you called -- try to seek confirmation. I am not an investment professional or a licensed financial advisor.
This book is written for the smart layperson - someone who has enough money to invest a little, but who is not only clueless about the prospect but embarrassed to admit that he or she is clueless. Joining us was Mike Bishop also an accomplished securities attorney here in Atlanta. What are the warning signs pat. With gripping stories of actual cases, Huddleston sheds light on the dark corners of the investment industry and teaches investors and professionals alike how to spot fraud and guard themselves against financial catastrophe. Library of Congress Cataloging-in-Publication Data Huddleston, Pat.
Securities and Exchange Commission in 1990 as an Enforcement Attorney. This list that you talk about in your book and the first is the career criminal which you've just mention. But nobody remembers it and they want to get to that number still and so they are susceptible to folks who say -- -- can still get to to that retirement you always dreamed up. Not just filed away as a reference and resource, but read and read again. He blogs on investment scams and investor protection issues every weekday at investorswatchdog. To be susceptible to this kind of thing it's not that people are gullible or greedy or stupid it's that they're just human. Is how often these big scams are joint productions that these people have cohorts folks who help them.
The last place that any financial advisor wants to find himself is with a securities attorney. Take some time to read and protect yourself. Making sound investments is tough enough without having to worry about unscrupulous financial advisers and outright frauds. With its unique look into the science of financial decision making, the book blows up the popular myths and simplistic do's and don't of investing while sharing techniques anyone can use to perform due diligence even better than the experts. And so their people out there who tell you they're great asset managers that the great stock pickers and they actually believe that they have a lot of confidence in that. And investors like -- perhaps not knowing the difference.