Basically everything is a pyramid scheme.
Spoiler alert.
This show makes me think I should never invest with anyone. All pyramid schemes.
That's not too far from the truth
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MovieChat Forums > American Greed (2007) Discussion > Basically everything is a pyramid scheme...
Dont invest with any single person. Only invest with established banks, investment companies, etc. although some of these have benn crooks too. Never invest if you are promised any rate over about 5% per year, those that promise something like 10% per month are scams.
shareNever invest everything you have to one person or company either. I invested my $2M retirement nest egg with these guys and lost everything.
Uh, have you ever heard don't put all your eggs in one basket?
Investing period is frightening, especially via financial advisor & the investment company they represent.
People need to watch this informative show. Many investors are uninformed & naive.
I'm amazed so many complete idiots have a lot of money. Who in their right mind thinks it's kosher that some guy who's not established with a big, well-known, company can without question offer 15-25% interest just like that?
look at me, im hot http://www.salon.com/sept97/mothers/obese970922.gif - stephcha
Ha. That's right. Of course, most American millionaires have no experience actively investing in markets. Medical doctors could be bad with money too. Lawyers fall into debt. (Maybe not accountants and tax lawyers.)
As for experience investors, they must think Mr. X has some brilliant strategy or computer program. It's like how smart people play the lottery too.
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