Richard Crenian Blogs
16-Mar-09
“Promises, Promises!”
The next time someone promises you a an offer of a “guaranteed rate of return” on your money, and it is more than 8 per cent, head for the hills!!
That is a scam…………Really who offers more than 8 per cent guaranteed these days?
1. scammers
2. ponzi artirts
3. and fraudsters!!
You would think we know this for a fact now. But if greed is good, today greed WAS good. Imagine that!
When has anyone ever thought you could make a big score with your money and that indeed you need not earn your money the old fashion way, by hard work? Who would have thunk (sic) it?
Government bailouts what a joke! How has it helped you? Mutual Funds, Hedge Funds and the Stock Markets are described best by Jimmy Buffet (of Margarita fame), “Can't you feel them circling, honey? Can't you feel them swimming around? You got fins to the left, fins to the right, And you're the only bait in town!”
How you would ever put your money in with those gamblers and hucksters ever? Till the day you die? God help you if you do……
Jon Stewart (of the Daily Show )interviewed, “Mad Money Kramer” of the CNBC show…….I love it! He asked Kramer (graduate of Harvard) where he ever thought he could have recommended Bears Sterns just before it hit the dust??
Someone has to be accountable!
http://www.thedailyshow.com/tagSearchResults.jhtml?term=Jim+Cramer
Be more like Howard, plan, don’t be greedy, start slow and secure and at the end the tortoise always wins the race. And Howard? He’s golfing having a nice time in Tucson. Phone him and ask him what he’s shooting these days? 403 630 4544!
Richard Crenian
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