In my opinion this ought to be something - Page 2 - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

Indy Coug · 06-15-2007, 03:01 PM

Quote:

Originally Posted by TheSizzle36

That is very true. A lot of the responsibility falls on the investor. While the two men 'promised' or 'guaranteed' returns of 30%, can you really 'guarantee' a ROI?

No one can "guarantee" a return, other than the government, who has never defaulted on their securities.

BYU71 · 06-15-2007, 03:05 PM

early. Take the 3month treasury stated return. After you find out what that is, the further you get away from it to the upside, the greater your risk will be.

That is not to say the risk is worth taking, but it at least gives you a start or idea as to how much risk you are taking.

Archaea · 06-15-2007, 04:24 PM

Remember the axiom, "you cannot con an honest man"?

BlueK · 06-15-2007, 05:26 PM

Quote:

Originally Posted by BYU71

the scam. While I have compassion for a person who gets taken like this, I place the blame on him too.

If you wanted to be an unethical investment advisor you could always rely on two things to get people to invest. Fear and greed.

I don't feel real bad for the Enron employees either. They were all quite happy when their stock skyrocketed. Do you think if any of them had of sold, they would have given the money back because they found out it rose on falsehoods.

Wasn't one of the problems with Enron's 401k that they were not allowed to trade in the company stock for other things?

BYU71 · 06-15-2007, 05:30 PM

My point was if they were allowed too and had sold at the top. How many of them do you think would be trying to find the people that got screwed by them selling at the top.

They kept buying the greed propaganda put out by management.

Maybe I shouldn't be so callous. A lot of people got hurt. However, sometimes it gets to me when people who were getting huge returns then cry when they find out something was wrong. If you are getting unusually large returns, you need to watch out. IMHO

Indy Coug · 06-15-2007, 06:47 PM

Furthermore, there have been more than enough cautionary tales about this type of deal in the news over time that people should be aware enough not to fall victim to this type of scam anymore.

Does anyone still get suckered by the Nigerian email con?

Insensitive PAP · 06-18-2007, 06:43 AM

Who refinances their house and puts the equity into a high risk "investment"?

il Padrino Ute · 06-18-2007, 06:50 AM

Quote:

Originally Posted by Insensitive PAP

Who refinances their house and puts the equity into a high risk "investment"?

Agreed.

PT Barnum was right. There's one born every minute and with the birth rate in Utah higher than the national average we can assume that that there's one born every 45 seconds or so.

nikuman · 06-18-2007, 11:49 AM

Quote:

Originally Posted by BlueK

Wasn't one of the problems with Enron's 401k that they were not allowed to trade in the company stock for other things?

The problem with Enron's 401k is that it was largely in company stock at all. Fund managers were instructed to push Enron's own stock as hard and as heavily as they could - rank-and-filers were guilt tripped for "not believing in the company" if they invested elsewhere.

Indy Coug · 06-18-2007, 12:16 PM

Quote:

Originally Posted by nikuman

The problem with Enron's 401k is that it was largely in company stock at all. Fund managers were instructed to push Enron's own stock as hard and as heavily as they could - rank-and-filers were guilt tripped for "not believing in the company" if they invested elsewhere.

That may be true, but I guarantee you many, if not most of Enron employees loaded up on company stock simply because they could get a better return with it than with any other fund option they had.

As a former employee of Conseco, one of the largest Chapter 11s in US history, I can tell you that many people there also fell victim to the same temptation.

http://www.buzzle.com/editorials/12-19-2002-32508.asp

06-15-2007, 03:05 PM	#12
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	I adopted a little rule of thumb early. Take the 3month treasury stated return. After you find out what that is, the further you get away from it to the upside, the greater your risk will be. That is not to say the risk is worth taking, but it at least gives you a start or idea as to how much risk you are taking.

06-15-2007, 04:24 PM	#13
Archaea Assistant to the Regional Manager Join Date: Aug 2005 Location: The Orgasmatron Posts: 24,338	Remember the axiom, "you cannot con an honest man"? __________________ Ἓν οἶδα ὅτι οὐδὲν οἶδα

06-15-2007, 05:30 PM	#15
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	Yes, that was a problem My point was if they were allowed too and had sold at the top. How many of them do you think would be trying to find the people that got screwed by them selling at the top. They kept buying the greed propaganda put out by management. Maybe I shouldn't be so callous. A lot of people got hurt. However, sometimes it gets to me when people who were getting huge returns then cry when they find out something was wrong. If you are getting unusually large returns, you need to watch out. IMHO

06-18-2007, 06:43 AM	#17
Insensitive PAP Member Join Date: Jan 2006 Posts: 293	It's amazing how many suckers there are out there Who refinances their house and puts the equity into a high risk "investment"?

06-15-2007, 06:47 PM	#16
Indy Coug Senior Member Join Date: Jan 2006 Location: Between Iraq and a hard place Posts: 7,569	Furthermore, there have been more than enough cautionary tales about this type of deal in the news over time that people should be aware enough not to fall victim to this type of scam anymore. Does anyone still get suckered by the Nigerian email con?