Though I wrote of this here, https://josiahe.wordpress.com/2008/12/18/wall-street-and-the-mafia/ this is not the most common snare meant to cut you and your family off at the knees …..
And NO! The most common trap, is not the Madoff Ponzi type schemes. The most common bear traps out there for investors is deception of investors. Corporations investing in their own stock, driving up the selling price, manipulating the bottom lines, moving assetts from one corporate entity to another, hedge funds buying into one stock to suck other investors in ……
All these, and many more I’m not aware of, are meant to suck the unwary investor into putting up his savings.
You’ve seen what’s happened and I’m not saying this is not a good time for some short-term investments, but you won’t find me investing! But then I learned long ago ……
there’s nothing wrong with hard work!
there’s nothing wrong with investing in oneself!
there’s nothing crazy about knowing who my provider is!
there’s nothing wrong with investing – IF – it’s done wisely, and with only what one and one’s loved ones can afford to loose.