Do your homework on money managers Gail MarksJarvis
Avoid safety in numbers.
Seeking the easiest approach possible, many busy investors turn to an adviser simply because a friend has been happy with the person. But people can be happy for the wrong reasons. Madoff supposedly delighted clients with seemingly consistent returns, apparently avoiding the downturns in the market.
You might not be able to protect yourself from a masterful fraud, but most investors fail to do the simple checks that will Read the rest of this entry »