Larson

Lessons from the Madoff Scandal: Deciding Which Funds Are Worth an Investment

The author of this article is the best salesman of them all.

Since he works in the industry, he completely neglects to mention that hedge fund fees completely wipe out any "edge" one investment strategy has over another -- not to mention the double fees paid if investing in a fund of funds are an idiotic complete waste of money.

Sure, there's always the one 90% up fund when everything else is way down, as the author of this article mentions, but people win lotteries every day too. Does that mean that diversifying by purchasing lottery tickets in every state is a good idea too?

Diversification is important, but just as important is investing in NO FEE or VERY LOW FEE investment products like those sold by Vanguard and many other big fund companies.

I'm sick and tired of all the lies and hype that guys like this writer force feed down our throats every chance they get.