They say it’s better to learn from others’ mistakes than to have to go through the agony of learning the hard way. So we wondered what can be learned from some of the biggest investing mistakes in history. In recent years, we’ve seen plenty of Wall Street scams fall apart. Many of these scams have bilked investors out of billions of dollars. #-ad_banner-# We’d like to say that those who have been duped deserve their fate. After all, some of them are… Read More
They say it’s better to learn from others’ mistakes than to have to go through the agony of learning the hard way. So we wondered what can be learned from some of the biggest investing mistakes in history. In recent years, we’ve seen plenty of Wall Street scams fall apart. Many of these scams have bilked investors out of billions of dollars. #-ad_banner-# We’d like to say that those who have been duped deserve their fate. After all, some of them are so amateurish or commonly known now that it makes you wonder how anyone could fall for them anymore. (Take the Nigerian email scam, for example.) However, the reality is that some of these scams are rather sophisticated. They often appear to be official or legitimate. And many of them succeed for years. And yes, even you might fall for a scam, no matter how careful you are. But to reduce the chances of being taken in by a Wall Street scam, here is a rundown of the five biggest Wall Street scams, and what… Read More