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A Ponzi scheme Story

Ponzi scheme

In the last one year I had seen numerous people asking me, “Is this is possible ?”

8% returns per month and in a year, your capital gets doubled.

You are shown proofs of contracts from Stock market and it is said as legitimate being done through – Futures & Options

Only few of the people are successfull by doing this F&O and there are many who fail and lose their money in search of quick returns

All Ponzi schemes works in this way – First few people will show the profits and they will be asked to bring in more people. Money from the first set of people will be shared with the second set of people. This process repeats until they see huge profits and wind up this business

In this Stock market returns also, huge profits without losses and consistent returns for the last few years – “No frills”

I strongly go by this quote by my master,
“Only when the tide goes out do you discover who’s been swimming naked” – Warren Buffet

More than returns Avoiding stupidity is the number trait in investing as said by Charlie Munger as well

” Bernard Lawrence Madoff was an American fraudster and financier who ran the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDAQ stock exchange ” – Read about him in Wikipedia

Stock market is the place where it can help you to create wealth if you treat it for long term.

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