How is anyone to trust the stock markets again when you consider that this huge, supposedly reputable bank has been scamming its investors for around TEN YEARS???!!!!
I feel like the best bets these days to not end up homeless and penniless in your old age after investing money all your life that you could have just PARTIED and enjoyed yourself with and had the same result...are investments in real estate and entrepreneurship! I'm serious! Unless you're investing in something real that's used in everything like GOLD and SILVER, it just doesn't make sense for the average Joe to jump back on the investment bandwagon. Houses can lose value yes, but at least at the end of the day you can live IN it while toughing out the mortgage payment! You can't go live in the fluctuating value of stocks and bonds and the real money in those is really made with the IPO (initial public offering)...which, coincidentally, is not quite as available to "the public" as you would think from the name.
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News Alertfrom The Wall Street Journal
For a decade, Grant Wilson toiled on a small trading desk at Bank of New York Mellon Corp. inPittsburgh, buying and selling currencies for the bank’s biggest clients. For the last two of those years he was also a secret whistleblower, assisting currency-trading investigations of BNY Mellon.
His input culminated with the filing last week of separate civil lawsuits by the Justice Department in federal court and New York attorney general in state court alleging that BNY Mellon systematically overcharged investors on billions of dollars of currency trades, defrauding or misleading them for a decade.
http://online.wsj.com/article/SB10001424052970203499704576623210606537564.html?mod=djemalertNEWS
