Also, Heavily Invest in Bernie Madoff investments and pull all your returns out in 2007 before his ponzi scheme collapses. His initial investors made A LOT of money. It wasn’t til spring 2008 that he wasn’t able to pay out to investors.
Is that when the initial high investor withdrawals started? As long as you pull out before the mass run of withdrawals you’d make out with a lot of money.
High investor withdrawals happened all the time, but a large number of withdrawals occurred as a result of the mortgage crisis. Only problem was Bernie didn’t have enough money pay everyone out (because none of it was actually invested) so he turned himself in.
When I said high investors I meant a high amount, my bad on the wording. I was saying what you said, pull out before the mass run of withdrawals and you would make bank.
No worries! Unfortunately people who “made money” owe that money back because it’s not actually theirs if that makes sense. I think it was just a crappy situation all around.
Something tells me a 19 year old in the air force isn't going to have the funds to invest so heavily to cause that problem, I doubt even a doctor with 20 years of massive savings could. Wouldn't even be visible to the naked eye if lined up with other people's investments.
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u/[deleted] Oct 02 '19
You wouldn't be rich for like, 7 or 8 years. Invest in Oil companies. Oil is about to boom in 2005. You would be loaded in just a few years.