Avoiding Ponzi Schemes with Strategic Moves

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Imagine…you’ve saved for years to create a nest egg to carry you through retirement.  You’re no Rockefeller, but you’ve done well… if only it was just a bit more, you think, you could be set for everything you need and want in your Golden Years. At about this time, a friend gets in touch with a great idea that’s already made her money, just about the same sum you were looking to add to your hard-earned retirement fund. It’s working for her, so you decide to make an investment. I always say, “If it’s too good to be true, it probably is.”

Cary Carbonaro discusses how to avoid a ponzi scheme.