Wednesday, January 06, 2010

The red flags

Books of Account
How to Smell a Rat
Ken Fisher

Smart rats can cart your money out

The number one, biggest, reddest flag is when your adviser also has custody of your assets, cautions Ken Fisher in How to Smell a Rat: The five signs of financial fraud. No matter how goofy the strategy or tactics, if the adviser can't get to the money, you know they aren't using them to create a false front for fake performance while carting money out the back door, he explains.


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