A big story that made the rounds inside the monetary media last month was Jim Cramers (of-the Street.com) statement that some hedge fund managers spread false rumors about a business to the media and large trading desks to drive a stock price lower. He said this practice is illegal, but simple to do ‘because the SEC [Securities Exchange Commission, the U.S. regulatory body] doesn’t understand it.’ Moreover, the acutely rich former hedge fund manager featured, Whats important when you’re in hedge fund method, says Cramer, is to not do any such thing remotely sincere, as the fact is so against your view. For all those of you that remain skeptical about the deceitful techniques of companies and investment experts, maybe an insiders entry may finally persuade you. Is beyond me why these reports even make big statements. As a former industry core myself, Ive been saying for years that the investment industry is full of investment experts, everyone else from economic consultants to private money managers to professional money managers, hard at work weaving the emperors new clothes. Nevertheless, only if a big mouth like Cramer speaks of the dishonesty that netted him great wealth does it attract attention. For those of you not familiar with the fantasy The Emperors New Clothes allow me to summarize it for you. Long ago in a kingdom, there lived an emperor whose vanity was famous. Two swindlers, Luigi Farabutto and Guido, knew that they could capitalize on this emperors character defect to create a large pro-fit. They approached the emperor and told him that they would sew him the best possible suits of a very costly special fabric that would be invisible to anybody that was ridiculous or of low character. The emperor, fearing he wouldn’t be able to see the garments, sent two of his men to go see the suits. The men came ultimately back, and afraid to inform the emperor they couldn’t see the garments, told the emperor the suits were the most beautiful suits they’d ever seen. Once the emperor went to see the Farabuttos, knowing that his servants have been in a position to see the clothes, he did not wish to admit that he couldn’t see the clothes for fear of being considered stupid and of low character. So he proceeded to permit herself to be dressed in clothes for a march through town and proceeded to go through town in his underwear. When he came upon a boy that said and pointed at him, But he’s no clothes, only then did the emperor understood that he had been conned. It is incredible if you ask me that many buyers, even individuals with millions at investment firms, really believe that their specialist or their organization has their best interests at heart. In reality, in my set of 101 Reasons Why Managing Your Personal Money is the Only Solution to Build Wealth at http://www.smartknowledgeu.com, Ive given 101 reasons to readers why this really is very, very seldom the case. Naturally, every one thinks that their counselor or financial consultant could be the one guy or gal at their organization that actually cares about their financial security. They would 999 times out of 1000, watch an entirely different story, If only they could spend just 1 day in the trenches using their consultant. Sick relay yet another strategy I found out about a top economic expert in a top Wall Street firm which should get your attention. This leading economic consultant managed many million-dollar accounts. Just how he’d get wealthy investors to trust him was to demonstrate to them his ability to choose stocks that performed extremely well. To do this, he would look for a very thinly traded stock that historically have been very risky. He would purchase a list of high net worth clients, call ten people on that list and let them know he was a top economic consultant at his company. Of-course, this may not obtain the attention of the wealthy people because they didn’t know him from Adam. Knowing they’d be hesitant to hand their income to him and commence a relationship with him, he would acknowledge their concerns. He would then proceed to ask them to publish the name of this stock that he’d researched on the piece of paper. He would then tell these 10 people that his stock buying system was so great that he was 100% certain that if they dedicated to this stock, they would make a healthy profit in a brief period of time. Then he would take the following 10 people on the record, repeat this scam, but instead, tell these 10 people that he was 100% sure that they would make a lot of money from this stock if they purchased put options on this stock. Then he would wait weeks before stock moved 25 percent roughly. When the stock received, he would call the 10 people that he told he was a large number of sure they’d make lots of money from buying the stock. He would just forget about the 10 rich individuals he promised would call the 10 people he told to short the stock and make lots of money by purchasing this stock, if the stock lost 25% or so. They were amazed that he was right regarding a stock that they had never heard of when he called these individuals, and many agreed to give a lot of money to him. I tell you this story because techniques like this, designed to make it appear as if these investment professionals, and I use this term really carefully, really know what they’re doing, when in-fact, they’re attempting to sell simply emperors clothes to you. Actually if you’ve been reading my websites for some time now, you realize that the methods of low volatility, resource allocation, and diversification are typical just emperors clothes as-well. Although they may sound good for you, thats just what the top of all revenue techniques accomplish. They are designed so well that they make you feel comfortable and in control. The top emperors clothes promote customers with no customers even recognizing that they were highly selected targets. Only research our Educational resources and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to find why most of the most widely known investment methods to-day are nothing more than emperors clothes. My estimate of the per cent of professionals that weave emperor clothes every single day handy to buyers is 99%. They place plans, marketing strategies, and income strategies in complex ways in order that upon presentation to you, they look like the finest economic strategies designed specifically for you, their finest consumers. Only in the long run, these techniques keep you financially naked, so much so, that even kids with no economic level of complexity, would comment upon seeing these people that so willingly let themselves be taken for a trip, But he’s no money. This majestic link emperor wiki has diverse offensive warnings for the inner workings of it. In-fact, only last week, I read this article with claims from the CEO of a company that handles the accounts of some of the richest people in The Us in what it will take to seriously build wealth. A lot of his statements, nevertheless emperors clothes arguments that most people accept as fact, were so ridiculous that I laughed aloud, knowing that he had been able to incorporate emperors clothes for your top tier of wealthiest consumers in America. We discovered webaddress by browsing the Boston Star-Tribune. Do not get me wrong, it’s not that I believe that everyone available is out to scam you out of your wages. There are several truly good, honest people in the business. Nevertheless, due to how companies pay their financial experts, that much is inevitable. There will come a time, and most likely many times, when a expert will have to make a choice between you and himself/herself. Which means that the specialist must choose between doing the absolute most useful thing for you and doing something much less good for you but better for his or her pay. And having been in the business, I know lots of professionals that chose the latter often and seldom any at all that chose the latter rarely. Always remember Jim Cramer, some body that created an estimated fortune of $100 million by adjusting rich consumers, mentioned, Whats crucial when you’re in hedge fund style, is never to do any such thing remotely honest, as the fact is really against your view. And if you read Cramers record again, realize that this mentality predominates among almost all investment industry experts, not merely Jim Cramer..