True or False - The Stock Market is a Scam

[KharmaTrain]

13. The Madoffs Were Offering Far More Than 5% a Year...

...many of their funds were offering 10-15% or higher. I sat through a proposal for one of those funds that, at the time, was clipping at 19% and the pitch was its track record and how many others have invested in it. I asked about how such a fund could crank at such a high level and I was told, it's all good...how could it not be with so many people involved. It sure sounded like a ponzi scheme at the time and I'm glad I walked from it, but I'm sure the pitch put a lot of dollar bills and stars in many gullible eyes. The Barnum rule of a fool and his money always apply when dealing with brokers and "financial planners".

Yep, putting money strictly in the market in total gamble but smart investors are diversified and these days a 5% return is not too much to expect...