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A big story that made the rounds in the monetary media last month was Jim Cramers (of the Street.com) statement that some hedge-fund managers spread false rumors about a company to the media and large trading desks to drive-a stock price lower. He said this practice is illegal, but simple to do 'since the SEC [Securities Exchange Commission, the U.S. regulatory body] does not understand it.' More over, the exceptionally wealthy former hedge fund manager boasted, Whats crucial when you're in hedge fund mode, says Cramer, will be to not do any such thing remotely truthful, because the fact is so against your view. For anyone of you that remain skeptical concerning the deceitful methods of firms and investment professionals, probably an associates entry may finally tell you. Why these reports also make big headlines is beyond me. As a former industry expert myself, Ive been saying for years that the investment industry is filled with investment professionals, everyone else from financial consultants to private money managers to professional money managers, hard at work weaving the emperors new clothes. However, only once a huge mouth like Cramer speaks of the dishonesty that netted him great success does it attract attention. For those of you unfamiliar with the fantasy The Emperors New Clothes I would like to review it for you. Way back when in a fabled kingdom, there lived an emperor whose vanity was legendary. Two swindlers, Guido and Luigi Farabutto, knew they could capitalize on this emperors character defect to produce a large pro-fit. They acknowledged the emperor and told him that they'd sew him the best suits of an extremely expensive special fabric that would be invisible to anyone that was ridiculous or of low character. The emperor, fearing that he would not manage to see the clothes, sent two of his men to go see the suits. Browse here at the link linkemporor to discover the inner workings of it. The men returned, and afraid to share with the emperor they could not begin to see the clothes, told the emperor the suits were one of the most beautiful suits they had ever seen. Discover further on advertisers by browsing our astonishing paper. When the emperor went along to see the Farabuttos, understanding that his servants were in a position to see the clothes, he didn't wish to acknowledge that he could not see the clothes for fear of being considered foolish and of low character. So h-e proceeded allowing herself to be dressed in non-existent clothes to get a march through town and proceeded to go through town in his underwear. When he discovered a new boy that pointed at him and said, But he has no clothes, only then did the emperor realized that he had been swindled. It's remarkable to me that many investors, even those with thousands at investment companies, actually believe that their consultant or their organization has their best interests at heart. In fact, 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 readers 101 reasons why that is very, very rarely the case. In the event you claim to get extra resources on success, we know about many online resources people should think about pursuing. Of course, everybody else thinks that their counselor or financial consultant is the one guy or gal at their organization that actually cares about their financial security. They would 999 times out of 1,000, witness a completely different story, If only they can spend just 1 day in the trenches making use of their counselor. Sick relay yet another approach I found out about a top financial expert in a top Wall Street firm which should get your attention. That leading economic guide maintained several million-dollar accounts. The way in which he'd get wealthy investors to trust him was to show to them his ability to select stocks that performed phenomenally well. To do this, he'd look for a very thinly traded stock that traditionally were very volatile. He would pay-for a list of high-net worth customers, phone twenty people o-n that list and let them know he was a premier economic consultant at his company. Of course, this may not obtain the attention of those rich people since they did not know him from Adam. Knowing they'd be unwilling to hand their money to him and start a relationship with him, he'd know their reservations. He would then proceed to keep these things write the name of this unstable stock that he had explored over a piece of paper. He'd then tell these 1-0 people that his stock choosing system was so great that he was 100 sure that if they invested in this stock, they would make a healthier pro-fit in a short period of time. Then he would take another 10 people on the list, repeat this con, but rather, inform these 10 people that he was 100 certain that they'd make lots of money from this stock if they bought put options on this stock. Before the stock moved 25 approximately then he would wait weeks. When the stock acquired, he would call the 10 people that he told he was 100 sure they would make lots of money from buying the stock. If the stock lost 25 roughly, he'd forget about the 10 rich individuals he stated would call the 10 people he told to short the stock and make plenty of cash by buying this stock. They were astonished that he was right regarding an investment that they'd never been aware of when he called these individuals, and many agreed to provide lots of money to him. I tell you this story because systems like this, made to make it seem as if these investment experts, and I use this term really gently, really know what they're doing, when in reality, they are trying to sell simply emperors clothes to you. In fact if you've been reading my websites for a while now, you realize that the methods of low volatility, asset allocation, and diversification are typical just emperors clothes too. Although they might sound great for you, thats exactly what the very best of all sales strategies achieve. They're made therefore well that they allow you to feel comfortable and in charge. The very best emperors clothes provide customers minus the customers even knowing that they was highly selected goals. Just search our Educational methods and Down the Rabbit Hole articles at http://www.theundergroundinvestor.com to discover why every one of the most commonly known investment methods today are nothing more than emperors clothes. My estimate of the percent of professionals that weave emperor clothes every day handy to buyers is 99-years. To ensure that upon presentation to you, they seem like the finest economic strategies created especially for you, their finest clients they place schemes, marketing strategies, and sales strategies in complex ways. Only ultimately, these methods leave you financially naked, so much so, that even young ones with no financial level of sophistication, could comment upon seeing these investors that so willingly let them-selves be used for a trip, But he's no money. In-fact, just a week ago, I read this report with claims from the CEO of the company that manages the accounts of several of the people in The United States about what it will take to truly create wealth. Visit PureVolume™ We're Listening To You to compare the purpose of it. Many of his claims, nevertheless emperors clothes arguments that most of the people accept as truth, were so ludicrous that I laughed aloud, knowing that he had been able to place emperors clothes for your top tier of wealthiest consumers in The Usa. Do not get me wrong, it is not that in my opinion that everyone available is out to con you out of your hard earned money. There are several really good, honest people in the commercial. However, because of how firms compensate their economic specialists, this much is expected. There will come a time, and most likely many times, whenever a consultant will have to make a decision between you and himself/herself. Which means the consultant will have to choose between doing absolutely the most useful thing for you and doing something much less good for you but better for his or her paycheck. And having experienced the business, I know lots of professionals that chose the latter often times and rarely any at all that chose the latter occasionally. Bear in mind Jim Cramer, some body that developed an estimated fortune of 100 million by influencing rich customers, stated, Whats important when you are in hedge-fund setting, is never to do any such thing remotely sincere, since the fact is so against your view. And when you read Cramers record again, realize that this attitude predominates among virtually all investment business professionals, not merely Jim Cramer..