Even legitimate investments sometimes turn out to be massive deceptions.
The subprime mortgage fiasco
Asset Backed Commercial Paper
Hedge funds with capped returns
BRE-X, YBM, Nortel
Milowe Brost -- 1,000's of investors >$100 million
You have to rely on your gut ... your sixth sense ... your own due diligence
"While the existence of a regulatory framework provides some security against the resulting losses, there are gaping holes in the safety net and investors are not as informed as they ought to be. ... There is a need for a single, independent (from industry sponsorship) national securities regulator to replace the provincially regulated patchwork that currently exists. FOR NOW, THE ONLY ALTERNATIVE FOR SMALL INVESTORS IS TO BECOME MORE ACTIVELY INVOLVED IN THE INVESTMENT PROCESS, IN HOPES OF AVOIDING FURTHER LOSSES.“
In this day and age, you can't make it on a job alone ... You must invest your money and allow it to grow ... Make it YOUR BUSINESS!
Questions to Ask Before Investing *** Your Due Diligence ***
Does this investment match my investment goals?
Why is it suitable for me?
How will this investment make money?
Dividends, Interest, Capital Gains?
How has it performed in the past?
What must happen for this investment to increase in value?
Is it realistic to assume this will happen?
What are the specific risks associated with this investment?
What is the maximum I could lose?
What are the total fees to purchase, maintain, and sell this investment?
How do these affect my profit?
How liquid is the investment?
How easy would it be to sell if I needed my money right away?
If Mutual Funds:
What type of securities does the fund hold?
Does the fund invest in any type of securities that could cause the value to go up or down rapidly over a short period of time?
Has the management of the fund changed recently? How might this affect performance?
Enzo Financial Group works with people who want to add to their bottom line by making profitable real estate investments so that they can enjoy life as entrepreneurs without draining their bank accounts or sacrificing precious family time.
Enzo Financial Group manages the Enzo Mortgage Investment Fund, a Western Canadian an open-end investment trust with a portfolio of mortgages on Canadian commercial and recreational properties. The Fund provides construction financing to real estate developments in Western Canada.