If you think about it, Bernie may have lost only about 95% of the money he was given by investors. There are mutual funds that lost that amount in the recent market collapse. He should have invested the money, lost 95%, given himself regular bonuses and stayed out of prison.

If you put money into Bernie’s care over a decade ago, got back 10% on your investment every year, it is possible that you are better off than if you had put the money into a number of legitimate mutual funds.

It would make an interesting blog, detailing how one could have fared worse by investing in some legitimate mutual funds or possible hedge funds.

Rockinon

Thanks Rockinon for the comment, I will try and get that covered but i am not promising anything, it seems like a very complex matter which i need to examine properly because i comment on.

Keep posted and commenting..

I have an account with London Life here in Canada. The fund was sold as a Freedom 55 investment. I am now almost 62 and the mutual fund has about 25% of its original value. I think I might have done better with Bernie. I ran a search using Globe Fund and discovered Mavrix Growth which is down about 90% in the past decade. Again, one might have done better with Madoff. Writing you a comment inspired me and I added a chart of Mavrix Growth to my blog. So thanx.
Cheers, Rockinon (a former newspaper type)

Hey Rockinon, im glad to know that you’re inspired in some way, good luck and keep posted