Personal Finance Buzz

A pyramid scheme can be a dangerous investment for everyone involved and being able to spot one can be the difference between tens of thousands of dollars. Here are a few pointers that can help you separate the good investments from the scams.

In today’s economy, many people are looking for ways to add to or replace their income. MLM, or Multi-Level Marketing provides a wonderful opportunity to build your own business, and create as much wealth as you desire.

It happens to us all. We hear a rumor about a get rich quick scheme. Or we stumble into a guy on the street corner trying to sell us a business opportunity that ends up being a multi-level marketing scheme. The media and people around us are constantly bombarding us with financial fantasies that don’t exist.

It seems that every year or so the media is reporting about a busted up pyramid or Ponzi scheme and the millions upon millions of dollars lost by its investors.

Not only did the markets gap into the 20 and the 50 moving average today, but many leading stocks did as well. This tells smart traders that Wall Street may struggle a little in the next few days while it consolidates below this level. So far the markets pulled off this resistance level all the way to the flat line before bouncing back a little.

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