Ethical Investments Personal Statement Example | Topics and Well Written Essays - 250 words

Ethical Investments - Personal Statement ExampleDue to sheer volume and popularity of his firm he was able to earn huge profits while giving almost a penny or less to other brokers per share. He mostly made his business strategy public through interviews to reputed journals, collect to which his huge earnings did not raise suspicion. For example he used to compare his profits with old-hat and Poors who had a history of earning 14 to 16 % profit per annum. His strategy was simple overdue to huge volume of trading he would buy shares of MNCs (multinational companies) and strong stock holders. He would then regard option contracts on good terms and earn profit. He also made calculated buy and selling with respect to fluctuations in share market index. He would manipulate share prices by salary increase knowledge, artificial shortage and later flooding of shares. He also minimized losses by restrain his downside portfolio in stocks. The Ponzi scheme took advantage of a ruling in F ederal law which requires firms to annually redress minimum 5% of their funds. Since he largely dealt with charities his fraud went unnoticed over decades.