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 bulky profits while giving almost a penny or less to other brokers per share. He mostly made his business strategy unrestricted through interviews to reputed journals, due to which his huge earnings did not raise suspicion. For example he used to compare his profits with Standard and Poors who had a history of earning 14 to 16 % profit per annum. His strategy was simple due to huge volume of trading he would buy shares of MNCs (multinational companies) and strong stock holders. He would then take option contracts on good terms and earn profit. He also made calculated buying and selling with respect to fluctuations in share market index. He would manipulate share prices by advance knowledge, artificial shortage and later flooding of shares. He also minimized losses by limiting his downside portfolio in stocks. The Ponzi scheme took advantage of a ruling in Federal law which requires firms to annually pay minimum 5% of their funds. Since he largely dealt with charities his fraud went unnoticed over decades.