
606 spotting a money scam with lessons from the Netflix documentary: The Monster of Wall Street
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What's the Issue on Liquidity?
There were a lot of these unlisted property trusts and when the GFC hit, they actually had to freeze withdrawals because people wanted their money back. So for some of these funds, and they could even be, don't quote me on this, but there was an AMP property fund that was frozen for over 10 years. Yeah, it's insane. You've just got to make sure that when you are investing, that you ask the question about liquidity. And I think that that's where multi-level marketing and Ponzi schemes and things can get all confusing,.
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