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Madoff, too good to be true, like Stevejhx

Started by JustAdmitIt
over 17 years ago
Posts: 1
Member since: Dec 2008
Discussion about
10 years of 60% returns per year, and then this year, complete collapse. Those of you who have been reading streeteasy for long enough know that this isn't this week's news or about Bernard Madoff, but rather, this is stevejhx, who had clearly stated on streeteasy that over 10 years he had average annual returns of 60% and then clearly admitted that he suffered in September a complete devastating collapse of his entire portfolio. So it goes to show, you don't just have to be a high profile, well-liked, highly-credentialed individual to lose huge money, you can also be just the opposite and do just the same.
Response by shasha
over 17 years ago
Posts: 7
Member since: Dec 2008

ha

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Response by airbourne
over 17 years ago
Posts: 6
Member since: Dec 2008

I'd rather take just cash instead

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Response by memito
over 17 years ago
Posts: 294
Member since: Nov 2007

Continue to make fun of Steve and others on this board that have posted links, information and have made sound arguments (even if they aren't necessarily 100% correct).

Meanwhile, just ignore that Madoff has cost some high-end investors (a lot of them in FL and NY - and probably a good deal here in NYC) $50 BILLION dollars.

Yeah, I am sure that will just help NYC real estate go up....

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Response by nointerest
over 17 years ago
Posts: 69
Member since: Dec 2008

Example of how the elitist attitude thinks they are immune from be defrauded by one of their own.
Don't think it will have any impact on RE prices at all, but the timing is not good and is going to question the whole SEC and regulation issue even more.

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Response by Hirschrandev
about 17 years ago
Posts: 29
Member since: Jan 2009

Pretty insulting relationship

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Response by oldbuyers
about 17 years ago
Posts: 190
Member since: Dec 2008

bunch of double talk and corrupted data.

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Response by patient09
about 17 years ago
Posts: 1571
Member since: Nov 2008

you can't legislate intelligence and common sense

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Response by oldbuyers
about 17 years ago
Posts: 190
Member since: Dec 2008

wonder if stevejhx had money indirectly linked to Madoff? Many investors didn't even know they had invested money with him.

could explain his bitter attitude toward the world.

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

Madoff, Stevexx... and you forgot the third in the trio....

Manhattan RE.

Definitely needs to fall into the "too good to be true" pile now that we're down 20% and counting...

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Response by shasha
about 17 years ago
Posts: 7
Member since: Dec 2008

Where is stevejhx these days? miss him. hugs!

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Response by aboutready
about 17 years ago
Posts: 16354
Member since: Oct 2007

oldbuyers, I find your attitude toward the world warm and fuzzy.

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Response by ClintonB
about 17 years ago
Posts: 128
Member since: Sep 2008

more about Stevejhx and Madoff

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