The Madoff Antidote

Time to get back to the basics of investing. Plus here are some high-yielding, financially solid companies to consider for your own common-sense portfolio.

Bernard Madoff, the once-admired financier and former chairman of the Nasdaq Stock Market, left a great deal of human misery in his wake. Madoff is said to have admitted to running a Ponzi scheme that cost investors some $50 billion. Rather than making profitable investments, a Ponzi operator satisfies current investors by paying them with money from new investors -- until the edifice collapses under its own weight.

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James K. Glassman
Contributing Columnist, Kiplinger's Personal Finance
James K. Glassman is a visiting fellow at the American Enterprise Institute. His most recent book is Safety Net: The Strategy for De-Risking Your Investments in a Time of Turbulence.