GE

General Electric Company

Why I Had to Lose Three Jobs to Finally Get Rich

My first "real job" was an analyst at a bank… and I remember the day I got fired like it was yesterday.

It was so boring I would literally fall asleep at my desk in the middle of the day. So they decided to give my job to someone else.

My second "real job" wasn't any better. I sat in a cubicle looking at endless spreadsheets all day for CVS-Caremark, where my boss was some corporate stuffed shirt, always in my face.

I was absolutely hating life – it got so bad I could barely sleep at night.

Not that I had much to get up for every day; my pay was peanuts, too. My salary was only $45,000 a year – around $500 a week after taxes. It was barely enough to afford a decent car, let alone an apartment in Chicago.

So I had to move back in with my parents just to make ends meet. It was so embarrassing, but what else could I do? It was right after 9/11; there was a recession on, good jobs were scarce, and I needed the money.

So I went to work every day, and did my best to stay awake. But I hated every minute of it.

Time for another change. I didn't know it at the time, but this one would be big – really big.

It didn't quite start out that way, but it opened up the door to incredible, life-changing wealth (and more fun than ought to be legal)… Full Story

It didn't quite start out that way, but it opened up the door to incredible, life-changing wealth (and more fun than ought to be legal)... Full Story

Stocks

Here's the Truth About the GE "Fraud" Scandal

"Don't kick a person when they're down." That's one of the cardinal rules of sporting behavior – one that'll serve you well pretty much anywhere on or off the field… pretty much.

But let's face it: Sportsmanship ends where the market begins. Across that line, massive fortunes can be made "kicking" a company when it's down…

Take a certain shadowy hedge fund I'm following. These investors have decided to move in for the kill on a fallen American legend: General Electric.

They've fallen in behind Bernie Madoff whistleblower Harry Markopolos who's made very public, very shocking allegations of fraud and manipulation in GE's Boston C-suite.

Markopolos – the forensic accountant who, as I said, called shenanigans on Bernie Madoff's $64 billionPonzi scheme – has potent "do-gooder" credibility.

In fact, these allegations probably would've been front-page news had they been brought in GE's prime, or had markets not been sinking on the day. Be that as it may, the accusations battered GE's shares and made massive waves just the same.

But there's a big, big problem with Markopolos' accusations. And I have a big problem with the anonymous backers on whose behalf he's making these allegations.

Before you put up your hard-earned capital and take a position one way or another on GE, let me show you what I've found...