Beware a Huge Untapped Market

It’s a powerful, one-two punch that knocks many investors clear out of the retirements that they’ve been working and saving toward.

Think of all the modern conveniences that you use every day, things that were unheard of when you were a kid.  On that list are things like personal computers, MP3 players, and cell phones. All of these things have been huge hits with consumers in the developed world.  We know that people will buy them because billions have been sold.  Now, what if we could take those proven winners to the massive untapped markets of the developing world?  Sounds like an investment slam dunk, right? You might hear a pitch like that soon.  Last week the SEC filed an enforcement action in a case that reminds us how powerful that pitch is. According to the SEC’s press release: (more…)