In the interest of full disclosure, the absolute worst investment I've ever seen is an advance-fee offer from a long-lost Nigerian pen pal named Dr. Clement Okon -- a man who knows neither the proper use of a thesaurus nor how to turn off CAPS LOCK. Just how bad is this investment? According to a report in The San Francisco Chronicle, "Dr. Okon" and his, er, colleagues bilked Americans for a record $198.4 million in Internet fraud in 2006 -- with the "notorious 'Nigeria 419' scam ... blamed for the largest individual losses." When bad comes out of good While not as bad as the Nigerian scam, the worst stock market investment I've ever seen has also cost Americans a ton of coin -- though it's 100% legal. Before I name names, some background: Index funds and exchange-traded funds are hugely popular. Hundreds of billions of...
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