Thursday, June 25, 2009

When "I'm sorry" just doesn't cut it

If you're young and time is on your side losing money on investments are a set back but you know you have time to right most financial upsets. However, when the time to earn is long gone losing your savings is a big hit and you'll probably want some payback.

A group of seniors in Germany, kidnapped, held and tortured their financial adviser for losing their life savings.

"Retirees in Germany were so upset with their financial adviser that they ambushed him outside his home and beat him with their walkers, the adviser claims. Then they taped his mouth closed and hauled him into a car.

"It took them quite a while because they ran out of breath," the financial adviser, James Amburn, told the U.K.'s Daily Mail. The kidnappers ranged in age from 60 to 74."

When you're a steward of money the responsibility of managing your client's funds is not to be taken lightly. You have to be willing to take the ups and the downs.

In this case it was a few broken ribs, cigarette burns and captivity.

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