Solid Financial Advice. From Bernie Madoff.

Bernie Madoff is warning regular investors not to let Wall Street scam them like he did. His advice: Use index funds. In a recent interview with MarketWatch, Madoff was asked where the safest place is to invest money with the least amount of risk for fraud. His answer:

“The best chance for the average investor is to put money in an index fund. There are lower commission rates and more professional management with these types of firms. It’s the safest and least likely place to get scammed.”