Avoid Investment Rip-Offs

How To Tell The Difference Between
Someone Who Will Help You Make Money
and Someone That Will Take It

Some people used the internet to get investment advises. This course of action is not good because we are not acquainted with the person we are dealing with in the net. We should not trust anyone in the net unless we have met the person we are transacting with or we have verified and checked the identity of their site.

The bottom line: The internet is a great place to get information on investments. But it’s also a place many scamsters set up shop. Don’t trust a site just because it looks like professional.
A look out for these investment scams:
 Day-Traders buy and sell stocks as the prices rise or fall in tiny increments. It’s high-risk and stressful. In fact, a recent study showed that out of 4,000 to 5,000 day-traders around the country, 70% lose money.
 Foreign Currency Scams. Tricksters con investors by stating that you can make huge profits off the foreign currency market with very little risk. In fact, most foreign currency investments are very risky, and typically not suited for average investors.
 Affinity Fraud. This is a scam designed to appeal to a certain ethnic, professional or religious group. The investment often turns out to be bogus.
 Financial Guru Scams. Scam artists advise investors using trumped-up credentials. Usually concerning cheap and risky penny stocks. After paying the guru large fees, the investor puts up the money to invest in the inflated stocks-and typically never gets a dime back.
Before you invest with an unfamiliar company, check it with these organizations:
 Certified Financial Planner Board of Standards, 1700 Broadway, Suite 2100, Denver, Colorado 80290-2101, (1-303) 830-7500, Fax (1-303) 860-7388, Website www.cfp-board.org.
 Federal Trade Commission, CRC-240, Washington, D.C. 20580, (1-202)382-4357, Website www.ftc.gov.
 Investor Protection Trust at www.investorprotection.og.