Let’s talk about scams today, and how you can easily spot an investment scam. Have you fallen for any scam before, even if it wasn't an investment scam? I recently paid a professional for a particular job and what was delivered, after being ignored for close to a month, was nothing short of a disappointment. Since then, I have seen a few other people come forward to complain about the same individual.
It reminded me of a particular scam I feel for when I was a desperate graduate looking for a job. It also reminded me of the many investment scams we have heard about that make many people lose faith in investing.
But, just because someone is out to look for a quick buck doesn't mean we have to walk on eggshells. The truth is, there will always be such individuals, even if it is nothing to do with investing. However, when it comes to investing, this is the only way we can create wealth. Saving money in a current account or leaving it under your mattress might be safe, but, it is not compounding in value or beating inflation.
I hope you can use the highlighted tips to protect yourself from investment scammers after your hard-earned money.
You can learn more about the types of investment scams and warning signs to watch out for in this blog post.
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