Learn why new entrepreneurs get scammed by investing money on the wrong track
Learn why new entrepreneurs get scammed by investing money on the wrong track
When it comes to personal investing, business owners should resist conventional wisdom, not to mention certain temptations. Fraudsters are counting on you not to investigate before you invest. They have no incentive to set you straight. Fend them off by doing your digging.โฃ
๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐๐จ๐ซ๐ ๐ฒ๐จ๐ฎ ๐ข๐ง๐ฏ๐๐ฌ๐ญ: Voluntary emails, message board postings, and company news releases should never be used as the sole basis for your investment decisions.โฃ
๐๐ ๐ฐ๐๐ซ๐ฒ ๐จ๐ ๐ฎ๐ง๐ฌ๐จ๐ฅ๐ข๐๐ข๐ญ๐๐ ๐จ๐๐๐๐ซ๐ฌ: Be wary if you receive an uninvited pitch to invest in a company or โoffshoreโ investments, or see it praised online, but canโt find current financial information about it from independent sources.
๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐ ๐ญ๐จ ๐ฌ๐๐ง๐ ๐ฆ๐จ๐ง๐๐ฒ ๐๐๐๐๐ ๐๐๐ช: Scam artists often tell their victims that this is a once-in-a-lifetime offer and it will be gone tomorrow. But resist the pressure to invest quickly.โฃ
๐๐๐ฐ๐๐ซ๐ ๐ญ๐ก๐ ‘๐ก๐๐ฅ๐จ’ ๐๐๐๐๐๐ญ: Investors can be blinded by a ‘halo’ effect when a con artist comes across as likable or trustworthy. Credibility can be faked. Check out actual qualifications.โฃ
๐๐๐๐ข๐ฉ๐ซ๐จ๐๐ข๐ญ๐ฒ: Fraudsters often try to lure investors through free investment seminars, figuring if they do a small favor for you, such as supplying a free lunch, you will do a big favor for them and invest in their product.โฃ
๐๐ง๐จ๐ฐ ๐ฐ๐ก๐๐ญ ๐ญ๐จ ๐ฅ๐จ๐จ๐ค ๐๐จ๐ซ: Make yourself knowledgeable about the different types of fraud and red flags that may signal investment fraud.โฃโฃ
If you have any questions or concerns about investment, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ง๐ญ๐๐๐ญ ๐ฎ๐ฌ ๐ญ๐จ ๐ ๐๐ญ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐