Every year thousands of people lose their hard-end money to investment scams.
If you have never been scammed, we wrote this letter for you. If you have, keep reading, you will learn a few pointers that will help you avoid investment scams in the future.
Here are a few red flags to look out for so you don’t fall prey to scammers:
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- They promise abnormally high returns within a short period. If it’s too good to be true, there’s a great chance that it is a scam. Run
- You don’t understand what they are investing your money in, or how they are investing. If you can’t explain it, don’t put your money into it.
- It comes with a guarantee of consistent returns without risk. That’s a scam. There is no such thing as a risk-free investment.
- You are pressured into reinvesting or finding new investors at the end of every “cycle”. Watch out, that’s a red flag.
- They do not disclose their government-licensed securities and regulations. If they can’t provide concrete evidence linked to the SEC, don’t invest.
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Till next week 👋🏽