With the stock market breaking record numbers these days, the time is right for con artists and scammers to take advantage of new investors.so how to beware?
2006-12-19 07:30:02 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
Always screen the broker/advisor and the firm they are representing via the NASD website before even considering doing business with them. Look out for complaints, sanctions, job hopping etc....After that ask for references and have the investment opportunity looked at by someone you trust with knowledge in the industry. Don't ever do business with someone who tries to rush you into a decision and if the words "guaranteed return" comes up in a conversation run away as fast as you can.
2006-12-19 10:07:15 · answer #1 · answered by SmittyJ 3 · 1⤊ 0⤋
I would avoid this arrangement if I were you. He may work for a Australian Firm but he is not Australian! A professional would use Child Care Agencies to screen the people who take care of his kids, not post on the internet for a stranger. There are too many kooks in this world to take a chance like this for just $1200. Send him an E-mail and tell him something came up and you can't do the job.
2016-03-13 08:37:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do not respond to emails, phone calls, or mail soliciting your investments. Most people that get scammed carry a big sign that says "Scam me". Some one calls them and tell them they can earn 30% monthly return and the response is, "Oh wow, where do I send the money?"
2006-12-19 07:59:15 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is very easy, Don't flow with the market rumours or so, Only go for the fundamentally stong stocks and make a target in mind, Always book profit in parts and exit from the market, Don't be a day player, be an investor and learn to big profits.
No investment scan can ever harm u.
THANKS
2006-12-19 19:15:46 · answer #4 · answered by AVANISH JI 5 · 0⤊ 0⤋
Greed of investors result in most scams. If only people can focus on the fundamentals - high reward comes with correspondingly high risk, most scams could be avoided.
2006-12-19 14:37:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
good quality
managable quantity
and alertness with
controling greed & fear
using technical analysis
2 protect from scam
2006-12-19 17:11:24 · answer #6 · answered by dinu_pawar 5 · 0⤊ 0⤋
I interigate everyone I do business with when it comes to MY money... I do not get taken! I scare off half the people who are actually legitimate but then I have to take care of myself. No one else will do it for me.
2006-12-19 11:40:46 · answer #7 · answered by Kitty 6 · 0⤊ 0⤋
Talk to someone you trust and ask them what financial services they use and then check them on the net and talk to a Representative.It's free.
2006-12-19 07:33:10 · answer #8 · answered by racquel 4 · 0⤊ 0⤋
you will invest only in mutual funds under the SEBI or ULIP of any insuarence company under IRDA
2006-12-19 12:48:49 · answer #9 · answered by keral 6 · 0⤊ 0⤋