The world is full of thieves and scam artists and those looking for sound investments must be wary of encountering a wide range of investment scams. Of course, we all learn from our mistakes, yet it is better to learn from other people’s mistakes. There are many different types of investment scams, but there are some common signs that can help you spot them. Here is some advice to help you spot the investment that seem too good to be true.
Playing On Greed
Scammers prey of the fact that people want to make a profit and they do their best to make their offer as attractive as possible. Some even give you a return at the start to whet your appetite, which builds trust, then the next investment is the sting! Your number is blocked! Always remember that a scam artist’s goal is to build trust and they may engineer small ways to do that and if you notice this, leave it well alone. They can be very persuasive, of course, and they know you are hungry to make a profit, which can blind your logic.
Avoid Unsolicited Attempts
If you are looking for investment opportunities, you will come across many, but when you are approached, either in person or by other means, this should set alarm bells ringing. Simply put, those who have investment opportunities don’t approach people, rather they wait for an enquiry from an interested party. If you are looking for a safe investment, there are a few reputable gold bullion dealers in Brisbane or in your city where you can acquire any amount of gold in a range of formats.
Whatever the pitch, take it all in and remain emotionless, then you can do some research and see if you can see the ruse. If they have a website, send the URL to an IT specialist and pursue every avenue, looking for something amiss. The obvious thing to do is make contact with other investors who have already been onboard for a while, but this is not always possible. The saying, “If it looks too good to be true, it probably is,” is something to keep in your mind when looking at investment opportunities.
If a trusted friend lets you in on an investment they have been making for a while, this is very likely a genuine opportunity. Of course, it all depends on the credibility of the ‘friend’; some wily investors have a set of criteria for any investment and if it doesn’t tick every box, they pass.
The best way to avoid scams is never go with any offer that is unsolicited, as this is the only way a scammer can operate. Stick to known performers like gold bullion and real estate and you will never become the victim of a financial scam. If you are looking to diversify your portfolio, search online for the nearest gold bullion dealer and visit their offices. Gold has performed very well since the start of the pandemic and is predicted to rise steadily.