Investment Opportunities Scam-Questions providing Solutions!
The number of scams seems to be increasing by the day. With the invention of smart technology and even smarter scammer population, it is becoming all the more tougher to safeguard oneself from this relentless onslaught of scams.
Times of recession and economic slowdown, makes most of us look for alternate ways to supplement our income or sources to make quick money. Investment opportunity scams flourish on these elements. Scammers or creators of investment opportunity scams use every possible means to reach out to the maximum number of people. The success rate of investment opportunity scams is directly proportional to the number of people who receive such e-mail, calls etc.
Since media & technology have greatly assisted in creating an awareness about scams, there are still a number of people who fall prey to such investment opportunity scams. Doing some amount of homework, discussing it with friends and family members and using common finance judgment, will go a long way in saving most of us from investment scams. Some of the questions that will help safeguard our finances against such investment opportunity scams are:
1.Is the investment agency or firm registered with the SEC-Securities & Exchange Commission?
2.Does the investment opportunity suggested, comply with your personal investment criteria and objective?
3.Is the investment company or agency incorporated? Did you have a look at the latest financial reports?
4.How easy will it be to encash or re-sell the investment you are planning to make?
5.Is the risk involved to high?
6.When and what amount of return is expected of the investment?
7.What has been the reputation and history of the company?
The above questions do not guarantee 100 percent safety, but are more than enough to filter out majority of investment opportunity scams. Share and discuss these questions with your family and friends. Maybe you could save your near and dear ones from being victims of investment opportunity scammers.
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