9 Ways Shady Investment Dealings Target Your Wallet

Shady investment opportunities employ aggressive marketing tactics in an effort to get consumers to open up their wallets as wide as possible. Here are some red flags to watch out for in the advertising of these dealings to help protect you from falling victim.

1. Glowing testimonials.
2. Graphs that tout tremendous growth.
3. Claims of investing secrets revealed.
4. Again, claims of investing secrets revealed.
5. Opportunities to trade someone else’s money.
6. Offers that advertise a “free” amount of anything.
7. Offers that advertise a “simple” approach to investing.
8. Sites that guarantee your satisfaction.
9. Get-rich-quick pitches.

Before committing any money, have a big think about the pluses and minuses of the offers, read the fine print, and only invest in products you comfortably understand. Also, it doesn’t hurt to get a second opinion from a trusted source. The more you go it alone, the more you may be susceptible to one of the above marketing ploys.