FEATURE: How to avoid Ponzi schemes and other investment frauds
January 23, 2019
Whether you are a first-time investor or have been investing for many years, there are some basic questions you should always ask before you commit your hard-earned money to an investment.
Too many investors might have avoided trouble and losses if they had asked questions from the start and verified the answers with information from independent sources.
When you consider your next investment opportunity, start with these five questions:
– Is the seller licensed?
– Is the investment registered?
– How do the risks compare with the potential rewards?
– Do I understand the investment?
– Where can I turn for help?
– What is a Ponzi scheme?