Connect with us

Money Education

KEEP AN EYE OUT TO AVOID INVESTMENT FRAUD

Published

on

 

 

 

 

keep an eye out to avoid investment fraud

 

 

You have done excellently well to earn money. It is more important to be smart when investing so as to avoid investment fraud.

 

There are lots of fraudsters out there who sell the impossible investment just to defraud gullible investors of their hard earn money.

 

These fraudsters have lots of persuasion techniques that are tailored to the victim’s psychological profile.

Protect your investment and watch out for these warning signs;

1)Transfer money to this account number now

 

MUST READ:  SIX BEST MONEY SAVING TIPS

this is very common with fraudsters who tell you about the investment and ask you to send money right now. They say every minute counts, so much pressure is been mounted on you to send money.

2)Everyone is investing

 

everyone in the city is investing in this, does not make the investment to be genuine. Do not go with the crowd, the crowd could be wrong. Be different that will make you stand out.

MUST READ:  LITTLE EXPENSES THAT HAS AN IMPACT ON YOUR SAVINGS

3)Returns are guaranteed

they aren’t guaranteed returns on investment. I say they don’t exist.

4)It appears to be too good to be true

I see this a lot online on social media get a 100percent return on your investment in an hour. This is an investment fraud that this fraudster comes up with just to prey on gullible people.

 

You have to put a lot of effort, dedication into your work to get returns. Don’t fall into the hands of fraudsters promising the impossible just because you want to make more money. Making more money requires that you are smart about how you invest your money.

MUST READ:  3 things to consider before renting an apartment in Lagos

Takeaway

It takes time, patience, and sacrifices to make your investment grow. Never be fooled by anyone that making lots of money happens just in a flash. Investment fraud always comes with impossible returns.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *