Saturday, February 23, 2013 - 7:36 AM

6 Ways To Protect Against Investment Scams

It can take an entire career to build adequate funds for retirement -- and only a few minutes to blow those savings. According to The New York Times, regulators across the country are reporting a rash of investor complaints against investment schemes gone wrong, from the overly speculative to the just plain crooked. Unfortunately, one bad decision of this sort can wipe out years of diligent saving.

Investment Scams: How to Protect Yourself

Shorebreak1,439 posts since
Apr 6, 2010
Rep Points: 6,151

1. Tuesday, February 26, 2013 - 5:52 AM

Why is this occurring now? Surely, in the awaken of Bernie Madoff, aren't traders wise to the techniques of aggressive financial commitment professionals? They should be, but a mixture of two things is keeping the pressure on common traders to project into more dangerous and more unique financial commitment strategies. For one thing, with bank account rates less than 1 percent, income-starved traders are anxious for solutions. Meanwhile, since competitors and online trading have packed down the edges on traditional financial commitment strategies, many broker companies are looking for heavier income by selling more complicated financial commitment programs.

harreymartin9 posts since
Feb 26, 2013
Rep Points: 10