You may have seen many investment promises to gain riches and wealth quickly and easily. Some investment pitches fail to tell you the specific details of the investment and only tell you the good parts. There is no such thing as a no risk investment and anyone who tells you otherwise is not telling you the whole truth. Whenever you are thinking of investing, before you do anything you need to get written confirmation of any annual reports or prospectuses they have.
Beware of any investing opportunity that tells you any of the following from an investment:
• Avoid if an investment tells you to actively get a loan or financial backing for an investment or asks you to cash in any equity or retirement funds.
• Applies a lot of pressure on you to get you to invest quickly.
• Promises you fast profits with little risk.
• Tells you the federal law disclosure documents are only a formality and not required.
• Asks you to lie on your application forms.
• The information they give you has bad grammar, spelling mistakes or doesn't make sense.
• Doesn't send you your money within a good timeframe.
• Tells you they can share with you some kind of inside information.
• Uses high risk words such as 'limited offer', 'high returns' or 'guarantee'.
• Use the following words - this particular investment is IRA approved for you.
• Tells you that any offshore investments are completely tax free and always confidential.
Fraudsters tend to look at wealthier people to carry out their investment fraud on. Retirement age or rich people are usually targeted as the more money they have the more likely they are to be able to invest.
There is a certain type of people that investment fraudster look for:
• Able to make monetary decisions
• Wanting to make large investments
• Know quite a bit about financial aspects
• Has more than an average income
• Is retired and wealthy
• Educated above college level
• Had a recent health problem or a financial worry
• Willing to listen to new investment ideas and sales ideas
Many fraudsters are becoming more aware of what we look for. For instance, we know that if something sounds too good to be true it will be. However, more fraudsters are starting to make their pitches sound great but not too great that we automatically become suspicious. This is where we have to become smarter than the fraudsters.
Some of the fraudsters will try to get to sign up to their investment by giving you false hope of riches that don't exist. Some of them will claim to be a firm that has helped so many other people or try to convince you that they wouldn't sell you an investment that wouldn't make you money. These are all tactics to avoid. Make sure you do a lot of research on the company and the people before you sign up to any investment deals.
Writer and author, Cheryline Lawson in conjunction with Fernando Reyes, who is an Internet Marketing guru and expert in a variety of fields including finance invite you to find out more by visiting the website at => http://crowleybiz.com/finance
Article Source: http://EzineArticles.com/?expert=Cheryline_Lawson
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