November 29, 2008
How do i know if this investment is a scam?
noob asked:
well they have tones of seminars, dvds and u pay them to show u different stratergies. they even tell u, u can invest in the same shares as them. all of the stradergies seem logical and seem like they would work, and the y suggest brokers for u to go to but u dont have to, so i dont think it is a scam but how can i be sure is there like a list of scammers or can i ring up someone or wat!!
well they have tones of seminars, dvds and u pay them to show u different stratergies. they even tell u, u can invest in the same shares as them. all of the stradergies seem logical and seem like they would work, and the y suggest brokers for u to go to but u dont have to, so i dont think it is a scam but how can i be sure is there like a list of scammers or can i ring up someone or wat!!
Filed under Investing by Administrator
Comments on How do i know if this investment is a scam?
THINK ABOUT IT!!!!
These so called “strageties” are PYRAMID SCHEMES! Stay away from them.
How much money do you have to invest and how hard are they trying to get it?
If your amount is small, real investors wouldn’t waste their time with you.
All investments are a risk. Only invest money you can afford to throw away. Know all terms of contract. Reasearch the brokers carefully. Try to get a referral when possible, from someone sucessful that you know and trust. I would only use larger reputable companies online for investing. Even then you could lose. Check with the Better Business Bureau (BBB)
Take care,
Jen
The more time you invest, the more money they will request. Take the advice that you have gotten thus far and run with it. Use it to the best of your advantage, ON YOUR OWN. Of course it’s a scam. They asked for your money, so, obviously, they are out to earn money.
there are plenty of companies that are providing software and so forth that are cons. so be careful. You should have listed the name of the company so people can tell you what they think of the particular company. If you really want to learn about the stock market you should start picking up some books either at the book store or even the public library. read books that will teach you about the principles of stocks and how they work, then pick up some books that will give you some strategies and decide what strategies you think will work for you.
If you want to attend a class see if a college near you offers a course on the financial markets
If you have a really terrific method of making money, why would you share it with the world? & if you think it’s because they want to share the wealth out of the goodness of their heart–think again. The scheme is to find a gimmick that sounds credible, package it in a seminar, hire a terrific sales promotion team, and make money off those who want to get rich quick at a mere $79.99 per person. They make money if they fill a hotel conference room that seats 500 people for $xxx.xx a night ($39,995 minus $xxx.xx for one night–you do the math). In other words, price it cheap and draw in the suckers = make a profit. Save your money.
They’re pulling your leg.
Why would they be asking you money if they can make money on their own.
Do your own research and don’t rely on others.
Looking both ways before you cross the street is logical–buying a bunch of junk you’ll never read isn’t.
You have to meet real people already doing it, and meet enough of them so that you can make adeicison on whether you believe it
First of all, most reputable investment firms offer seminars on-line at no cost to you.
Second, buying a DVD to show you how to invest from a so-called investment firm is an oxymoron. Why would an inverstment firm sell DVDs & take away from their primary source of income?
Third, go to MSN Money & take a look @ the advertisements for brokerage houses. These are all reputable, established firms to guide you in the investing world. There also is one online brokerage house, zecco.com that allows free trading.
Fourth, save the money you would spend on these fools & use it to invest wisely in the first place!