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Don’t Fall for Scams

Don’t Fall for Scams

389/730: Diamond geezer

In this low-interest environment, ready cash is floating around to be deployed. Banks are giving a paltry 0.lousy% and the economy is not looking too good with problems in Europe, China and US. Alternative investments like land banking and wine are promoted rampantly nowadays. Recently, many investors who invested in a gold scheme were duped. How can investors protect themselves from squandering their money away?

Firstly, always research into the product you are investing in. Is it regulated by any governing body? How does the investment make you money? What are the exit strategies and is the investment liquid? Get everything in writing before investing your hard-earned cash. Many investors of alternative investments have tried to sell their investments but end up being unable to. It was reported in the Sunday Times yesterday of …

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