Although recognizing scams helps victims recognize symptoms, it doesn’t address the core issue of being victimized.
They become repeat victims. The Advocacy Network allowed me to interview more than 20 victims of the scams of Bernie Madoff and Allen Stanford. The victims become repeat victims. I interviewed more than 20 victims who were scammed by Allen Stanford and Bernie Madoff.
Stock Market Investing
Download TD AmeriTrade, a simple investment program for stock investments that can be downloaded to your mobile phone. You should choose a program that lets you try out a few sample trades. Also, make sure you can buy fractional shares. You may not be in a position to buy a full share of a global retailer but you can still earn money by purchasing a fractional one.
Consider splitting your investments by percentage. Consider investing 50% in an index fund that earns money every time the S&P 500, Dow Jones or other market indexes rise. You can invest 20% in tech, 20% in international growth funds and 10% in green technology. ETFs and exchange-traded fund options that focus on your market interests are available.
There are many ways to identify scams, frauds, and the language they use. You can easily recognize the language that scammers and conmen use. Despite all the warning signs, investors still jump into pools that have no water.
In this series of articles, we will concentrate on single concepts that can help you make more informed investment decisions. First let’s look at investment warnings.
- You should only buy from licensed or credentialed professionals. This is because the jails are full of licensed and credentialed professionals. It is not a deterrent.
- Due diligence is a process that should be carried out by a professional financial advisor. Due diligence is a time-consuming process that most investors don’t want to undertake.
- Check your account statements. Despite the fact that it may sound great in theory, some investors leave their statements stacked around the house.
- Simple issues of due diligence
- Do not send spam emails or Hot Tips. Email scams are a common scam used by stock takers.
- Do not attend meetings or phone solicitations. Once you understand the psychological triggers, you will be able to handle anything.
- Never make a check payable for a salesperson. Duh.
We will provide you with this valuable information.
Invest in Private Companies
Consider setting up a fund of investment with a private company that allows you to follow the industries that interest you most.
Assure allows you to put your money behind those founders you admire, industries you trust, and regions you think will grow. Many business developers are able to work from anywhere thanks to the expanding opportunities to work remotely. The world is becoming smaller and connections stronger.
Invest in what you value
Investing in Fair Trade, companies that are socially responsible and those who care about climate change is more than just where you buy coffee.
Many ETFs are designed to make life easier for people in developing countries. Sign up for Robinhood to keep your finances in order. You can trade exchange-traded fund that are focused on companies that offer a fair salary, have a low carbon foot print, or support microbusinesses located in areas that lack services.
Invest in Green Technology
You can invest in eco-friendly technology through a variety of avenues. Join your local REIA, or Real Estate Investment Association and look for builders looking to increase the number homes in your area with solar power options.
Global green-tech is also possible. You can invest in companies that help solo practitioners in developing nations build their businesses. You can also provide these businesses with low-fuel generators such as solar power generators and water purification systems. As with Fair Trade companies you will want to verify that the investment companies are actually doing what they say and review their results.
Invest in your Community
Check out the plans of your local government for growth. Are they seeking investors to help open grocery stores in areas that are underserved? Is your city in need of better internet access so that financial technology companies can move there?
It will take some time for you to see the results of your community. You may also encounter some pushback. People are often happy to invest in businesses that expand to increase their profits and change the offerings, but they can be resistant to a community’s attempts to attract more visitors. You can attract residents by looking for companies who promote smart cities.
We’ll now discuss overconfidence, and how that impacts our decision making processes.
