Investing is often touted as a good way to build wealth over time. However, for beginners, trying to figure out the best places and ways to invest money can feel like a daunting task — especially with all the investment schemes out there.
Before you part with your hard-earned cash, make sure you aren’t falling victim to an investment scam. Here’s what you need to know.
Signs It Might Be an Investment Scam
There are definitely red flags when it comes to identifying an investment scheme. Before you invest, understand the common features associated with scams, as well as the strategies fraudsters use to get you on board.
Common features associated with an investment scam
Most investment schemes promise guaranteed returns. The reality, though, is that investing comes with a certain level of risk. There are no guaranteed returns, even for investments generally considered “safe.”
Get in on the ground floor
If you hear that you’ll “get in on the ground floor,” able to scale up your interest in…