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Unfortunately, we live in a day and age whereby there is a large number of people who aim to make a living through duping others and taking their cash. There are many different ways that this can be done, and investment scams is one of them. In this blog post, we are going to take a look at investment scams in further detail, including the warning signs that you need to be aware of. 

What are some of the most common types of investment scams?

• Investment cold calls
• Investment seminars 
• Share promotions and hot tips
• Superannuation scams 

What are some of the warning signs you need to look out for?

There are a number of different warning signs that indicate that an investment could be a scam. If you receive a call or numerous calls from an individual that is offering unsolicited investment advice, you need to be wary. This is especially the case if they try to tell you that you are going to miss out if you do not invest quickly. You also need to be apprehensive if you receive an email from someone you do not know, offering advice on the share price of a certain business. The email may not even be addressed to your personally.

Aside from this, some other scenarios that typically hint of a scan include if you see an advertisement that promises and easy and quick way to unlock your superannuation early. The same goes if you are invited to attend a free seminar but then if you are going to attend any further sessions you need to pay very high fees. You also need to be wary of any type of advertisement that claims to be a get rich quick scheme, promises to make you a millionaire in a few years, or states that it is a risk-free investment. 

Protecting yourself from scam investments

Now you know about some of the warning signs, you need to know how to protect yourself. Firstly, you need to do extensive research on any type of investment that you are considering. There are lots of articles and blog posts out there like this regarding genuine investments, which will help you to weed out the good from the bad. 

You should also look online and check the list of companies you should not deal with in your country. Furthermore, you should never give your details when replying to an email or dealing with an unsolicited caller. Simply delete the email or hang up. Navigate to this website for further details on how to find out who called you too. Never let anyone pressure you into making decisions about investments or money either. If you think an offer to buy shares could be real, make sure you look at the listing for the business on the stock exchange. 

So there you have it: everything you need to know about investment scams and some of the warning signs you need to be on the lookout for. If you are mindful of the scams and signs that have been mentioned above, you can reduce your chances of being the victim of one dramatically.