Don’t Fall Prey To Investment Swindles
By Allan Hoffman
Friday, January 29, 2010
Your investments or 401k probably tanked over the past year and is just beginning to make a come back, but very slowly, That desire to make up the money you lost more quickly opens you up to investment swindler.
• There is no set look for a swindler, they might call you or see you at the mall.
• They might offer you a free meal in order to get you to enroll an investment seminar.
• They work because they play on your greed and promise large pay offs.
• They also claim low risk, or no risk for your money.
• Then they add urgency….they say you have to decide now to get in on it.
• Remember, there is no quick road to this recovery, so invest your money wisely. And take your time doing it.
Here are a couple of sites that can give you some good advice.
http://www.pueblo.gsa.gov/cic_text/money/swindles/swindles.htm
http://www.usnews.com/money/personal-finance/retirement/articles/2009/02/12/how-did-your-401k-really-stack-up-in-2008.html
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