Thursday, July 19, 2012

How to Avoid Investment Fraud

- Don’t believe claims that there is no risk—there is always risk in any investment.

- Be careful of any investment opportunity that makes exaggerated earnings claims.

- Get all details about an investment opportunity in writing.

- Steer clear of “offshore” investments. These are often promoted as a way to avoid taxes, but you may still be liable for taxes, plus the investments can be very risky.

- Consult an unbiased third party, like an unconnected broker or licensed financial advisor, before investing.

- Take the time to check out investment offers by contacting your state’s securities regulator.

- Never put all of your “eggs” (investments) in one basket.

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