We Design Your Financial Destiny


(Serious) Words of Wisdom : "The stock market is a giant distraction from the business of investing." ~ John Bogle

Scam Scam Scam...one more Scam...StockGuru Scam

The recent Stock Guru scam, being reported in print and television media, is not the first time people have been fooled — nor will it be the last time. 

It is indeed strange that, despite wide media reporting of many such scams in the past, people continue to get conned so easily. Why don't they accept the fact that earning "high" returns is not possible. Therefore, if someone promises to give "high" returns, it can safely be assumed that you are being taken for a royal ride. Forget about "high" returns, you would indeed be very lucky to even get your principal back.

By the way, even more strange is the fact that many of these victims are well educated
professionals and highly successful in their respective fields. I wonder why they don't use their intelligence when it comes to investing their money.

I don't think this write-up will make any significant difference — scams will continue to happen and people will continue to get ripped. 


But I am still writing this piece in the fond hope that
...at least one person will become cautious after reading it
...at least one person will convince his friend/colleague/neighbour to not fall prey to such scams
...at least one person will spread the word around and warn others

I repeat...promises of "high" returns are FAKE FAKE FAKE

Therefore, NEVER
- NEVER chase fixed deposit type of assured return products offering more than 8-10%
- NEVER chase equity type returns of more than 15%
- NEVER give your money to anyone other than those with IMPECCABLE REPUTATION 


Please...please do take good care of your money.

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

You Learn A Lot By READING... And Even More By SHARING.

Share Button

Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

Subscribe via Email
Powered by Blogger.

... THREE VALUABLE TIPS ...

1. 'Stock Markets At An All-time High' Is Absolute Nonsense
All-time high at the Stock Markets
Do you believe, at current market levels, you are standing at the edge of a cliff?

 


2. Family Floater Health Policy: Insure Your Parents Separately
Family Floater Health Insurance
Wider and cheaper health cover is possible if parents are insured separately.

 


3. Herd Mentality: Why Do We Follow The Crowd? And Is It OK?
Herd Mentality: Is it good?
(Blindly) follow the crowd and your investments could suffer deep losses.