Your Investment goes belly up... OMG what now! What to do. I have been around the block and I have seen many a company come and go. Sure some of the programs I promote will fold. Infact FX10 Investments prob did just that this week.
But you know. You have to be smart about it. I mean, I have been with them since the start in July last year. I only got in with $238 and probably pulled out about $1500 since I started withdrawing so all up it was a great business! In all respects. I made a heap of profit. You must be a fool to think it will last forever but, the key is to go and use that Money wisely and invest in other platforms. You slowly build you portfolio. Soon you will have a heap of 'play' money that you invest here and there in multiple profit centers.
I will showcase a few more programs in the coming weeks so stay tuned. Here is some tips I can give you when you are doing your due diligence:
1. Pay Attention
Just about anyone can build a website these days. There are a variety of tools available online that enable the creation of a basic website with little effort or money. The fact is, the bad guys know how easy it is to build websites, and they also know that many people pay little attention to details when the prospect of easy money is flashed before their eyes. To take advantage of this confluence of events, scam artists often slap together hastily designed websites, relying on simple math to make a buck. Regardless of how poorly the sites are put together, statistically speaking, it's a numbers game. A certain number of people will visit a given website and, out of that number, a smaller number will take the bait.
To screen out the scammers, pay attention to quality when you're surfing the web, especially when money and investments are involved. Typographical errors, content that doesn't make sense and poor graphic design are signs that a website may not be legitimate.
While Legitimate Sites aren't always perfect, they are usually pretty close. When major financial services firms decided to develop a web presence, a lot of time, talent, and money goes in to helping the company put its best face forward. While some scams sites are so detailed that they mirror legitimate sites, paying attention to quality will help you avoid the worst of the rogue sites.
2. Apply Common Sense
Scam artists understand greed and cater to it by promising to deliver something for nothing. Internet message boards, spam emails and online investment newsletters are three of the most common tools of the criminal trade. If you think you've found a "golden nugget" on an internet message board, or you have been the lucky recipient of an email from a foreign national desperate to give away millions of dollars in exchange for your help (similar to the Nigerian scam), remember that greed makes you gullible.
3. Use the Internet
Not everything you read online is false or misleading. All U.S. companies with more than 500 investors and $10 million assets and all companies listed on major stock exchanges are required to file regular reports with theSecurities and Exchange Commission (SEC).
While scandals like those at Enron and WorldCom, among many others, have demonstrated that filing these reports doesn't guarantee legitimacy, a quick check of the SEC'sEdgarwebsite is always a good place to start when researching companies that interest you. At the very least, it verifies the company's existence. While this might sound pretty basic, more than a few scams have made millions of dollars from unsuspecting investors by touting companies that weren't real.(For related reading, see The Biggest Stock Scams Of All Time.)
4. Contact the Regulators
If a company that catches your interest shows up in the Edgar database, your next move is to check with your state securities regulator to see if there have been complaints filed against the company. If the company has been touted by a brokerage firm, something that is often seen in newsletters and email, check with your state regulator and with theFinancial Industry Regulatory Authority (FINRA)to determine whether the brokerage firm has a good disciplinary track record.
5. Conduct Fundamental Research
If the hot company that you found online has passed all of the other screens, it's time to get serious and do some hands-on research. Get copies of the firm's financial statements and analyze them. Research the company's leaders. If the company claims to be the largest supplier of widgets to the world' largest grocery store chain, call the store and find out if the claim is true. Make every effort to learn as much about the company as you possibly can. Of course, if all of this sounds like too much work, buy a mutual fund and delegate the work to the professionals.
I hope this helps a bit. Another great resource I use is in a facebook group I am in. Check it out. Rachel Medina the admin is awesome and we have many a laugh at all the latest scams. Well this is all from me. Enjoy your week people.
