If it sounds too good to be true – it isn't!
There are indications or certain activities that are not necessarily a reason for concern when they appear on their own, but several indications together may be a warning that something is not right…
1. If someone pressures you to invest quickly, allowing you no time to deliberate or make other inquiries;
2. If someone offers you an exceptionally high fixed yield; If a portfolio manager tells you he has found a formula for a fast, risk-free profit;
3. An investment firm in which all the activities are performed and coordinated by a single individual;
4. If a portfolio manager asks you for your passwords and PINs for your bank account instead of acting under a power of attorney / authorization for the account;
5. If a portfolio manager asks you to transfer your money into his account;
6. If you hear an investment tip from an unknown source (beware of fictitious rumors circulated in forums or blogs).
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