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Friday, February 5th, 2021 8:46 AM


Investment Scams: What they are and tips to avoid them

Investment Scams: What they are and tips to avoid them

We look for investments to improve our lives, but scammers are just interested in taking our money and personal information to improve their wallets. Have you ever been offered an investment that seemed a little too good to be true? In this article, we’ve gathered some of the most common investment scams, and how you can avoid them.


3 Facts about Investment Scams

1.       One in ten investors will be a victim of an investment scam, according to a paper from the Pension Research Council, Wharton School of Business.

2.       The average loss per investment scam is over $16,000 per victim, according to the Federal Trade Commission (FTC).

3.       People aged 50-69 are more likely to lose money in investment scams than other age groups, and they also have the largest losses, with a median loss of $24,000 per victim. (FTC)



Looking to make a quick buck? Check before you invest!


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