Greedd says if it sounds too good to be true, it probably is.
Online scams are all over and continue to rise, threatening unaware investors hoping to make a quick buck.
Greeff said the world is full of scams, but with a little know-how, investors can go a long way to protect themselves from falling victim, including:Putting the name of a product plus the phrase ‘scam’ in Google won’t always generate results; however, it is a positive place to start doing some research, said Greeff.“Whether they operate online or in person, investment scammers will often promise incredible returns,” said Greeff.
International platforms have similar standards in accordance with the jurisdiction in which they operate.Promises of outsized returns, guarantees of quick returns and pressure to sign up for investment are common red flags. Some investors, such as venture capitalists, expect between 25% and 30% of their startup investments to fail completely, and only a small minority do better than breaking even.
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