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Who can you trust when investing?

The fear and uncertainty caused by the coronavirus pandemic have spread throughout the world. In addition to these problems, the issue of police brutality of Black men has once again drawn the world’s attention. The tragic murder of George Floyd by a Minneapolis police officer and the police killings of other black people have flooded the news. Demonstrations, peaceful protests, and sometimes riots and violence have captured the interest of the United States and other parts of the world.

The world is in crisis and investment may not be on people’s minds. But with the pandemic, many people have suffered financially, so money is an issue. They may be looking for a way to earn much-needed money.

There are still many gurus who want you to trust them when signing up for their stock investing newsletters. They promise great benefits and make great claims. Their testimonials sound almost too good to be true. Maybe they are.

The so-called investment gurus are promoting their programs even as the unprecedented times caused by the coronavirus have affected everyone. They say there are exciting investment opportunities in oil, banking, crypto, medical companies, and more, even during these tough times. They have common names like Jon, Tom, Ken, Alex, Mark, and Jeff, plus some less common names like Jordan, Derek, and Kyle. Who can you trust? It is difficult to know.

Sometimes they promise a 100% return on your investment or they can be bold enough to promise $ 2,000% in one year. They say that you will most likely get the return on your investment with your first trade. If they promise big returns, it’s best to make sure you have a money-back guarantee if they don’t produce as claimed.

If the promise came true, it would be a great opportunity and a blessing. However, all too often these are false promises that do not materialize. If you can find a program that pays as claimed, you may consider yourself one of the lucky ones.

It’s pretty pathetic when not losing is considered winning, but that’s the case with many investments. We may be happy not to lose our jerseys, even though the gurus told us that we would earn 100% or more from their recommendations. By following the gurus’ recommendations, it is important to cut losses before losing your shirt, so to speak. Winning is the goal, of course.

False claims and dead ends can be very stressful. Minor setbacks can be overcome without major losses. It’s tempting to listen to investment gurus to follow in their footsteps and land winning trades. However, you cannot trust many or most of them. It is better to research and learn so that you can trust yourself to make the best decisions.

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