Don’t get ripped off by these shady investments that are basically scams in disguise.
I’ve seen too many people financially wounded from buying this crap. 😠
There is nothing worse than getting ripped off, losing money to something you shouldn’t have bought in the first place.
Because someone misrepresented something and sold it to you just to make money.
Being a financial advisor, I’ve seen so many people that have bought investments that they shouldn’t have. They didn’t understand it and their advisor sold them something that they didn’t need.
Thankfully, you are watching this video and I want to prevent you from being Ripped Off!
I am going to highlight the 5 biggest investments to avoid because I don’t want you to lose your money.
00:00 Intro
01:39 ➡️ 1. Loaded Mutual Funds (A Shares) – These are mutual funds that when they are sold the advisor or broker that sold them are going to make a commission for that sell.
06:01 ➡️ 2. Actively Managed Indexed Funds – This is one of the most common investments that people get into when they start investing.
09:51 ➡️ 3. Non-traded REIT’s – REIT’s can be a good investment – but Non-Traded REIT’s are different, the are “Illiquid” meaning you can’t cash out your money until it comes due (which could be 10 years or longer).
14:14 ➡️ 4. Whole Life Insurance – It is not 100% bad, but for the most part investing in whole life insurance is not a good move. Buy a term policy, it is so much cheaper!
19:05 ➡️ 5. Indexed Universal Life Insurance – These policies may make sense if you have maxed out your 401K and Roth IRA. So what is it? It is a policy that is tied to some sort of index, so you are subject to what the index does.
You can make a lot of money if you chose to invest wisely. There are so many scams, and so many ripoffs you can avoid.
Have you bought one of these investments? Have you been ripped off?
Have you bought an investment, that I didn’t’ mention, and feel like you’ve been ripped off? 😤
Let me know in the comments. Let me know what you bought and how you got ripped off.
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Investing can be a great way to grow your wealth and secure your financial future. However, with the rise of online investing platforms and the ease of access to information, it has also become a breeding ground for scams and ripoffs. It’s important to be vigilant and avoid falling victim to investment ripoffs that can drain your hard-earned money. Here are the 5 biggest investment ripoffs to avoid:
1. Ponzi Schemes: Ponzi schemes promise high returns with little to no risk, but in reality, they use new investors’ money to pay off existing investors. These schemes eventually collapse when there are not enough new investors to sustain them, leaving many investors with significant losses.
2. Pump and Dump Schemes: In pump and dump schemes, fraudsters artificially inflate the price of a stock through false or misleading information, then sell off their shares at a profit while unsuspecting investors are left holding worthless stocks.
3. Binary Options Trading: Binary options trading is a form of high-risk investment where investors bet on the price movements of assets such as stocks, commodities, or currencies. It has been widely criticized for its lack of transparency, high fees, and potential for investors to lose their entire investment.
4. Forex Trading Scams: Forex trading is a popular investment option, but it is also susceptible to scams and fraud. Some brokers may engage in unethical practices, such as manipulating prices or not executing trades as requested by investors.
5. Cryptocurrency Scams: With the rise of cryptocurrencies like Bitcoin and Ethereum, there has been a surge in cryptocurrency scams. These scams often involve fake ICOs (Initial Coin Offerings), Ponzi schemes, and phishing attacks that trick investors into giving away their digital assets.
To avoid falling victim to these investment ripoffs, it’s important to do your due diligence and research any investment opportunity thoroughly. Be wary of promises of high returns with little risk, and always seek advice from a trusted financial advisor before making any investment decisions. Remember, if an investment opportunity sounds too good to be true, it probably is. Stay informed and vigilant to protect your hard-earned money from shady investment scams.
I got an iul policy. It’s worse than whole life. When I need it to pay out, it will be too expensive. Most insurance policies don’t pay out
I didn’t pay the upfront commission on my American fund’s investment. Apparently they said I would have been better off to pay the big fee in the long term. I completely agree with you it was a bad investment.
He looks a lot like one of the Backstreet Boys
The first two you spoke about are in my 401k is this bad?
Whole life polices works because your investments within it do not go to your estate upon death. Thus protecting the benificary from taxation. The fees are miniscule in comparison with the tax savings.
It works for generational wealth. But if you want to access the money it makes it difficult. However you could borrow against it… paying 0 tax.
There is a possibility that your benificary may even avoid the creditor because the debt is not theirs.
However if your investments go to the estate they will be subject to both tax and creditors.
Coinpull investment company is Legit?
Is idt energy inc, on ur list?
THANK YOU SOOOOOOO MUCH FOR YOUR HELP!!!
How do financial advisors get paid?
Do they not receive a commission or charge a fee?
I ask this because you are against whole life insurance even though it's been proven over the course of time, certain participating whole life insurance to offer very competitive rates to bonds. Since they paid based on commission they are more than likely no looking out for my best interest.
Can you how me the best way to avoid paying a commission or fee to a financial planner/advisor like yourself. As if you are getting a commission or fee for providing financial guidance clearly you are more concerned with your own interest than my own.
How do I really capitalize by avoiding paying any financial planner/advisor/insurance agent/stock broker anything, so all my money can be utilized without any of these guys getting a piece?
What about DST Real Estate