How can you
avoid being scammedConsulting is a minefield for small investors. However, these simple steps you can avoid being taken for a ride:
Keep track of your history
Before entrusting your money to a money manager to know how good it is. Research the history of the funds he advised 2-3 years ago. Consult an expert to determine the suitability of the products they recommend now to judge.
Put it in writing
Let us go through the sounds. According to the rules, mutual funds do not assure profitability and insurance companies may take only 6% or 10% yield. If asset managers expect about 20-25% of capital investment, which must give written.
Take notes
Write down what it says. It will record not only what he said, but the impression that you give serious.
Looking for a second opinion
Do not feel the asset manager, as if you are on your own. tell him you will discuss the agreement with an expert (a financial advisor or accountant) before boarding.
Do not rush things
Haste makes waste. Do not close the deal in just 1-2 sessions. Take time to understand the plan and arrangement.
Do your own research
Read plans and proposed investments by fund managers. Behold, how good that fit their financial goals.
