Business & planning
Do I have an uninterested, self-sufficient, well-informed, honourable individual who can provide my counsel? It is also advisable if an independent appraiser of a particular asset can be obtained to give a third party view of the assets that an individual or business is planning on venturing upon. An appraisal or appraiser offered by the selling company might not be reliable so it is imperative that if an appraiser is to be used, a non interested party should be contacted. It might also be worthy to speak to previous asset holders of the company.
An in-depth discussion with an accountant and financial advisor that you can trust can be truly beneficial in this regard. Do I know something about the company or person I am choosing to do business with? It is important to know the company you are dealing with, their background, founders, proof of existence, and registration with the regulating bodies needed to allow them to sell securities. Is the company known for its good track record or does someone you trust know of or heard of this company. Many law enforcement agencies are abundant in the community.
The Better Business Bureau is an area where you can check but it is not without fail safe. It must be realized that even scam companies can be registered and it might be too late for the investor’s money to be returned if they have already been scammed. A prudent investigation of the company, seeking information only from trusted sources should be the way to go. Is there a way to differentiate a legitimate company from a fraudulent one? Don’t let aesthetics dupe you. For a small amount of money and a little bit of know-how, anybody can register a company with the commission.
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When your investment is already vanished these deceptive advisers usually make use of “risk disclosures” that protect them against claimants. Is there a way to be certain if a sales agent is not lying to make me invest? Scams abound and so do scam artists and both lie. The success of these scammers depends on providing their intended victims with seemingly fool proof answer to all questions. A scammer will raise the cost yet provide worthless investments. Assurances of profits for years to come and the victim will be left helpless when the truth comes out that these con artists just run out with their hard earned cash
Do I know when something is too good to be true? When you see something and think it’s too good to be true then it probably is. An investor should realize that investing is a risky venture. And anybody who will tell you otherwise is lying. And anyone who professes to an investment that will yield a profit as quickly as your money leaves your wallet should provide ample and credible proof of his claims. A written proof of profits and potential profits, company projections for a specified number of years from an independent credible source should be provided. Know that all potentially high yield investment schemes also yields high risks.