My computer has developed an interesting virus…
Every now and then when I click on my browser while surfing the web a page opens asking me to invest my money for massive growth, 30% a month to be exact.
The page is that of MMM Global.
MMM Global is a ‘social financial network' as it terms itself…
I've written about the company before. But it seems like MMM's marketing efforts are... ››› more
Investing is all about getting your money to work harder for you and making it grow. In your quest to find great investment opportunities, you may come across investment scams.
The most common investment scams include Ponzi schemes.
So what should you be wary of so you can spot an investment scam like this?
Read on to find out…
The start of Ponzi schemes
Ponzi schemes get their... ››› more
This week, there has been a lot of coverage of an alleged Ponzi scheme that could affect investors of South African unit trusts.
The allegations surround a South African fund manager, Cobus Kellerman, and his involvement with Mauritius-based Belvedere Management.
This has resulted in many investors worrying about the security of their investments.
So what's going on? And are these investm... ››› more
Wednesday 11 December saw the five-year anniversary of the arrest by US federal authorities of Bernie Madoff. Madoff was a financial advisor who ran the biggest Ponzi scheme in history, defrauding investors out of tens of billions of dollars. So how can you avoid investing in Ponzi schemes and other investment frauds and scams? Read on to find out…
There are certain red flags investors should ... ››› more
Ponzi schemes are in the headlines again! Today, Chris Walker, sole owner of Net Income Solutions (trading as Defencex), is set to finally defend his alleged Ponzi scheme. But there are doubts that Walker will even show up. While we wait to find out what will happen, use this time to safeguard your investments against Ponzi and pyramid schemes by checking for the three clear signs that you're abou... ››› more
Hardly a month goes by without a new Ponzi scheme or investment scam making the headlines. And while you may think ‘they should have known better', it's easy to fall for promises of massive interest or profit - that's the point of investing! Luckily, if you keep your head, there's an easy way to avoid falling for these investment schemes.
Despite all their bad press, South African investors c... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.