Did you hear?
Some unfortunate crypto investors/traders lost everything.
And that's not hyperbole.
In just under a month, one crypto exploded 83,000%. Only for it to erase all these gains just a couple of weeks later.
So what happened?
Will you outlive your money?
My colleague Josh Benton recently discovered a w... ››› more
Some years ago I called out the Sharemax investment scheme.
And I got flack from advisors and investors invested in the company - collecting fat dividends.
But Sharemax crashed and burnt. And investors lost out big time.
In early March 2016 I warned investors that MMM Global would bankrupt them.
I received hate mail, MMM Global investors laughed at me. You see, they ... ››› more
I'm really concerned…
I just came across a group of investors. 29,595 people to be exact.
These investors are all part of a group called “It's all about Online Stokvels”.
Don't get me wrong. A stokvel is a great thing. A group of people putting their funds together, investing it, and sharing the returns when they're needed.
But what I've seen on this group isn't real ‘Stokve... ››› more
One of my ongoing quests in life, is to find the scams that are losing traders and investors all their money.
At least once a week, I Google this exact phrase.
“How to get rich quick with trading?"
You'll be surprised at the number of unregistered companies and individuals there are, trying to swindle people's hard earned money.
But the scam I want to talk to you about today is the B... ››› more
There are so many Forex scams out there promising fast gains and lucrative returns, that when most traders hear the word “Forex”, they immediately think that we're out there to swindle you out of your money.
But at FSPInvest, we don't make promises that we can't keep. So when we say that our Forex Trader service is a great way to make quick gains from trading international currencies, we m... ››› more
“What exactly does FSPInvest do?”
When it comes to business, I believe in transparency. In the last week alone, at least three people have asked me, “What exactly does FSP Invest do?”
As the largest direct mail publisher in Africa, we take for granted that our readers know what we do. But since FSPInvest welcomes thousands of new readers every single month, it is important to remind... ››› more
MMM Global could cost you a lot more than just the money you've put into the scheme…
On 13 January 2016 I warned you the MMM Global scheme could cost you everything you invest in it.
On 23 March 2016 I told you it was an illegal pyramid scheme and its collapse is looming.
And as we're speaking this scheme is collapsing. But if you still put any faith in it, and according to reports m... ››› more
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
With the growth of the Internet over the past decade or so, we conduct so much of our lives online.
Many of our online activities involve money. Think about banking. You don't need to receive a statement via post, you can view it online. You don't need to visit the bank to transfer money, you can do it online.
But with this revolution comes the risk of losing your money to scammers. While th... ››› more
Five Christmas trading scams - Part 5: Your trading scam questions answered!
Johannesburg, South Africa
Timon Rossolimos, Editor Trading Tips
Dear Trading Tips reader,
What better way to end the Five Christmas trading scams than with your questions answered.
We've had hundreds of questions asked on the InvestorsClub.co.za about trading and investing scams.
... ››› more
First thing in the morning, you grab a coffee and open the newspaper. You scan through the headlines to see what's going on in the world. And then you decide to look at the classified section. In your mind you have that idea. One day there'll be a profit opportunity for you to make a side income from doing what you love. There is one tiny advert saying: Forex Trader wanted: Bank R100,000 a month t... ››› more
When there are opportunities to take someone's money, there are opportunities for fraud. I'm sure you've received a couple of these kinds of SMSs. “You just won R500,000, claim your prize now” “You're our 1,000,000th customer, you've just won R50,000” “Bank 1 million rand from doing absolutely nothing, just fill in this questionnaire” The catch is when you have to put in your banking d... ››› more
It's an ongoing quest trying to find the best broker. You'll always look for the cheapest broker with the lowest costs. But sometimes, finding that “amazing” broker can cost you thousands in the long run. Let me explain.
They will suck cash until you’re broke!
In an enormous market like the Forex market, competition is extremely tight. Brokers have to go out of their way to find the best... ››› more
Forex markets are among the most active and profitable trading markets, in the world. And where money lies, so do opportunities for fraud, profit and manipulation. You need to watch out for those serpent companies out there. Their sole purpose is to generate profits for themselves and for NO one else. And sure business is business at the end of the day. But ethics are also ethics. And when a busin... ››› more
Unfortunately the investment world has its scam artists. The most common of these scams are Ponzi schemes and pyramid schemes.
So what exactly are pyramid schemes? What makes a pyramid scheme different from a Ponzi scheme? And how can you avoid investing in one?
Read on to find out…
What are pyramid schemes?
Pyramid schemes are a type of investment scam. They’re similar to Ponzi... ››› 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
If you're thinking about investing offshore, one thing holding you back may be concerns about investing in a scam or fraudulent investment.
Just like in South Africa, unfortunately there are scammers in other countries trying to con you out of your money.
But the good news is, by sticking to some guidelines you can ensure that you put your money to work in reputable and creditable investment... ››› more
Investing offshore can benefit your investment portfolio by boosting returns and adding much needed diversification.
But you can't blindly approach investing offshore.
Before investing a cent, you need to do your due diligence. By doing this, you'll reduce the chance of making an investment mistake you'll live to regret.
Read on to find out what to look for…
Six ways to spot scam... ››› more
Everyone can fall victim to credit card scams. Knowing how to protect yourself and watching out for potential threats can make it much more difficult for scammers to take control of your credit card account.
Don't think that it can't happen to you. Because it can. And Christmas is that time of year when credit card fraud is at its peak.
Here are a few ways you can protect your credit cards fr... ››› more
The number of people struggling with consumer debt is on the rise, making it the perfect opportunity for credit repair scammers to thrive. If you're not careful, you could be the victim of credit fix scams, which promise to erase all your bad credit and give you a fresh new identity.
These scammers try to fool consumers with bad credit histories. They often promise to get consumers' names remo... ››› 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.