Beware when Investing. Do not ever invest with fast talkers over the phone.
Please tell me you didn't do it. I certainly hope that you have not had to learn your lesson the hard way. Have you ever invested over the phone with a high pressure salesperson? I am sorry to hear that and I wish I could have gotten this information to you prior to you losing money. You did lose money right?
If anybody calls you up and prospects you to do a trade over the phone, just politely say not and hang up, or if you really wish to be nice take all their info and do your research. Nowadays you can invest online without the assistance of a broker, and you may do better. The reason is oftentimes because anybody who is desperate for you to take a position in their recommendation is more interested in themselves and their firm than ensuring your well being. Of course, to be just, this is not the case 100% of the time, only about 90% of the time. Don't do it... Period!!!
Investigate anything you are doing before doing it. Do not just check one source but many, and make sure that you spend an amount you can afford to lose. Thank You for heeding this advice.
If anybody calls you up and prospects you to do a trade over the phone, just politely say not and hang up, or if you really wish to be nice take all their info and do your research. Nowadays you can invest online without the assistance of a broker, and you may do better. The reason is oftentimes because anybody who is desperate for you to take a position in their recommendation is more interested in themselves and their firm than ensuring your well being. Of course, to be just, this is not the case 100% of the time, only about 90% of the time. Don't do it... Period!!!
Investigate anything you are doing before doing it. Do not just check one source but many, and make sure that you spend an amount you can afford to lose. Thank You for heeding this advice.
I sure wish that I had not given that $5,000 to my penny stock broker. He lost almost all of my savings.
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