Don't Be Another Investment Scam Victim

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The question has been asked, what should investors look for when it comes to choosing the right investments? With the turbulent global financial markets many investors want to make sure that they make the right decisions when choosing an investment strategy. The Australian Stock Investment Club has prepared some timely tips and a checklist to assist investors when choosing their next investment.

Literally each day there are more and more investment opportunities popping up around every corner and each day there are thousands of people who have been victims of an investment scam.

In these hard times of not knowing which way to turn and what types of investments to choose, it always comes down to the following; property verses share market, long-term verses short-term, fixed verses variable. With any investment opportunity there are always risks and rewards to be achieved but it's important to realise there is always detailed information made available to help the investor make an informed and educated decision before they take the nerve racking leap of investment faith.

When researching any investment opportunity, investors should look at both the technical and fundamental information that is readily available for genuine investment opportunities and if information is not readily available caution should be applied.

The simple fact is that you don't have to be wealthy to invest but you do have to invest to become wealthy.

Over the past two years, the Australian property markets & stock exchange prices have been rapidly decreasing causing novice investors to panic in these "what seem to be" downhill times.

Even during this emotional economic downturn, the proactive experienced investors and international investment groups have still managed to receive generous and outstanding profits from the Australian markets. This has proven that Australia is still one of the investment hotspots on the globe for both local and International investors alike.

So which investments should you choose to avoid being ripped off or incurring continual losses?

Unfortunately, with all the bad publicity surrounding the investment products of today it has also provided the opportunity for backyard companies to prey on the emotions of investors. Investors today should be warned and aware of all the get rich quick schemes that have been popping up over the years across Australia. Adhere the warnings to stay away from any unlicensed investment companies, including but not limited to unwarranted overseas share or property companies, horse racing programs and arbitrage betting (sports betting systems). Generally if an investment opportunity arises and it sounds too good to be true then it usually is. Investors are urged to be cautious when it comes to outlaying any funds for investments until they can verify the companies registered licences and credentials -- verification of credentials can easily be sought through the Australian Securities & Investment Commission (ASIC) by visiting http://www.fido.com.au.

To assist you in determining the legitimacy of any investment or investment company, Richard White, Director of the Australian Stock Investment Club, has prepared a short checklist:

  • Is the company registered with ASIC and do they have a Financial Services License Number?
  • Does the company have an Australian Business Number (ABN)
  • Is the company's address displayed on their website along with their contact details?
  • If the company contacted you directly, how did they get your contact information?

Don't be just another investment scam statistic -- do your homework and ask questions!

Author: Bertus Van Den Heever

Contact: Michelle Bryant
The Australian Stock Investment Club
(07) 5562 9100 (1300 365 839)
michelle.bryant@asiclub.com.au
ASI Club Website

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