Show Notes for this Episode:
Challenging financial times, or say, a major public health crisis like a coronavirus, bring out the “shiny object investments”. These investments are designed to grab your attention and lure you into making risky bets with your money. The people and companies behind these investments prey on your fears and vulnerabilities.
There is no such thing as “get rich quick”. If it sounds too good to be true it probably is. Investments that sound exciting and like a no-fail opportunity are designed to make you ignore the risks, which are usually significant!
Hot stocks and no commission trading can also lead to danger. Remember when the dot com bubble burst?
This is a time to be cautious and careful with your nest egg.
In this episode you will learn:
- The current shiny object investments being peddled on tv, radio, and the internet
- Why you shouldn’t invest in something you don’t understand
- The hidden dangers of “get rich quick” investment offers
- The dangers of chasing the hot stocks of the day
Shiny object investments are prevalent during challenging financial times. Beware of investment offers that sound too good to be true!
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