Swindlers know that many seniors welcome phone calls, even those from strangers. If you are dealing with a stockbroker or financial planner in person, don't be swayed by offers of unrelated advice or assistance that are merely efforts to develop a sense of friendship and dependence. Don't seek companionship from someone whose only real interest is to get his hands on your money. Always stay in charge of your money. Beware of any financial professional who suggests putting your money into something you don't understand, or who urges you to leave everything in his hands.
Constant vigilance is a necessary part of being an investor.
If you understand little of the investment world, educate yourself or involve a family member or a professional, such as your banker or lawyer, before trusting a stranger who wants you to turn over your money. Never judge a person's integrity by the sound of his voice. Successful con artists sound professional and can make the flimsiest investment deal appear as safe and sound as putting money in the bank. Some swindlers combine their sales pitches with polite manners, knowing that many seniors equate good manners with integrity. Watch out for salespeople who prey on your fears.