If you have trouble understanding a legal document or monitoring an investment, seek assistance from a family member or a professional whose business reputation can be confidently confirmed rather than from a stranger. To a dishonest individual, such information can be a quick means to steal your hard-earned money. When purchasing a securities product, never make your check out to a salesperson. Similarly, be wary of a saleperson's offer to have a courier quickly pick up your money, a clear tip-off to a possible fraud. By Their Promises Experienced scam artists can sound very smooth and they can make even the flimsiest deal seem as safe as putting your money in a bank.
Swindlers often try to take advantage of the trusting nature of mature residents.
One tactic is to become friendly with prospects, calling several times just to chat and try to earn a measure of comfort and trust before perpetrating a scam. The sound of someone's voice, particularly over the telephone, has no bearing on whether a potential investment is legitimate or wise. Always carefully investigate the salesperson, the firm and the investment opportunity before investing your money. Balance Emotion With Caution Unscrupulous salespeople can try to exploit your natural fears and emotions. If you are worried that your savings will run out or that future health care costs may overwhelm you, a salesperson may repeatedly try to reassure you that investing in the product he or she is promoting will ease your troubles.