Kymin News
Keep up to date with all our latest news as a company and within the investment world.
On World Earth Day, here are a few things we are doing to make a small difference.
We are committed to continually improving the way we do things as a business, and with each passing year, we’re always striving to meet our goals and find new ways to do better.
Protecting yourself from Investment Scams
Investment scams are a rising concern, promising potential investors the allure of making a significant amount of money swiftly and effortlessly. These scams often involve minimal to no risk investments in various areas such as financial markets, property, cryptocurrencies, and precious metals and coins.
These schemes often masquerade as legitimate investments
with convincing websites, glowing testimonials and persuasive marketing material. However, it’s crucial to remember that if something sounds too good to be true, it probably is.
One of the most notorious forms of investment fraud is the Ponzi Scheme. This method involves collecting money from new investors to pay off earlier ones. Eventually, the scheme crumbles when the debts exceed the incoming funds, leaving many investors penniless.
‘Proven’ Investment Strategies
Additionally, some scams start with offering complimentary investing seminars or training sessions. These free offerings usually serve as bait, leading to substantial charges for additional lessons or coaching that claim to enhance your chances of success.
The scammers may assert that their programme provides you with an easy-to-use system, complete with a team of experts who handle everything on your behalf. They may also give you the opportunity to learn about ‘proven’ investment strategies.
Evolution of scams in the digital age
In today’s digital age, investment scams have evolved into intricate webs of deceit. Some are so convincingly crafted that even seasoned investors fall prey to them. Scammers employ various tactics, such as cloning legitimate firms’ websites or luring potential victims into unregulated investments, promising returns far superior to savings accounts.
Start your journey and book a discovery meeting with us today
Start a new relationship with your finances by booking a discovery meeting.