Many novice investors fall trap to marketing agents who sell them a loss making stock while giving very high promises. So one should be aware of such traps for stock investing which ultimately helps in loosing your hard earned money and may be even making you bankrupt. But how to identify a stock scam? is a big question. Although there is very less percentage of people which fall prey to stock scams but make sure you are not the one to fall into this list in future.
Here in this post I shall list few characteristics of a stock scam, which you should be aware of so that in future if you get any call from telemarketer telling you for a very good investing oppurtunity which gurantees you 2x or even more returns...blah blah blah...then you should not fall into his trap and invest your hard earned money into it.
6 Characteristics of a stock scam:
1. The most important thing one has to keep in mind whenever any telemarketer calls you for Investment oppurtunity is to ask for "mailing the policy terms and conditions document" to your inbox rather then listening to his rubbish statements over phone. Most of such agents who sell scams will never forward you the actual official terms and condition document because they speak lies over phone whereas actual investment terms are no way near to ehat they say and mind you "
No stock investment oppurtunity can ever offer guarantee returns", So following this approach you are saved from falling into a stock scam for sure.