The latest Netflix docuseries showing the rise and fall of financier Bernie Madoff is a stark reminder of the risks associated with investing. As responsible people, it’s essential to understand the basics of investing and how to protect yourself and your family from investment fraud. Here are some tips we can learn from Bernie Madoff to keep in mind when it comes to investing:
1. Invest with knowledge: Before investing, make sure to understand the ups and downs of the market and create a plan that works for your family.
2. Avoid investments that guarantee returns: While some investments may promise high returns, be wary of these as they can be too good to be true.
3. Do your due diligence: Don’t be fooled by the “exclusivity pitch” and make sure to research all investments thoroughly before investing.
4. Don’t be deceived by numbers: Calculate all possible risks before investing and be sure to diversify your investments.
By following these tips and investing with caution, you can protect yourself and your families from investment fraud and ensure their money is safe and secure.
If you have any questions please reach out to this Inspired Money Team who will be happy to assist you with any investing queries or concerns. You can reach the team on 08 6222 7909.
