Learn to Smell a Financial SCAM

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Most personal finance guys will tell you that the stock market returns somewhere between 8% and 11% per year. A quick glance through the late night informercials will find you people claiming to earn 100% per week. Do believe it's possible for everyone to get this rich? What would happen when too many people started copying the same system?
When reading some of these claims just think about the SCAM to try and keep your money safe.
Super Earnings - If the claims of earnings are more money that you could possibly dream being in the shortest time frame you could possibly imagine it's likely a scam, or at best illegal.
Certainty - Will the company offer any type of guarantee on any of their claims? How about a portion of their claims? If you get the default statement "results not typical" you may want to start looking elsewhere. You want the company to have some stake in the claim, and without a written guarantee you won't have much to stand on when your money vanishes.
Agitated - A good test is to have the salesperson contact you back a couple of times or continue to ask the salesperson a lot of questions. If the person becomes agitated with you, your spidey senses should start tingling. They are already under pressure breaking the law, but they are on a time frame before reports of the scam start rolling in. Real salespeople should be working with you not pushing you.
Mood - High pressure salespeople always make me wonder why they are pushing so hard. This is not a great finger pointer for a scam as some very honest salesman are high pressure, but combined with other SCAM points it makes me feel better about killing the conversation.
Hopefully, the next time you're surfing the net for a get rich plan you think about the impending SCAM as you read the fairy tales of pennies from heaven.

Article Source: http://depositarticles.com/

William Spohnholtz is a process engineer by day, Arabian horse owner by evening and weekends, and Money blog writer in every spare moment in between. Do you know how the market cap of a company could affect its returns? Check out EasyLearnStockMarket.com to find out more.

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