Who can you trust when you invest?

The fear and uncertainty caused by the coronavirus pandemic has spread around the world. On top of these problems, the world has once again drawn attention to the police brutality of blacks. The tragic murder of George Floyd by a Minneapolis police officer and the police killings of other blacks flooded the news. Demonstrations, peaceful protests, and sometimes riots and violence have captured the interest of the United States and other parts of the world.

The world is in turmoil and people may not have investment in mind. But with a pandemic, many people have suffered financially, so money is an issue. Maybe they are looking for a way to make much needed money.

There are still a lot of gurus who want you to trust them by subscribing to their stock investment newsletters. They promise big returns and make big claims. Their testimonies sound almost too good to be true. Maybe they are.

So-called investment gurus advertise their programs even when unprecedented times caused by coronavirus have swept everyone. They say there are exciting investment opportunities in oil, banking, crypto, medical companies, and even during these troubling times. They have common names like Jon, Tom, Ken, Alex, Mark and Jeff, as well as some other unusual names like Jordan, Derek and Kyle. Who can you trust? It’s hard to know.

Sometimes they promise a 100% return on your investment or they may be brave enough to promise $ 2,000 a year. They say you will most likely get a return on your investment with the first trade. If they promise large returns, it is best to secure a refund if they do not produce as claimed.

If those promises were fulfilled, it would be a great opportunity and a blessing. However, too often, false promises are not fulfilled. If you can find a program that is paid on demand, you can consider yourself one of the lucky ones.

It’s pretty pathetic when a loss isn’t considered a win, but that’s the case in so many investments. We may be happy that we simply will not lose our shirts even though the gurus have told us that we will win 100% or more with their recommendations. When following the guru’s recommendations, it is important to reduce your losses before you lose your shirt, so to speak. Winning is the goal, of course.

False claims and dead ends can bring a lot of stress. Smaller downtimes can be overcome without major losses. It is tempting to listen to investment gurus who follow in their footsteps to achieve profitable deals. However, you cannot trust many or most of them. It is best to research and learn so that you can trust yourself and make the best decisions.