The fear and uncertainty caused by the coronavirus pandemic has spread around the world. On top of these problems, the issue of police brutality against black men was brought to world attention once again. News flooded the tragic murder of George Floyd at the hands of a Minneapolis police officer and the killing of other blacks. Demonstrations, peaceful protests, and sometimes riots and violence have captured the attention of the United States and other parts of the world.
The world is in turmoil, and the investment may not be on people’s minds. But with this epidemic, many people have suffered financially, so money is an issue. They might be looking for a way to make some much-needed cash.
There are still many educators who want you to trust you by subscribing to our stock investing newsletters. They promise big returns and make big claims. Their testimonials sound too good to be true. Maybe they are.
So-called investment gurus are promoting their programs even though the unprecedented times caused by the Coronavirus have affected everyone. They say there are exciting investment opportunities in oil, banks, cryptocurrencies, medical companies, and even during these trying times. They have common names like Jon, Tom, Ken, Alex, Mark, and Jeff as well as some uncommon names like Jordan, Derek, and Kyle. Who can you trust? It is difficult to find out.
Sometimes they promise 100% returns on your investment or they may be bold enough to make a promise of 2000% a year. They say you will likely get the return on your investment through your first trade. If they promise big returns, it’s best to make sure they have a money-back guarantee if they don’t deliver as alleged.
If those promises come true, it will be both a great opportunity and a blessing. However, they are often false promises that do not come to fruition. If you can find a program that pays as desired, you may consider yourself one of the lucky ones.
It is pathetic when a loss is not considered a winner, but this is the case in many investments. We might be happy not to lose our T-shirts even though the teachers told us we would win 100% or more with their recommendations. When following the recommendations given by the teachers, it is important to minimize losses before you lose your shirt so to speak. Winning is the goal, of course.
False claims and dead ends can cause a lot of stress. Minor setbacks can be overcome without heavy losses. It is tempting to listen to investment experts to follow in their footsteps to get bargains. However, you cannot trust many or most of them. It is best to research and learn so that you can trust yourself to make the best decisions.