Who can you trust when investing?

Fear and uncertainty caused by the coronavirus pandemic have spread around the world. In addition to these problems, the topic of brutality of police black men has again been brought to the attention of the world. The tragic assassination of George Floyd by a Minneapolis police officer and the police killings of other black people have 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 think about investing. But because of the pandemic many people have suffered financially, so money is a problem. Perhaps they are looking for a way to make much needed money.

There are still many gurus who want you to trust them by subscribing to their stock newsletters. They promise big profits 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 affected everyone. They say that even in these troubled times there are exciting opportunities to invest in oil, banking, crypto, medical companies and more. They have common names such as John, Tom, Ken, Alex, Mark and Jeff, as well as some unusual names such as Jordan, Derek and Kyle. Who can you trust? It’s hard to know.

Sometimes they promise a 100% return on your investment or can be bold enough to promise 2000% a year. It is said that you are more likely to get a return on your investment with the first deal. If they promise big profits, it’s best to make sure they have a money back guarantee if they don’t produce as stated.

If these promises come true, it will be a wonderful opportunity and a blessing. Too often, however, these are false promises that do not come true. If you can find a program that pays as stated, you can consider yourself one of the lucky ones.

It’s pretty pathetic if no loss is considered a win, but that’s the way it is in many investments. We can be happy that we just won’t lose our shirts, although the gurus have told us that we will win 100% or more with their recommendations. Following the guru’s recommendations, it is important to reduce your losses before losing your shirt, so to speak. Victory is, of course, the goal.

Fake claims and deadlocks can bring a lot of stress. Minor failures can be overcome without serious losses. It is tempting to listen to investment gurus to follow in their footsteps to get winning deals. However, many or most of them cannot be trusted. It is better to research and learn so that you can trust yourself to make the best decisions.