“People start being interested in something because it's going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich and they aren't. And their spouse is saying can't you figure it out, too?”
The first question you need to ask yourself to reduce the risk of becoming a victim of financial fraud of various types is the following: am I investing in financial instruments that I understand so thoroughly that I can explain how they work to others in simple words?
The first question you need to ask yourself to reduce the risk of becoming a victim of financial fraud of various types is the following: am I investing in financial instruments that I understand so thoroughly that I can explain how they work to others in simple words?
Independently check the market values of the instruments in your portfolio through online ISIN code searches. This can help you compare and confirm that the values shown on bank statements actually correspond to market quotes.
Check your situation during your advisor's absence: take advantage of periods when your advisor is on vacation to check your bank position with the assistance of substitute.
Check paper correspondence periodically: receive correspondence directly at home and check it periodically, this is to prevent possible mail manipulation.
Always maintain secure access to your online banking account by being vigilant about the transactions you perform and not sharing your login credentials with others.
Keep an eye on possible risks of financial fraud at all times!
1. Always maintain secure access to your online banking
2. Check your paper correspondence
3. Check your situation during your advisor's absence
4. Check the market values of the instruments in your portfolio
Do you really think that hiding your IP address or using a VPN will protect you?
Advanced search engines obtain information through data from our device's GPS, from sensors surrounding the Wi-Fi networks we use, from the analysis of our navigation data.