Where You Should Not Invest Money During A Crisis
Posted By tsauthor on January 30, 2011
The crisis, which turned to some people major problems to the others allowed the great opportunities for the earnings. In recent months, the number of commercials and ads that promise the people of diverse income has increased significantly. We analyzed the most common “money” ads, and tried to figure out how they are beneficial and not pose there for you, dear readers, risk of the losing your savings.
Earn Money Online. Financial operations, revenue up 100% per annum and above.
What do they offer?
Such proposals can not be found everywhere on the street – they are distributed on the internet and email. In most cases we are talking about so-called HYIP, which promise to yield up to 30-50% per day! HYIP is the abbreviation, that is, high-yield investment fund. To invest in a HYIP, it is necessary to transfer electronic money (similar to real money for payments on the Internet) from your electronic purse to the organizer of the fund. Profits can come back to you on an electronic purse on a daily basis or every few days – it all depends on the strategy of the fund.
Risks
Dupes are lured by the promises of high profits from trading in currency, real estate, stocks and even antiques. And actually HYIP is a classic pyramid scheme that paid investors their first profit from the proceeds of the money from the new investors. When the flow stops, cease also the payment of income and amount to investors and the fund closes. Hope that you will have the time to get out of this fund is not worth it – the risks are too high.
Credit Union: taking deposits to 61% per annum
Today Deposit offers credit unions are full of unrealistic rates – in some they reach 30-35% per annum. But many of them are the real deception, which is hidden behind the tempting promotional offer.
So, now you can invest in credit unions, but only cautiously. Many unions today are ruined (usually not because of the crisis, but because of the fraud management), although there are others that work fine … even a sly credits! Therefore, before the investing your money in the credit unions, make sure that they have the necessary permits for these activities (state registration certificate, certificate of registration of financial institution, license, resolution, raise funds, members of the COP on deposit accounts, pay attention to the expiration date, as this information can be clarified in the Commission Financial Services Commission which is engaged in the supervision of credit unions), read the deposit agreement and follow the behavior of other customers, ask advice from the experienced customers and don?t hurry to entrust your money to anybody.
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World crisis has made lots of people look around for ways to save money and saving money expert. Another part who already earned some cash and would like to make more, no doubt might need mutual funds investment advice. Moreover, financial planning might be of great interest to young people as they need to arrange many things in their lives, and here financial advice for young people site could help them.
Luckily we live in the world of digital technologies. It wouldn’t be wise not to use this truly unique chance. Modern online technologies give us a way to break the borders and look for anything we need all over the planet. Visit social networks, review related topics, join online discussions in niche forums. All this will help you be well informed about the events concerning your hobby. Also, subscribe to the RSS feed on this blog not to miss new publications on the topic.
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