Investment Warnings

Help yourself avoid bad investments by doing some basic safety checks before you hand over your money.

ASIC through their Money Smart publication have put together some great information on investment warnings.  These safety checks are there to provide a reality check, and ensure investors are doing their due diligence before they place monies in investments.

  • Company director fraud – How to tell if a company director is illegally using your investment for personal gain.
  • Illegal managed investment schemes – It’s generally illegal to offer units in a managed investment unless it is registered with ASIC.
  • Initial Coin Offerings (ICOs) – Find out the risks of investing in blockchain technology projects.
  • Investment seminars – Don’t believe claims that attending an investment seminar will turn you into a millionaire in a few years.
  • Investment trading software – Be wary of claims you can make lots of money using investment trading software programs.
  • Land banking – This type of property investment has a number of risks. Find out what to check before investing.
  • Sports betting systems – At best, sports betting software schemes are gambling. At worst, they are scams.
  • Unexpected offers to buy your shares – These offers often try to buy your shares for much less than the current market price. You should be aware of some pitfalls if you get such an offer.
  • Cryptocurrencies – We explain how digital currencies work and the risks you take buying, trading or investing in them.
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Disclaimer: The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. To the extent permissible by law, neither we nor any of our related entities, employees, or directors gives any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of information contained in this newsletter. This information is of a general nature only. It is not intended as personal advice or as an investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should read the product disclosure statement of any financial product referred to in this newsletter and speak with your financial planner to assess whether the advice is appropriate to your particular investment objectives, financial situation and needs.