Protecting yourself doesn’t mean you have to get into your shell and stop seeking out new information about investments. Rather, it does mean you should take care to evaluate whether the person giving you the information is trustworthy.
It would interest you to know that fraudsters rely on a variety of techniques and tactics to trick consumers out of there money. While some may be quite common and easily recognizable, other are pretty subtle.
There are certain traits you exhibit or circumstances around you that expose you to the risk of falling for Financial Scam.
Before any financial fraud takes place, the fraudster must have had a well planned and fail proof strategy to convince you to dip your hand into your wallet.
Financial Intelligence requires that you not only know how to make and multiply money, but also how to keep it (from yourself and fraudsters) and make it work for you.
Hedge funds is different from mutual funds in that they cannot be sold to the general public and are subject to a different set of regulations.
Good Debt is the type that allows you to accumulate assets that will increase in value either by capital gains it by generating CashFlow. You can use the income derived from the asset to repay the debt.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term.
A liability is usually money owed by a business for the purchase of an asset.
Liabilities could arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval.
From the personal finance and investment perspective, there are four classes of assets that you need to have available to build an investment portfolio.