Investment or ‘wealth creation’ software or seminars promising large returns are almost always too good to be true and that ‘opportunity of a lifetime’ may even turn out to be a scam.
Investment software or education packages
Investment or education software providers may promise to make you an expert in no time at all – with little or no training. They’re usually promoted as legitimate financial wealth products or services.
Marketing material looks professional, referring to sophisticated analytical tools and cutting-edge technology that can predict how a trade or bet will perform. You’ll almost always be promised very high returns with very little risk.
Seminars are usually promoted as an ‘exclusive’ event with motivational speakers who will share their secrets to financial success. You’ll typically be promised high returns with little or no risk – turning you into a millionaire in a few years.
Online platforms may not be regulated by us, which makes fraudulent behaviour much easier. Investment software or education package risks include:
‘Get rich quick’ seminars are usually high risk. If returns seem too good to be true, speak to a financial adviser before you commit to anything. The risks include:
Seminars are often used as a way of encouraging investors to buy or invest in property. Speakers at these seminars may claim to be investment experts but this isn’t always the case.
As a property investor, you are exposed to risks for a longer time so it’s important to understand the risks before you invest. Never sign up to an investment property on the spot.