Secure investment forex

Here are 5 investments you need to avoid if secure want to sidestep secure damage to your investment portfolio. Yes, you can buy gold. Yes, you would have profited hugely if you had bought a legitimate gold investment secure and held it until gold price s recently hit an all-time high. But now, con artists are using that recent history to offer to buy gold for you and "hold" your gold in their "secure vault" secure quick turn-around trading.

Too often, the secure vault is a fiction, as is the gold investment, according to the North American Securities Administrators Association's latest list of top investment traps. There is a legitimate though exceptionally risky FOREX market, but most individual investors don't have the means to play in this high-stakes game. That hasn't stopped con artists from convincing individuals that they can earn lavish profits by tapping into some body's "proprietary trading system" that "uses complex mathematical algorithms to beat the currency markets.

The Investment crooks aren't even trading currencies. They're just taking money from investors and using it to live lavishly. Ironically, the crooks often send investors slick brochures of the investment "expert" next to his Rolls Royce and expansive mansion, claiming that his success is proof that his system is a foolproof road to riches.

In reality, it's photographic evidence that there were secure investors as foolish as those now getting pitched on this con. Or, it could be a cool photo that came with the frame. Why investment a con artist want his real face plastered on a web site, allowing disgruntled investors to recognize him?

High-yield investment programs, or HYIPs: These are scams, plain and simple. And yet they're being marketed online, often through "friends" networks on Facebook. The Financial Industry Regulatory Authority recently warned that whole forex communities had sprung up to support this scam with promotional YouTube videos and fake "rating" sites that supposedly direct consumers to the best HYIP deals.

The HYIP programs purport to pay secure interest rates that compound rapidly -- their "long term" investments supposedly pay off in 60 days.

In reality, they're Ponzi schemes, where old victims are paid off by new victims until the scam runs out of money or fools. The Internet gives them a great way to reach vast numbers of youthful, unsophisticated investors, who are then used to pitch the con to their friends.

These scams are as old as the hills, but with commodity prices soaring, they've come back investment a vengeance, according to NASAA. In the best cases, these investments are risky. In the worst case, the partnerships are used forex sketchy operators, who have long histories of regulatory violations, to investment investors through "sales commissions" and "partnership fees.

Clean energy was all the rage even before the BP oil spill. That's got con artists out in droves, secure to convince gullible investors that they can get in on the ground floor of some remarkable environmentally-friendly technology that's sure to take the world by storm.

Unless this is being sold by your college roommate, who was an ethical engineering genius, don't even consider it. Photo by Tao Zyhn More on MoneyWatch Desperate Housewives: Why Women End Up Forex What International Investors Need to Know The Couch Potato's Guide to Getting Rich How to Become a Millionaire. Find out what activities and attractions make these 20 cities and town some of forex best places to retire around the world.

Generics are a great forex to save money in lots of cases, but here is a look at some clear exceptions. Quotes delayed at least 15 minutes. Market data provided by Interactive Data.

Powered and implemented by Interactive Data Managed Solutions News provided by The Associated Press. CBS News CBS Evening News CBS This Morning 48 Hours 60 Forex Sunday Morning Face The Nation CBSN. Log In Join CBSNews. By Kathy Kristof MoneyWatch August 3, Comment Share Tweet Stumble Email. Last Updated Aug 3, Crooks love nervous investors. They're often so frozen with fear that they become sitting ducks for scams and traps. And the stock market's recent investment ride -- not to mention the past decade of non-performance -- has turned even formerly intrepid investors into quivering targets for investment fraud and folly.

Log in to comment Commenting FAQs Community Guidelines. Featured in Moneywatch 20 of the coolest places to retire in the world Find out what activities and attractions investment these 20 cities and town some of the best places to retire around the world 10 products you should never buy generic Generics are a great way to save money in lots of cases, but here is a look at some clear exceptions.

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