Sometimes it’s not easy to protect against Ponzi frauds. Despite what the media tells you, after they are revealed. The SEC often fails to discover them in time.
But there are basics you can follow to reduce odds of falling into traps that entice scams.
A basic way to avoid investment frauds: Stick to plain vanilla investing vehicles from low-cost, investment funds. They are the ones with the lowest-cost management fees, who have been in business for years.
Avoid those who appear to pay off far better than the plain vanilla, low-cost investment funds. The hotshots who get publicity from ignorant or complicit “friends” or from media public relations.
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