Who can you trust when you invest?

Fear and insecurity caused by the coronavirus pandemic have spread around the world. In addition to these problems, the issue of police brutality against blacks has once again been brought to the world’s attention. The tragic murder of George Floyd by a Minneapolis police officer and the police killings of other black people flooded the news. Demonstrations, peaceful protests, and sometimes riots and violence have captured the interest of the United States and other parts of the world.

The world is in turmoil and investments may not be in people’s minds. But with the pandemic, many people have suffered financially, so money is a problem. They may be looking for a way to make much-needed money.

There are still many gurus who want you to trust them by subscribing to their stock investment newsletters. They promise big incomes and make big claims. Their recommendations sound almost too good to be true. Maybe they are.

So-called investment gurus advertise their programs, even if the unprecedented times caused by the coronavirus affect everyone. They say there are exciting opportunities to invest in oil, banking, crypto, medical companies and even during these troubled times. They have common names like John, Tom, Ken, Alex, Mark and Jeff plus some more unusual names like Jordan, Derek and Kyle. Who can you trust? It’s hard to know.

Sometimes they promise a 100% return on your investment or maybe they are brave enough to promise $ 2000% for a year. They say you will most likely get a return on your investment with your first deal. If they promise a large return, it is best to make sure they have a money back guarantee if they do not produce as claimed.

If these promises come true, it will be a great opportunity and blessing. Too often, however, they are false promises that do not come true. If you can find a program that pays as stated, you can consider yourself one of the lucky ones.

It is quite unfortunate when a loss is not considered a victory, but this is the case with so many investments. We can be happy just not to lose our shirts, even though the gurus told us that we would win 100% or more with their recommendations. When following the guru’s recommendations, it is important to reduce your losses before losing your shirt, so to speak. Victory is the goal, of course.

False claims and dead ends can bring a lot of stress. Minor failures can be overcome without major losses. It is tempting to listen to investment gurus follow in their footsteps to win trades. However, you cannot trust many or most of them. It is best to research and learn so that you can trust yourself to make the best decisions.