Investments you should avoid
There are thousands of investment options available to the average investor – but how do you sort out the good, the bad and the ugly?
The Australian Securities and Investment Commission (ASIC) has estimated that over 100,000 Australians have lost money to a scam over the last 10 years.
It makes sense to be armed with information that can help you avoid potentially costly investment mistakes.
But where do you start as an investor? Are there questions you can ask? Are there basic investments you can avoid?
One good tip is not to let greed get the better of you – if it sounds too good to be true then it probably is.
The following information gives you some tips on investments to avoid, and how you can protect yourself from being caught up in an ugly investment.
So, what are some potential investments that should be avoided?
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Tax-driven investments |
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Investment scams |
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Property investments |
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Cash-based investments offering high returns |
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Important points to remember |
* Services provided as an Authorised Representative of Count. ‘Count’ and Count Wealth Accountants® are the trading names of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232. Principal Member of the Financial Planning Association of Australia Limited. Palani & Associates Pty Ltd, ABN 92 092 147 889, is an Authorised Representative (Authorised Representative Number 303869) of Count Financial Limited.
We have been coming to Palani & Associates for over 20 years for our tax returns and related advice. We have found Ramiah and his team to provide a very professional, efficient and friendly service and they have always accommodated our needs. Ramiah’s expertise, advice and relaxed style have been outstanding. His attention to detail, application of the latest IT tools and his sound knowledge of the ATO, Tax Act and staying abreast of the latest tax rules are reassuring and the reason we continue to return.
Jennifer & Robin
