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.
As a continuing client over the past 15 years we have no hesitation in recommending Palani & Associates.
Ramiah and staff have always provided prompt, courteous, cost effective service particularly when assistance and advice has been urgently required.
Over the years they have been honest and forthright in their calculation and advice of the ever changing financial climate achieving the best outcome possible for clients.
We have appreciated that they keep up to date by attending conferences and seminars providing clients with up to date information through newsletters, emails and reviews thus keeping clients abreast of current financial situations.
Margaret & Brenton
