Investment Scams Australia

There are many ways to avoid investment scams in Australia. If you’re unsure about what you’re investing in, start by conducting your own research. Never invest with a stranger or someone who reaches out to you out of the blue. Be wary of investment opportunities that seem too good to be true, and be sure to check out the money-saving tips on MoneySmart. The Australian Securities and Investments Commission maintains a list of companies and individuals you should avoid. It’s also a good idea to consult with the Financial Planning Association, the ASIC, and the AFSL (Australian Financial Services License).

Investing in overseas companies can be risky, but there are also many investment scams that target Australians. Be careful about investment scams that promise high returns and tax benefits in exchange for a fee. Be especially wary of those who try to pressure you into making a quick decision without taking independent advice. If you’re unsure, Moneysmart has several tips for avoiding investment scams. These are just a few.

Investing in overseas companies is also a risky proposition. Be careful when making decisions. Scammers often advertise high returns or tax advantages, which can be deceptive. You should never put your money at risk just to make a few bucks. In addition, the company may try to swap your current investment for another – or even try to extort you by threatening to change your mind. These scammers will often use taxes or insurance to extract more money from you.