|>>|| No. 6859
Highlighting the one piece of advice there that is absolutely and unconditionally worth following:
>avoid any investment you don't fully understand.
Savings rates are at historic lows, and returns on equities aren't brilliant either. Even the historically boring but high-dividend stocks haven't been doing what they used to. For the last decade the environment has been particularly ripe for (to call a spade a spade) con artists to pitch promising schemes to people whose only sins are wanting a better return on their modest investments and not being financial experts.
Without wanting to sound like those con artists, there's one simple trick that works almost every time. When you see an opportunity, ask yourself who's promoting it and what's in it for them. If you can't work out the answers, consider the scheme not understood and walk away. Nobody ever went bust by missing out on a good investment they didn't understand.