Fear and uncertainty caused by the coronavirus pandemic has spread around the world. In addition to these issues, the issue of police brutality of black men has again come to the world’s attention. The tragic murder of George Floyd by a Minneapolis policeman and the police murders of other blacks flooded the news. Protests, 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 on people’s minds. But with the pandemic, many people have suffered financially, so money is an issue. They may be looking for a way to make some much-needed money.
There are still a lot of gurus who want you to trust them by signing up for their stock investing newsletters. They promise big returns and make big claims. Their testimonials almost seem too good to be true. Maybe they are.
So-called investment gurus are touting their programs even as the unprecedented times caused by the coronavirus have affected everyone. They say there are exciting investment opportunities in oil companies, banking, crypto, medical and more in these troubled times. They have common names like Jon, Tom, Ken, Alex, Mark, and Jeff, as well as rarer names like Jordan, Derek, and Kyle. Who can you trust? It’s hard to know.
Sometimes they promise 100% ROI or they can be bold enough to promise $ 2,000 in a year. They say you will probably get your ROI with your first trade. If they promise big returns, it’s best to make sure they have a money-back guarantee if they don’t produce as expected.
If these promises come true, it would be a great opportunity and a great blessing. However, all too often these are false promises that do not come to fruition. If you can find a program that pays as requested, you can consider yourself one of the lucky ones.
It’s quite pathetic that not losing is seen as winning, but it does in so many investments. We might be happy not to lose our shirts although the gurus told us we would earn 100% or more with their recommendations. When you follow the recommendations of the gurus, it is important to cut your losses before you lose your shirt so to speak. Winning is the goal, of course.
Misrepresentation and dead ends can cause a lot of stress. Minor setbacks can be overcome without major losses. It’s tempting to listen to investment gurus follow in their footsteps for winning trades. However, you cannot trust many or most of them. It is best to research and learn so that you can have confidence in yourself to make the best decisions.