We are pleased to introduce a new Special Feature in our Business Pages – “Market Watch”, starting today (Wednesday/Thursday). The column will be authored by Srinivas B. G., Founder-Partner at Invictus FinServ LLP. Srinivas is a seasoned financial industry leader with over 30 years of expertise in wealth management for UHNI/HNI clients and corporates across the investment spectrum. He has an exceptional track record in managing diverse portfolios, crafting strategic financial plans, and delivering strong investment outcomes. His distinguished career includes senior leadership roles such as Vice President at IDBI Asset Management and Regional Head positions at JM AMC and Alliance Capital AMC. A postgraduate in Marketing, he is also a certified Financial Goal Planner from the American Association of Financial Management. A passionate professional with the highest credentials, Srinivas brings deep insight and clarity to the evolving world of markets and investments. – Editor
Be very careful before investing your hard-earned money, especially if you are young and feeling uncertain about your financial future. Right now, many young people in Canada, India, and the U.S. are falling victim to investment scams that promise quick and easy wealth but ultimately lead to huge losses.
Here are some simple warning signs to protect yourself:
- Beware of pressure tactics. If someone urges you to invest quickly, saying the offer is “limited time” or that you will “miss out,” be cautious. Scammers create urgency so you don’t have time to think.
- Be suspicious of guaranteed or unusually high returns. No genuine investment can promise high returns with little or no risk.
- Don’t trust “insider tips” or secret information from strangers online, especially on social media platforms.
- Verify registrations and credentials. Always check whether the person or company is registered and authorized to sell investments. Scammers often use fake websites and false identities.
- Never give remote access to your phone or computer to anyone claiming they need it to help you with your investment.
- Avoid sending money through gift cards, wire transfers, or cryptocurrencies if you’re being pressured to do so. These methods are commonly used in scams.
Take your time, get a second opinion, and do your own research before investing.
Remember, today’s economic challenges—such as stagnant wages and high housing costs—can make scams appear tempting. But falling for them will only make your financial future even more fragile. Stay informed, stay cautious, and never rush into investments that sound “too good to be true.”
This is a difficult economic phase globally, but wise decisions and careful investing will help you avoid scams and build a secure future.
