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Outsmarting the Con Artists: Top 5 Ways to Avoid Scams!

Outsmarting the Con Artists: 
Top 5 Ways to Avoid Scams!

 First, as noted earlier, 
don't make financial decisions "under the ether." 

 Second, learn to spot persuasion tactics. 
Some of those used by con artists include promises that 
this deal will make you rich, and assurances that 
what you're about to buy is so scarce 
you have to purchase it up immediately. 
Shadel says another common tactic is to promise 
there's a wealthy investor waiting in the wings 
to snap up your purchases at a big mark-up. 
Don't believe it, he says.

 Next, Shadel advises, "Develop a refusal script." 
He says many potential investors have trouble hanging up 
because they don't want to be rude to the 
salesman on the other end of the phone. 
Memorize and practice a simple line to 
allow you to hang up quickly. 
One of his suggestions: "I'm sorry. 
This is not a good time. Thank you for calling." 
Then make sure you put down the phone 
before the salesman can get another word in.

 Fourth, before you buy, check to see if the company is 
registered with the state or federal governments. 
Are they licensed by the 
Financial Industry Regulatory Authority (FINRA), 
the Securities and Exchange Commission (SEC) 
or state regulators?

 Finally, beware if you're under financial stress at home or on the job. 
You are more likely to jump at the chance to make a quick buck.

Click HERE to read the entire ABCNews article on
Outsmarting the Con Artists: 
Top 5 Ways to Avoid Scams!

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