Few of us consider ourselves gullible enough to buy into a scam investment scheme, however, the story of Deanne Forrest highlights that ‘absolute zero-risk’ ‘high return’ sales patter could fool even so called street-wise investors.
Reports in the press this week tell the sorry tale of how a 50-year-old artist was duped into investing £12,500 of her savings and credit card funds with a company called Banc De Binary, who were offering instant returns of up to 60%. Clearly, if the level of returns promised sounds too good to be true, they often are, and it will perhaps come as no surprise that Mrs Forrest lost all of her money.
The victim is quoted as feeling “hopelessly naive”, however, tens of thousands of savers just like Deanne are being lured into taking huge stock market bets on what are nothing more than gambling websites.
Here at The Financial Planning Group we always advise investors to look for a structured, disciplined approach, rather than gamble their life savings away chasing unrealistic returns. Our aim is to change the fundamental relationship people have with their money, and to give them confidence and clarity in their own future.
If you would like to arrange an investment consultation, please call Tim Norris or Alan Clifton on 0800 731 7614 and we would be delighted to arrange a meeting at our offices in the heart of Teddington.