ANDY'S CONSUMER PAY-OFF: SIGNS OF INVESTMENT TROUBLE - Action News 5 - Memphis, Tennessee

ANDY'S CONSUMER PAY-OFF: SIGNS OF INVESTMENT TROUBLE

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The agents of the federal General Services Administration said these are five terms that are red flags when it comes to investments:

  • "GUARANTEE." No legitimate investment is ever a guarantee of anything. Every investment has an element of risk.
  • "HIGH RETURN." If the return is higher than the percentage return of typical investment plans, it's likely a ruse. Check with a licensed and credentialed financial advisor.
  • "LIMITED OFFER." That's just a trick to pressure you into making a decision right away.
  • "AS SAFE AS A CD." Then why isn't it a certificate of deposit? Either it is or it isn't. Get a prospectus that explains the investment.
  • "THIS INVESTMENT IS IRA-APPROVED." An IRA (Individual Retirement Account) is an investment, not a regulatory agency. This statement is meaningless.
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