Today, Anne shares an increasingly popular scam that targets lonely people and takes their retirement savings. Ira shares a story about a friend who claims that owning as much gold as possible is the way to go, but who happens to be a jeweler. Listen along as these advisors discuss how scams or misleading sales pitches usually leave people feeling like they can’t understand investing, making people easier to take advantage of. Later in the episode, a large investment firm tries to create a “no fee” robo-investing option to compete with Robin Hood. They end up with a lawsuit for forcing clients to hold cash so they can make money by lending with it
Start relaxing about investing by scheduling a 15-minute call with one of our advisors here.