Who can you trust when investing?

The fear and uncertainty created by the coronavirus pandemic has spread around the world. On top of these problems, the issue of police brutality against blacks was once again brought to the world’s attention. News of the tragic murder of George Floyd by Minneapolis police and the killing of other blacks by police flooded. Demonstrations, peaceful protests, and sometimes riots and violence have attracted the attention of the United States and other parts of the world.

The world is in turmoil, and investing may not be on people’s minds. Many people have suffered financially from the pandemic, so money is a problem. They are looking for a way to earn much-needed money.

There are many gurus who want you to trust them by subscribing to stock papers. They promise big profits and make big claims. Their statements sound almost too good to be true. Maybe they are.

Although the unprecedented era created by the coronavirus has impressed everyone, it sounds like a so-called investment guru program. Oil, banking, cryptocurrency, medical companies and more say there are interesting investments in these troubled times. There are common names like Jon, Tom, Ken, Alex, Mark and Jeff, and more rare names like Jordan, Derek and Kyle. Who can you trust? It’s hard to know.

Sometimes they promise to make 100% return on your investment, or they can be brave enough to promise 2,000% a year. They say that you will probably get an investment return with your first trade. If they promise big profits, it’s a good idea to make sure they have a money back guarantee if they don’t produce as claimed.

If these promises came true, it would be a wonderful opportunity and a blessing. But often these are false promises that do not work. If you can find a program that pays for the claim, you can consider yourself one of the lucky ones.

It’s a pity not to lose when it’s considered a win, but it’s the same with so much investment. We can only be happy not to lose our shirts, although the gurus said we would win 100% or more with their recommendations. According to the recommendations given by the gurus, it is important to reduce your losses before you lose your shirt. Of course, winning is the goal.

False claims and dead spots can cause a lot of stress. Small failures can be overcome without large losses. It is tempting to listen to investment gurus to keep track of the winning trades. However, you can’t trust many or most of them. It is best to research and learn so that you can be confident in making the best decision.