Whether you've earned your first big job out of college or been working for years, deciding to begin investing is a big decision. Putting your money to work for your is a wise decision but you should know how to spot a bad investment opportunity. Failing to do so could set you back financially for years.
Whether at a horse race or in the stock market, there is no such thing as a sure thing. Investments are always risky; in some cases, that is what makes them so potentially lucrative. Everyone has a hot tip for someone who came into a large or unexpected amount of money, but those tips can cool entire careers.
Every investment comes with some type of risk. There is a chance that you will lose your money. If you work with an investor who tells you otherwise, that's a red flag. They're not being honest with you, and you have to ask yourself if they really have your best interests in mind.
A bribery scandal involving Mobile TeleSystems apparently cost them around $850 million dollars already, and now the company is facing a class-action lawsuit for not making proper statements regarding that scandal.