Be aware: Falling for phony “facts” can cost you a fortune with investing.

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In the world of investing, information is power. By knowing more you can increase your potential to profit. However, some devious folks don’t stop at just gathering better intelligence. 

By spreading lies and misleading information, they aim to profit from people like you – getting richer at your expense. 

With diligence and these tips, you can protect yourself and your money from making these kinds of costly mistakes.

Read below and discover how to build a defense and avoid getting tricked. 

  1. Beware of appeals to emotions. 

Every single word that you read online has thousands of reasons behind it. And often, one of the reasons is to get to your emotions. When you read any piece of information, pay attention to the words it uses, and the emotions those words trigger. 

It doesn’t matter if they are positive or negative – emotionally charged words can make us act. If you see such words, stop for a minute and put your skeptical head-on. 

  1. Always ask, ”who benefits”?

Always keep in mind a few important questions and try to answer them: Are they more likely to benefit than you are? Does the information they provide help you? Is the content related to your needs and your desires? 

  1. Are they trying to connect with you? 

Do they promise you a shortcut to success or give you the tools and help you reach the final destination? Are they trying to get to know you and your needs first and then offer a solution? Someone who is taking the time to connect with you is your true partner who you can trust. 

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