Beware of the overzealous salesman

Quick rich schemes offering double digit returns in a short period and specifically geared to getting people excited about investing in a particular business venture, an undervalued “must own” share or buying a property keep on surfacing regardless of the efforts made by the regulated financial services industry to prevent the occurrence of this activity. This “financial excitement” often results in risky behaviour. This in turn often encourages ill-considered portfolio switches that result in the payment of multiple transaction fees and may also attract undesired taxes potentially reducing overall portfolio returns. Information is good, but be discerning in the use of the information that you receive.

To assist you in preventing yourself from falling prey to the overzealous salesman we recommend the tips provided below.

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