I tell you this from personal experience, because I also invested in various pyramid seeds, which I knew would last at least 100 years, so I advise you not to invest where you do not know who will manage your new and how, how it will be disposed of and will he give you anything back at all.
In my opinion, these are the five worst things you can do with your money:
Binary options: The theory of the probability that you will go bankrupt will remain a mess
At first glance, it seems that binary options are all about the stock market and investments. In fact, these are bets in which the "investor" can only count on luck.
Binary options work by betting traders, known as short traders, on the short-term rise or fall in the price of a particular asset (dollar, euro, cryptocurrency, precious metals). Transactions usually last from one minute to one day. If you hit well, the bet is returned with a premium. If not, you will lose everything. Reminiscent of bookmakers.
Forex, the most complicated market
It is primarily an international currency market. Banks of different countries and large corporations buy and sell on it. There are also speculators on it - investment funds or large traders who want to make money on rate changes.
For an ordinary person, it is more of a gambling game for big money. It's not hard to play: you have to trade currencies with the expectation of a certain pair rising or falling. But winning is extremely difficult: exchange rates are unpredictable and due to usually minor fluctuations, you have to invest a lot, which sharply increases the risk. Yes, it is really possible to make money on Forex, however, only a few professionals succeed.
But the main danger lies in the fact that many brokers are fraudsters.
Ponzi schemes of this century
The high-yield program has been translated as "high-yield investment program". Their creators usually offer investment in super promising things: a mega-successful investment fund, unique innovative technologies, goods or services that will surely rule the world if they attract little investment.
In fact, investing in such projects is equivalent to investing in pyramid schemes. In theory, you can make money, but only if you are among the first investors and after you the pyramid continues to recruit new investors. However, most are unlucky - by collecting the required amount, the organizers sooner or later reduce their activities, and investors lose their investments.
Pay attention to whether someone offers a quick profit (5 percent per day), a guarantee or the exclusivity of investments.
ICO (Initial Coin Offering), no one is protected
This is the initial placement of tokens reminiscent of digital bonds: the company borrows money from investors, in turn transferring the tokens to a cryptocurrency wallet. It seems that everything is clear and transparent, but in reality there is practically no state regulation of the ICO mechanism, which is typical for IPOs and similar investment activities.
Because of that, the market is flooded with fraudsters and fake companies that do not have a business plan and a real product. Having collected money from gullible investors who believe in another blockchain project, they disappear, leaving these others with huge losses. Investors are not protected by law.
Even if the company is real with a product that has potential, it may take years for the price to reach profit and rise. 80% of ICOs in 2017 turned out to be scams.
Automatic tracking
Copying other people's strategies, even in automatic mode, seems like an attractive solution, especially for inexperienced investors. Merchants connect to an automated tracking service. Users of the service estimate the dynamics of his account and can become subscribers, then transactions are repeated on their accounts for a certain percentage.
There are now consulting and automatic tracking services on the market that can help those who are willing to trust others. However, keep in mind that even a successful manager can miscalculate and inflict losses on subscribers. And the regulator monitors the quality of service.
Entrusting them with money is like investing in complete darkness: you don't know who will dispose of it and how, and whether they will return anything to you at all.
Where you think there is no need to invest, write freely in the comments.
never spend more then you can afford and you never bankrupt