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Don't Invest in Things You Don't Understand

Do you know what you're putting your hard-earned money into? Be sure to clarify the details of your investments before committing to avoid scams and  protect yourself. Find out more in this week's Arista Advice.

Full Transcript:

Hello, welcome to Arista Advice.

Today we'd like to say, don't invest in things you don't understand. 

Often people think the rich got super rich because of these top secret,  secretive, behind closed doors investments that their friend told them about. When all reality is, if you don't understand it, you should probably not  be investing in it.

For example, this is how many people got involved in the Bernie Madoff scandal. They were investing money because a friend told them it was a good idea. They didn't know what they're investing in, years down the road they never saw dollar.

Give us a call if you'd like to discuss or feel free to visit our website. We're happy to discuss investments with you.