Free movie to educate public against investment scams

‘Trick$ of the Trade’ at The Flicks on April 1

Before you write that check for a too-good-to-be-true investment, you need to ask a simple question: “What’s in it for them?”

Today’s investors are savvier than ever before. With the Internet at their fingertips, they can check into stocks, markets and bonds before the end of day.   But, those con artists who prey on neighbors, friends and relatives count on the fact the offering they bring is not so easy to find.

Viewers will:

  • Hear from the victims
  • Learn the various investment frauds
  • Witness the psychology of a scam
  • See the RED warning flags
  • Identify the victim types

A new documentary, “Trick$ of the Trade: Outsmarting Investment Fraud,” produced by WQED and FINRA, shows you how to stop fraudsters from taking your money.

This documentary, produced by WQED-TV and FINRA (Investors Education Foundation), highlights who the potential targets are; the persuasion tactics con artists use; the ways to cut risky behaviors by asking questions, and the steps to take before making any investment decision.

“Trick$ of the Trade” shows how investment fraud affects thousands of Americans and accounts for billions in lost personal savings every year. Regardless of age, place or circumstances, everyone is at risk.

The FREE showing is scheduled for 5:30 p.m., Monday, April 1, 2013, at The Flicks, 646 Fulton Street, Boise, ID 83702. There is limited seating, so tickets are on a first come first seated basis.

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1 Comment

Filed under Outreach

One response to “Free movie to educate public against investment scams

  1. Mark Burrows

    Here’s a tip. Don’t invest in anything other than your basic blue chip type of investments. Ones that are slow and steady, that pay off in long term. I know that we all wish we had a quick resolve to our money woes, but they just do not exist out there without great risks. The only thing I am successful at, but fully aware of the risks, is the buying and selling of foreign currency. At one time it got too popular and there was very little exchange going on, then lots of people dropped out and it’s picking up again. That is the nature of the currency business it is either fluid or it dries up. Unless a person is completely reckless no one should ever loose their initial investment because they did not really give it to anyone.You make your first purchase based on a currency trend, and sell as soon as it goes up. You bank your profit until you have earned enough to pull you initial investment back into savings and use your profits as your investment. This would be your emotional break even point. That happens when you have matched what you have invested in earnings.Everything after that is pure profit. Not the same thing as breaking even when you walk away with same money you stared with. Why would they call that breaking even after all the work, time, stress from watching and anticipating. That is working for nothing, that is losing.
    Even still buying and selling currency has risk factors, not to mention that there are plenty of people who try to sell you kits to get you started. No such thing. Everything you need to know can be found on the internet or in your local library, which I actually prefer.
    Yet, I would not recommend currency exchange to anyone who does not have a great deal of patience. Going through the dry periods are tedious. If you really want to invest in anything, then invest into something you can actually be part of or put your hand on. Once again craft shops are popping up all over the place and you don’t have to own them, just invest your talents into them. Invest into a hobby. In my youth I did everything from precious metal smith work to lapidary. I made the most crazy and bizzare things you could imagine but because each piece was hand crafted and unique, I sold a huge amount. My problem is that I was whimsical in my youth and had a constant need for new challenges. Education became the keystone of my life. I sought, I became learned, I teach.
    Look, if you are an ardent fan of this site, then you already know, that if anything comes your attention that is not common place, you start to use Google, Bing, or what every search engine you wish, I still prefer Google, and start looking up what concerns you. Don’t stop at one site, check out several. You will learn soon enough where valued information is coming from.

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