By: How do you know?

How do you know? — Tue, 01 Aug 2023 16:28:24 +0000

@Craftsmanbob. Your article provides valuable insights and practical tips to avoid financial scams. However, it’s crucial for people to remember that, ultimately, they must use their own seichel (common sense) when making financial decisions. While advice websites can be helpful, blindly following tips without conducting personal research and due diligence can be risky. Each individual’s financial situation is unique, and what works for one person may not work for another. We must take personal responsibility for our financial choices, understanding the risks involved & ultimately know that there is one Eibeshter that creates the world and everything including your wallet size…

By: Note on investor accreditation

Note on investor accreditation — Tue, 01 Aug 2023 14:49:20 +0000

I recommend anybody investing in any company not listed on a stock exchange to read up on becoming an SEC accredited investor. Generally, if one has a company that is selling shares that is not publicly traded on a stock exchange (the SEC regulates public companies quite heavily), one is only allowed to purchase shares if he/ she is an SEC accredited investor.

Why does the SEC require investors in small companies that sell stock to be accredited? Very simple, typically one has to have quite a large income/wealthy to invest, and if a deal goes sour, the investor will not lose all the money that they have. The SEC doesn’t allow people with even nice household incomes (200K a year) to invest in these companies!

Finally, before doing anything, make sure to have all paperwork reviewed by a lawyer.

If you are unsure, keep your money in publicly traded companies like most American citizens.

Comments on: So How Do I Know If It’s a Scam?

By: How do you know?

By: Note on investor accreditation