Everyone wants to get rich, but this is closely related to their own strength, opportunities and other factors. Some projects that sound like a lot of potential are most likely traps that have been elaborated by criminals. Once you are given a "good pay" by their offer, you will inevitably be in danger.
So what are the lies that we need to discern in our daily lives? Next, let's take a look at the 4 details that cannot be ignored in investment and financial management.
Beware of high-yield traps
The high-yield trap is the most common type we encounter in our daily lives, which generally promises higher returns than the market average, and falsely claims to be able to "protect the capital" or "make sure you don't lose money", or have internal information about a certain department and company.
It is important to keep in mind that any wealth management product may be subject to risk. Even the low-risk type will inevitably be subject to market fluctuations at the moment when the full name is netted, and there is no possibility of "capital guaranteed and earned".
Do not choose unconventional investment channels
When investing and managing money, you should try to choose qualified formal channels, such as banks and legal and compliant securities institutions. If you are concerned about the legitimacy of these channels, you can look up relevant public information online to verify the true situation of the agency. Don't trust the so-called channels recommended by investment experts, so as not to lose both money and people.
Reject unknown apps
At present, there are many criminals who deceive consumers who do not know the truth to register by developing fake apps. The general UI of these apps is relatively rudimentary, and the information in them is both true and false, which is specially designed to confuse the public. If you don't have the ability to discern, it's hard to notice the difference. Therefore, it is best to reject **any** unknown app.
Enhance your financial literacy
There are many types of financial wealth management products, and different types of products are quite different in terms of risk, return composition and transaction methods. Without sufficient knowledge, it is difficult for us to discern our real needs, leading to cross-risk investments.
You need to be rational in investment and financial management, and don't blindly chase profits and lead yourself into a trap.
Risk Warning: This article only represents personal views and advice, and does not constitute investment or advice under any circumstances.