When something is too good to be true, run away. From today’s WSJ:
If someone tried to interest you in an investment that, supposedly, returned 110% annually or one that was “fully guaranteed,” would you walk away? Or would your curiosity get the best of you? Remarkably, more than four in 10 surveyed adults age 40-plus found the (all-but-impossible) idea of more than doubling one’s money each year “appealing,” and 43% had the same reaction to a “guaranteed” product.
Here are some of the top “scams”