There is an article in the newest AARP magazine regarding changes in scams and who is doing the scamming. Historically, the aging population has been a prime target for scam artists. We have resources and we want to be helpful. Also, there are some physical changes that alter our ability to process and evaluate situations. Now there is a trend to aging persons being the scam artists. We all need to be aware and wary of unscrupulous people.
Two important things to keep in mind: no one can guarantee a return on investment greater than the market average and all investment goes hand in hand with risk. If the sales person is making these kinds of claims, head for the door.
It is also good to keep in mind that you should never put all of your money in one fund in the market. Only risk what you are able to afford to lose. If you are already retired, move investments to low risk areas.
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