2min chapter

Many Happy Returns cover image

Smart Money: If you don't know who the patsy is, you're the patsy

Many Happy Returns

CHAPTER

Having a Go

A lot of people enter investing thinking it's a kind of sure bet as long as I think it through everything will be fine. But you've just got to look at the number of investment scams to see that most people can't see through the nonsense in marketing which you get. The one thing which is shocking is the level of fraud which is pervasive in the UK. So roughly 570 million was lost as scams and that was around the year 2021. Now what would you say was the rate of return which is too good to be true?

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