MONEY SMART
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Category Archives: Scams

Scam Savvy: Spotting Current Scams

Every year millions of people are taken in by a scam. You’ve heard of some of the most common ones like the Nigerian letter schemes. I’m sure you’ve been exposed to several and hopefully have spotted them right away. Unfortunately they do work often enough to keep them coming and new ones are being invented all the time. The key is to be sure you know how to spot and avoid them no matter the packaging.

Scam Savvy: The Netflix Email

From time to time an email scam or other hoax comes across my desk that I think is worth sharing. I recently got an email that offers a very good example of how to spot and handle these things so I thought I'd pass it along. The email (reproduced below) appeared to be from Netflix. I love Netflix and this email said that my account had been cancelled. On the surface the email looked just like the emails that Netflix sends but the classic warning flags were there.

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Should I Invest in Gold?

I've been asked that question a lot, especially in the last month or so. Over the past year I have consistently advised against investing in gold and that advice has been pretty good as the price really hasn't changed much. I do believe there will come a time when owing some gold will be a very good idea, but I don't believe we've reached that point as yet for a variety of reasons.

We See Through the Lies!

Earlier this week, a New York Times article came out that really caught my attention. It was disappointing to see the typical economic spin that encourages people to invest with the financial services industry NO MATTER WHAT taken to such great lengths, but was also encouraging to see that the article was in response to a terrific new trend by their customers. People are really starting to catch on that it’s not a good idea to invest in the stock market, especially not at this time, and have been pulling their money out. Now, that’s great news.