Cold Calling
Posted on: Wed, 12/12/2007 - 13:07
Scam_Buster
Newbie
Posts: 20
Joined: 2007-12-02
Points: 354
Offline
Cold Calling
There are so many cold calling scams out there. This kind of scam is still very much use today and there are still a lot victims being convinced to invest their money.
You will receive a call from someone on anyday and they will convince you that something in the stock market or on the real estate is going to increase in value in a matter of a month or 2. They will try their best to convince you to invest NOW so that you will reap a good interest after few months have passed. The offer is very well delivered and they will even show you websites that supports their claims. But in the end, after you gave them your hard earned money, they will just disappear in thin air.
Bookmark/Search this post with:
- 283 reads
This is a really unfortunate one. They are calling on people who have no knowledge of the market that they are trying to convince them to 'invest' in, and so the people have only the scammer's word to take for it. I know how easily it is to be swept up in the excitement, until you find that your money is all gone.
The rule in investments is that if its too good to be true, then it is. Never fall for the sweet words of a stranger. Thanks to this kind of sites, these kind of scams are being talked about and share the scams out there so that we could avoid them.
I won't do business with anyone over the phone. I use caller i.d. and rarely pick up calls where I don't recognize the number. If I do happen to get nailed with a call such as this, I immediately hang up. I simply have no tolerance for cold calling/telemarketing of any kind.
I try to trust my caller ID, if someone calls and I don't know who it is, I wont answer. But you can bet that I am online within minutes searching to find out who called me and what they really wanted. Scams like this are really low, so many people are fooled by investing and it makes me even more upset knowing that many are targeting single parents and elderly.
I keep receiving emails from unknown email ids saying some stock is going to pick momentum the next day and there is no way I could not buy into it if I am serious about making money. I like to read the information in the email , but never take a cue from it as there is no way I could verify the information . Although , I didn't try to test the movements of the stocks the next day I am pretty sure it won't be wise to act on such anonymous predictions in a high risk market.
I had been called by anonymous caller once and I don't know how they got my number for my number was just a prepaid number. They are offering me to buy some 1000 shares of a stock, which I have no idea of, for only $0.20 per stock. It was really a tempting offer for they told me that the price will go up to $1-2 in a matter of days. But I just ignored it for I know already that it was just a scamA confidence game or other fraudulent scheme, especially for making a quick profit; .
Most of these scams play on the persons emotions, they know every other person is in a financial strain, so promising a financial relief is not a hard sell.
Post new comment