Are there scams online where a catfish wants to teach you how to invest?

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This topic contains 1 reply, has 2 voices, and was last updated by  Luke 2 years ago.

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  • #25368

    Liam
    Participant

    Several times now, I have come across someone online being incredibly pushy about wanting to teach me how to invest before we have even met each other in person.

    Even when I tell them I don’t take financial advice from people I don’t know on the internet, they persist. Is this something anyone else has experienced?

    #25369

    Luke
    Keymaster

    Hi Liam,

    Yes, online scams come in different packages and coming across someone online who is adamant on teaching you how to invest is nothing new.

    What do most people need to invest?

    Yes, you guessed it, money.

    Wanting to teach someone how to invest is just another way to gain access to that person’s finances.

    Stay away from people like this online.

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